FREE book: The Book on Texas Real Estate Investing — download now

6-Figure AirBnB Triplex with a Pool One Block from the Beach

3520 Avenue S ½, Galveston
ROI
21.58% IRR
Strategy
Short Term Rental
6-figure AirBnB triplex with a pool one block from the beach. Duplex is an active STR that generated $106k in 2022, plus a 1 bed garage apartment currently leased m2m for $950 with STR potential for $2-3k/mo. 3,465 sq ft triplex with an over/under duplex plus a 1 bed garage apartment built in 2015. Downstairs is a 3 bed, 3 bath and upstairs is a 2 bed, 1 bath. Comes fully furnished except for some garage apartment items. Valueadd potential by converting that $950/mo LTR into an AirBnB.

Enter your email to download the proforma

< Back to Daily Deals

6-Figure AirBnB Triplex with a Pool One Block from the Beach

Listed 09/18/2023

3520 Avenue S ½, Galveston

Purchase Price:$998,000

Cash Outlay:$279,460

Cashflow:$2,152/mo

Cap Rate:8.62%

IRR:21.58%

Talk to an agent about this property

Get a response in less than 24 hours.
Message

See other properties

Mid Term Rental

San Antonio OFF MARKET Down Town Duplex $299k

1119 W Myrtle St, San Antonio

Purchase Price:$299,000

Cash Outlay:$80,730

Cashflow:$48/mo

Cap Rate:5.59%

IRR:11.33%

Long Term Rental

Houston Single Family Rental $344k

10618 Cascade Creek Dr, Rosharon

Purchase Price:$344,000

Cash Outlay:$92,880

Cashflow:$354/mo

Cap Rate:6.63%

IRR:16.38%

Long Term Rental

San Marcos Fully Occupied Quadplex $399k

1634 Post Rd, San Marcos

Purchase Price:$399,000

Cash Outlay:$107,730

Cashflow:$549/mo

Cap Rate:7.05%

IRR:18.40%

Long Term Rental

DFW Fully Occupied Duplex $440k

11358 Quail Run St #358 & 360, Dallas

Purchase Price:$440,000

Cash Outlay:$118,800

Cashflow:$440/mo

Cap Rate:6.60%

IRR:16.22%

Long Term Rental

Houston Portfolio of 2 Single Family Homes $668k

10614 Cascade Creek and 10611 Crescent Peak, Rosharon

Purchase Price:$668,000

Cash Outlay:$180,360

Cashflow:$760/mo

Cap Rate:6.76%

IRR:17.01%

Long Term Rental

Houston Portfolio of 3 Single Family Homes $902k

10607 Crescent Peak, 10603 Cascade Creek, 10631 Cascade Creek

Purchase Price:$902,000

Cash Outlay:$243,540

Cashflow:$897/mo

Cap Rate:6.59%

IRR:16.18%