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1915 45th St

galveston, TX 77550

$1,375,000

  • 6 BR
    5 BA
    approx. 11,520 SF

Interested? Let's Connect

Drive-by only. Exceptional opportunity to acquire a high-yield mixed-use investment property in Galveston, Texas. This diversified asset includes seven residential units, additional detached residential structures, rear storage income, and four commercial storefronts with a strong history of long-term tenancy. The property produces approximately $196,800 in projected annual gross income with a pro forma cap rate of about 10.8%. Even with conservative underwriting including vacancy and repair reserves, the asset performs near a 9% cap rate, making it attractive to both cash-flow investors and leveraged buyers. Multiple income streams provide strong stability, while value-add potential exists through rent optimization & continued property improvements. Several commercial tenants have been in place since 2010, reflecting strong location fundamentals and tenant retention. Rare opportunity to acquire a high-performing coastal Texas mixed-use asset with immediate income and long-term upside.

Details

11,520 Sq Ft

6,000 Sq Ft Lot Size

investment

$29,194 Annual Tax

Built in 1970

MLS/Listing ID 25533848

2 Stories

2 Units

Amenities & Features

Composition

Heating - Natural Gas

Cooling - Electric

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TOTAL MONTHLY COST

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  • PRINCIPAL & INTEREST

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  • PROPERTY TAXES

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Interested In 1915 45th St?