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$362,000

NAL Estimated Property Value

5015 Avenue M, Galveston, TX, 77551

Off MarketInfo
CommercialInfo
Beds4 Beds
Baths2 Bath
Baths2,859 Sq Ft
price_per_sqft$111 / sqft
Year BuiltBuilt in 1953

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
AppliancesRange, Microwave, Dishwasher, Refrigerator
FlooringVinyl

Exterior

Exterior FeaturesPrivate Entrance
Lot Size5,994 sqft

Building Information

Year Built1953
Stories1
Roof Type105
Garage Spaces2

Land Information

APN2965-0042-0006-000
Lot Number6,7
SubdivisionDenver Resurvey
Land UseResidential
Legal DescriptionABST 628 M B MENARD SUR LOTS 6 & 7 BLK 42 DENVER RESURVEY
Census Tract725200
Assessed Land Value$95,040
Assessed Improvement Value$257,770
Assessment Year2025

About this property

Great Triplex investment property. Tenants have been there a long time. This Triplex consists of the main house being 4 bedrooms, 2 baths with central A/C, storm shutters and vinyl flooring. There are 2 apartments in the rear of the main home. Both are 2 bedrooms, 1 bath. Both rear apartments have all new paint, new kitchen cabinets, new dishwasher, new oven, sink and faucets. Both have new Pex piping to the sink and new electrical panels New vinyl flooring throughout, new ceiling fans, washer and dryer in garage. 1 of the apartments had concrete poured inside the garage unit and front concrete ramp leading into the garage and both have parking and storage. There is new fencing around the front and rear properties. Decorative brick community mailbox. 4" drainage system with multiple drains in select locations which exits to the front of main house. Units are separately metered for water/gas and electricity. 510 sq ft (Yellow), 667 sq ft, (Blue), 1682 sq ft (white house)

Investor Tools

Property Icon
$362,000
Estimated Property Value
$270,758Estimated Mortgage Balance
$91,242Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,172 /month
Positive
Cash Flow Estimate:
$724 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$646/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,938
$352,810
2025
$95,040
$257,770
$352,810
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,938
$352,810

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Conventional
$275,500
No
First
May 12, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$270,758
$90,242
24%
75%
$1,719/mo

City: Galveston

5015 Avenue M | Property Details | No Agent List