3517 Avenue R 1/2, Galveston

$365,000

4 Beds
3 Baths
1,868 Sqft
.12 Acres
2 Garages

Reliable and highly profitable investment even in a downturn. This property offers 2 rental incomes, with a restored 3/2 bungalow and 1/1 apt., 2 blocks from the beach. As of 5/15/20, the property has nearly $25,000 in FUTURE bookings, and has barely skipped a beat in the face of CV19, with average gross revenues for Feb., March and April of $3K- typically our slow season. Both units were completely renovated in 2018, with a fully fenced yard and 2 separate rentable spaces with separate entrances onto property. Annual occupancy rates beat the market, with ~90%. Annual gross revenue is over $100,000 for the first two years as a vacation rental, and is only getting better. An amazing property to buy both as a home and take over a successful business. The sale includes 2 days of training and hand-off of marketing materials. In flood zone X and has never flooded.

Essential Information
MLS® #95802830
Price$365,000
Bedrooms4
Bathrooms3.00
Full Baths3
Square Footage1,868
Square Footage5112
Acres0.12
Year Built1940
TypeSingle-Family
StyleTraditional
StatusActive
Community Information
Address3517 Avenue R 1/2
AreaGalveston County
SubdivisionGarrett Sub
CityGalveston
CountyGalveston
StateTexas
Zip Code77550-8816
Amenities
# of Garages2
GaragesDetached Garage
Interior
HeatingCentral Electric
CoolingCentral Electric
# of Stories1.00
Exterior
Lot DescriptionSubdivision Lot
RoofComposition
FoundationPier & Beam
School Information
DistrictGalveston
ElementaryGISD OPEN ENROLL
MiddleGISD OPEN ENROLL
HighBALL HIGH SCHOOL
Additional Information
Days on Website36
Listing Details
OfficeThe Listing Firm
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Listing information last updated on May 27th, 2020 at 4:55pm CDT.