GREAT INCOME EARNER AND FULLY RENTED!!! 8 units, all 1 bed 1 bath - easy to rent and stay full, Section 8 eligible. Well maintained, great location on the Island, bus stop right across the street, 5 parking spots plus street parking, separately metered, landlord pays for Water, LOW TAXES! No carpet in the units, appliances 4 years old or newer, all units have 2 window air conditioners, all conditioners are 5 years old or newer, ceiling fans in all units, hot water heaters approx 4 years old, roof 2011, interior paint 2015 and newer, exterior paint approximately 2015. Leases up for renewal from 6 to 9 months, and all units expected to renew. Exterior made tenant friendly with designated areas for smoking, room for bikes to be stored on the side of the building, swing in back. Update to increase rents even further, or convert to vacation rentals - lots of opportunity for income growth here!!!

  • MLS# 89937360
  • Sub-Type Resale
  • Status Option Pending
  • Year 1978
  • Days On Site 40
SQ Feet 4,752
Units 1
Building(s) 1
Listing Provided By:
Tammy Petterson  of  UTR TEXAS REALTORS
Welcome Investors! 5103 Avenue O awaits your attention! Strong & steady earner, well-maintained, textbook investment property.
Welcome Investors! 5103 Avenue O awaits your attention! Strong & steady earner, well-maintained, textbook investment property.
8 units, all 1 bed 1 bath.
This property has been transformed into a home for its' residents!
Seating/picnic table out front - greatly appreciated and utilized!
Two secured entries.
Unit F!
Unit F - Tile flooring in the downstairs units, laminate & vinyl in the upstairs units.
Passthrough kitchen, bedroom beyond.
The kitchens are small but efficient! Affordable, comfortable, practical!
Gas range, approximately 4 years old, refrigerator 2018.
 
The bedroom is fairly spacious, with a window unit and a ceiling fan. Tenants are happy and providing the window units is very cost effective and easy to replace.
Large closet with built-in shelves.
The bathrooms are all similarly tiled and have a built in vanity as shown on the left.
Unit G - Notice this one has laminate flooring and a splash of blue!
Unit G
Unit G
Unit G
Unit G
 
Unit G - Bedroom has vinyl tile.
Unit G - Sliding mirror doors on the closet. Practical - tenants love them!
Again, the closets are all large, and the built-ins are wonderful!
Unit G - Bathroom.
 
Another unit receiving a make-ready .
2 entries, 2 stairways to the upper units. Stairs carpeted for noise protection.
Notice that the bus stop is RIGHT ACROSS THE STREET! Perfect for your budget-conscious and eco-friendly tenants. Super convenient!
Parking for 5, first-come first-serve, and there is ample street parking also.
Trash cans nicely concealed behind this latticework.
Units separately metered! Service put in around 2014.
 
Sitting area behind. Appreciated and used!
Secured mailboxes - nice touch!
Entry door is coded!
And of course the allure of Galveston makes any Investment property more desirable. The Pleasure Pier is just 2.3 miles away!
 
 
 
 
 
And downtown is just 3 miles away. A lot of people in Galveston bike, including most of the tenants of 5103 Avenue O!
 
 
 
5103 Avenue O - Well maintained, running like clockwork, nice property for new and seasoned Investors alike!
5103 Avenue O - Book your appointment today, and call for any information at all!
this listing $469,900
170.07%
$173,995 in 77551
this listing 4,752 SqFt
476.00%
825 SqFt in 77551
this listing $99 $/SqFt
53.11%
$211 $/SqFt in 77551
this listing 40 on site
67.21%
122 on site in 77551

Location

State Texas
County Galveston
City Galveston
Zip Code 77551
Area 33

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