Galveston, TX 77551 5015 Avenue M

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Presented By: Fairdale Realty;
  • MLS# 67377815
  • 09/28/2024
  • Request Tour
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  • Beds • 4
  • Baths • 2
  • SQFT • 2,859

Home Details

**BRAND NEW ROOFS JUST INSTALLED ON ALL THREE UNITS!!** Welcome to 5015 Avenue M, a strategically located triplex offering an exceptional opportunity for investors seeking steady rental income in the heart of Galveston, TX. Unit one (the front main house) consists of four bedrooms and two bathrooms, central AC, storm shutters, and vinyl flooring. Units two and three in the back of the property include two bedrooms and one bathroom each, recently renovated with updated kitchens and bathrooms with vinyl flooring. Consistently high occupancy rates with long-term tenants. Rental income of $4676 total per month, with potential for rent increases in line with market trends. Whether you're a seasoned investor looking to expand your portfolio or a newcomer to real estate investment, this triplex represents a rare opportunity to acquire a turnkey property with immediate income potential!! Repair/upgrade list available upon request (also in attachments for agents)
Presented By: Fairdale Realty;

Interior Features for 5015 Avenue M

Bedrooms

Total Bedrooms4

Bathrooms

Total Baths2.00

Other Interior Features

Unit Count2
Sq Ft Total2859
Sq Ft SourceSeller
Cool SystemCentral Gas, Window Units

General for 5015 Avenue M

Census Tract7252
CityGalveston
CountyGalveston
DOM100
DirectionsTake I-45 south to Galveston. I-45 will turn into Broadway. Continue on Broadway to 53rd street. Turn right on 53rd St., turn left on Avenue M. The property is on the right side. House is in the front
DisclosuresSellers Disclosure
Elementary SchoolGISD OPEN ENROLL
Fee Other
Full Baths2
Geo Market AreaMidtown - Galveston
HeatingCentral Electric, Window Unit
High SchoolBALL HIGH SCHOOL
List TypeExclusive Right to Sell/Lease
Maintenance Fee Y/N
Middle SchoolGISD OPEN ENROLL
New Construction0
OccupancyRental, Under 10% Vacancy
Property TypeMulti-Family
RestrictionsNone
RoofComposition
School District22 - Galveston
StatusActive
Stories1
Sub TypeTriplex
SubdivisionDenver Resurvey
Tax Rate1.7477
Tax Year2023
Unit Total3
Year Built1953
Yearly Taxes8840

Exterior for 5015 Avenue M

Lot Size5996
Lot Size SourceAppraisal District

Additional Details

Price History

Schools

Middle School Gisd Open Enroll Middle School
Elementary School Gisd Open Enroll Elementary School
High School Ball High School

Jeffrey Whitespeare

Founder/Owner
Price $391,990
MLS#67377815
List Date 09/28/2024
Property Type Multi-Family
Phone 713.858.7686
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