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Active STR/MTR Duplex with Strong Booking History 1 Mile from the Beach and Pier

811 24th St, Galveston

ROI

35.14% IRR

Strategy

Short Term Rental

Active STR/MTR duplex with strong booking history 1 mile from the beach and pier. Owner lives in one unit, other is an active vacation rental. Renovated with a brand new roof, decks, bathrooms, kitchens, floors, paint, fixtures. Downstairs unit includes furnishings. Two story 1,966 sq ft duplex with 2 beds and 1 bath per unit. Owner lives upstairs, downstairs is an active vacation rental and includes all furnishings. Strong booking history with $3300/mo rent rates as a m2m.

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Active STR/MTR Duplex with Strong Booking History 1 Mile from the Beach and Pier

Listed 09/27/2023

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811 24th St, Galveston

Purchase Price:$430,000

Cash Outlay:$126,100

Cashflow:$1,793/mo

Cap Rate:10.83%

IRR:35.14%

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