1612 41 StGalveston, TX 77550

Property Details for 1612 41 St

Year built

1958

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This centrally located Galveston, Texas apartment building presents a compelling investment opportunity. Built in 1958, this two-story, 100% occupied duplex offers immediate income generation. The property boasts spacious, updated units, appealing to a diverse tenant base including students attending Texas A&M Galveston and the University of Texas Medical Branch (UTMB), as well as professionals and those seeking convenient access to downtown Galveston and its amenities. Situated on 41st Street in Galveston County (zip code 77550), the building benefits from its proximity to the historic Strand District, offering abundant shopping, dining, and entertainment options. The location also provides easy access to Galveston's beaches, fostering strong rental demand for both long-term and vacation rentals. This stabilized investment, priced at $369,900, offers a chance to capitalize on Galveston's year-round appeal and robust rental market, making it an attractive option for investors seeking a coastal property with strong potential for return. The property's convenient location near educational institutions and the city center ensures consistent occupancy and a steady income stream. This is a turnkey opportunity to own a piece of Galveston's thriving real estate market.

Location Insight

City

Galveston

County

Galveston

State

Texas

Latitude

29.289

Longitude

-94.8107

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