8-unit OFF MARKET in Galveston, TX
I am currently wholesaling an 8-unit, 2bed/1bath property in Galveston, TX.
100% occupied, long term tenants, all brick exterior.
GREAT income producing property, near beaches, Historic Galveston, The Strand and The Pleasure Pier.
Current cap rate 10% with a cash on cash return of 20%. And that’s with rents below market average. But with repositioning (light rehab and raising rents to market level) cap rate is 11.76% with a 25.99% cash on cash return.
Asking $305K (+ Assignment Fee $15K).
Serious inquiries only please. A signed NCND is required to review complete information/ investor brochure.
For more information:Call 832-422-5717 or [email protected]
Offering