1102 8Th St Galveston, TX 77550

Property Details for 1102 8Th St

Year built

1945

Lot size

1.00 lot acres

Property size

2,800 SF

Property type

Commercial real estate

APN

3505-0067-0001-000

Description

This exceptional 10-unit apartment building presents a lucrative investment opportunity in the thriving Galveston, Texas market. Located at 1102 8th St, this property boasts a prime location, just across the street from the iconic Seawall and a short walk to the vibrant Strand entertainment and shopping district. The complex comprises five buildings, each two stories high, totaling 2,800 square feet on a one-acre lot. Built in 1945, the property offers 12 parking spaces, providing ample convenience for residents and guests. Currently configured as a successful short-term rental operation, all furnishings are included in the sale, making this a turnkey investment. The property's proximity to the beach, restaurants, bars, and shops ensures high occupancy rates and strong rental income. The East End of Galveston is experiencing significant growth, making this a particularly attractive investment in a rapidly appreciating market. The asking price is $1,200,000, representing a price per square foot of $500. The property's APN is 3505-0067-0001-000. This is a rare chance to acquire a well-established, high-performing multifamily property in one of Galveston's most desirable locations. The property's strong rental history and prime location make it an ideal investment for both seasoned investors and those new to the market. Don't miss this opportunity to own a piece of Galveston's vibrant coastal scene.