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$529,900
70 Days Online

3028 Ave M Avenue
Galveston, TX 77550

For Sale|Multi-Family|Active
Subdivision:
Galveston Townsite
County:
Galveston

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Call Now: 346.202.7307
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346.202.7307
3028 Ave M Avenue3028 Ave M Avenue3028 Ave M Avenue3028 Ave M Avenue
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EASY TO SHOW FOURPLEX. FULLY RENOVATED 6 TO 8 YEARS AGO. NEW KITCHENS - GRANITE AND APPLIANCES. NEW BATHS. NEW A/C UNITS. TILE FLOORS LOCATED IN DESIRABLE EAST-END CLOSE TO UTMB, GALVESTON COLLEGE, TEXAS A & M, BEACHES, DOWNTOWN AND THE PORT OF GALVESTON EMPLOYERS. AMAZING UPSIDE: CONTAINS ONE-3 BEDROOM/2 BATH PLUS THREE-2 BEDROOM/2 BATH. FULLY LEASED. LEASES EITHER CONVENTIONAL OR SECTION 8. NEW HOUSING AUTHORITY SCHEDULE FOR MAX RENTS: 2-BEDROOM UNITS $1449 MAX RENTS AND 3-BEDROOM MAX IS $1923. OUTSTANDING MAXIMUM PROFORMA RENTAL AMOUNT PROJECTION IS $75,240/YEAR. THE ACTUAL CURRENT RENTS FOR 4 UNITS IS $4085. THIS WILL BE ONE OF THE GREATEST EARNING RENTAL PROPERTY IN THE MARKET WHEN FULL RENT PROJECTIONS ARE MET. THE MARKET IS EXTREMELY TIGHT FOR TWO AND THREE BEDROOM SECTION 8 OR CONVENTIONAL RENTALS. AN AGGRESSIVE RENTAL PROGRAM WILL GENERATE A HIGHER RETURN ON iNVESTMENT THAN OTHER SIMILAR AVAILABLE INVESTMENTS.

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Listing Snapshot
Price 
$529,900
Days Online 
70 Days
Bedrooms 
3
Inside Area (SqFt) 
3,233 sqft
Total Baths 
2
Full Baths 
2
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1964
MLS Number 
29813472
Status 
Active
Property Tax 
$2,590
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Appraisal District
Friends & Family
Recent Activity
19 hours agoListing updated with changes from the MLS
2 weeks agoPrice changed to $529,900
2 months agoStatus changed to Active
2 months agoPrice changed to $549,900
2 months agoListing first seen online
General Features
Disclosures 
No Disclosures
Energy Efficiency 
Ceiling FansInsulated/Low-E windows
Utilities 
CableElectricWater
Stories 
2
Interior Features
Full Baths 
2
Cooling 
Window Units
Heating 
Window Unit
Refrigerator 
Yes
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Exterior Features
Lot Description 
Corner
Roof 
Built Up
Siding 
Wood
Schools
School District
Galveston
Elementary School
GISD OPEN ENROLL
Middle School
GISD OPEN ENROLL
High School
BALL HIGH SCHOOL
Listing courtesy of Joe Tramonte Realty, Inc. ?

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Data provided by HAR.com © 2022. All information provided should be independently verified.

Neighborhood & Commute
Source: Walkscore
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