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$439,900

5220 Avenue P 1/2, Galveston, TX, 77551

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,422 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$181.63 / sqft
Year BuiltBuilt in 1966

Property Lead Type:

BankruptcyOff-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Electric Oven
FlooringVinyl, Wood

Exterior

Lot Size4,500 sqft

Building Information

Year Built2010
Stories1
Roof Type105
Garage Spaces2

Land Information

APN2965-0116-0021-000
Lot Number21
SubdivisionDenver Resurvey
Land UseResidential
Legal DescriptionABST 628 M B MENARD SUR LOT 21 & W 1/2 OF LOT 20 BLK 116 DENVER RESURVEY
Census Tract725400
Assessed Land Value$75,600
Assessed Improvement Value$438,210
Assessment Year2025

About this property

Coastal living meets established income potential in this beautifully renovated Galveston Island home! The 3-bedroom, 2-bath main residence is complemented by a separate 1-bedroom, 1-bath garage apartment with a long-term tenant already in place—providing rental income from day one. Extensive updates include newer granite countertops, custom soft-close kitchen cabinets, updated baths, newer luxury vinyl plank flooring, refurbished original hardwoods, and a striking wood-plank ceiling with recessed lighting. Additional updates include newer HVAC, newer plumbing, fresh interior/exterior paint and a newer roof on the main home. A spacious mud/laundry room adds convenience. The 2-car garage offers ample parking and storage plus an additional fully renovated bath. Just a golf-cart ride to the beach, dining and Island attractions! Enjoy the Island lifestyle while an established tenant helps make this property work for you.

Investor Tools

$0Estimated Mortgage Balance
$258,602Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,083 /month
Positive
Cash Flow Estimate:
$1,028 /month

Interested in this property?

Dayna Roy

EVERAGENT

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$846/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,578
$513,810
2025
$75,600
$438,210
$513,810
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,578
$513,810

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$513,810
100%
0%
$0/mo

City: Galveston

5220 Avenue P 1/2 | Property Details | No Agent List