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Galveston Triplex $575k

5315 Avenue R, Galveston
ROI
23.25% IRR
Strategy
Long Term Rental
Fully occupied and generating $5,550 per month. No vacancy risk. One of the rare locations on Galveston Island outside of the 100-year flood plain. Taxes are less than 1x monthly income! Midwest-style numbers with Texas-sized appreciation and landlord friendliness. Asking price is $595k. I suggest an offer of $570k and expect to land between $575k–$580k. Taxes $5,007.

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Galveston Triplex $575k

Listed 01/27/2025

5315 Avenue R, Galveston

Purchase Price:$575,000

Cash Outlay:$155,250

Cashflow:$1,230/mo

Cap Rate:8.56%

IRR:23.25%

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