Listed by Partners
$1,799,995
912 Church St
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,413
Units 13
Cap Rate 4.88%
NOI $87,802
Occupancy 77%
Pro-Forma Cap Rate 8.71%
Pro-Forma NOI $156,727
Price per SqFt $191
Class B
Year Built 1970
Year Renovated 2023
Buildings 1
Stories 2
Lot Size (SqFt) 10,280
Fully renovated modern build with rare opportunity for immediate cash flow and value-add potential
Marketing description
- 13-unit multifamily property located at 912 Church Street in historic Galveston
- Two-story, 9,413 SF building situated on a 10,280 SF lot
- Built in 1970 with renovations completed in 2023
- Blend of vintage character with modern finishes and updated systems
- Located near the Strand District, cruise terminals, and University of Texas Medical Branch
- Positioned in the core of Galveston with strong access to tourism, employment, and entertainment
- Spacious units with flexible floor plans suitable for multiple rental strategies
Investment highlights
- Value-add potential through operational improvements and strategic management
- Recently renovated, reducing near-term capital expenditure risk
- Strong demand drivers from both local workforce and tourism-based renters
- Flexibility for long-term or short-term rental strategies
- Opportunity to stabilize and reposition for increased returns in a high-demand coastal market
Listing Contacts
Listed by Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$87,802.00
$7,316.83/mo
Valuation Metrics
0
DSCR
4.88%
Cap Rate
4.88%
ROI
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