Value-Add Duplex in Galveston with $350k ARV and Solid STR Potential

3616 Avenue M ½, Galveston
ROI
28.53% IRR
Strategy
Short Term Rental
Value-add duplex in Galveston with $350k ARV and solid STR potential. Needs foundation repair, roof repair/replacement, and misc other repairs. 1,544 sq ft duplex built in 1975 with one 2bd/1ba downstairs and one 1bd/1ba upstairs unit. In need of rehab work. Foundation repairs, roof repair/replacement, some wood rot, electrical work, etc. Inspection report available.

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Value-Add Duplex in Galveston with $350k ARV and Solid STR Potential

Listed 06/20/2023

3616 Avenue M ½, Galveston

Purchase Price:$199,000

Cash Outlay:$103,730

Cashflow:$1,546/mo

Cap Rate:12.05%

IRR:28.53%

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