Completely Remodeled Investment Opportunity | 1801 Rosenberg St
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Completely Remodeled Investment Opportunity 1801 Rosenberg St
7 Unit Block of Flats £2,026,546 (£289,507/Unit) 6.51% Net Initial Yield Galveston, TX 77550
Investment Highlights
- New roofs, HVAC, electric, plumbing, reinforced structural components, and upgraded exterior and interiors
- Ideal investment for short term or long term rental
- 12 bedrooms, 12 full bathrooms, 3 half bathrooms
- Located blocks from GP Cruise Terminals, Galveston Strand, Pleasure Pier, and the Seawall
- Galveston Island hosts over 8 million visitors annually
- Includes new kitchen appliances and washer and dryers
Executive Summary
1801 Rosenberg St Galveston TX 77550 is a fully renovated, 7-unit multi-family property ideally suited for short-term rentals (Airbnb) or long-term leasing. Located in Galveston, a prime destination for tourism, this property offers an exceptional opportunity for high cash flow, especially with its strong potential for short-term rentals.
The buildings have been meticulously upgraded with high-end materials and finishes throughout, including brand-new kitchens with modern appliances, upscale bathrooms, new HVAC, plumbing, and electrical systems, as well as reinforced structural elements for added durability. Each unit is separately metered for electricity, providing convenience and efficiency for both owners and tenants.
With its prime location near local attractions, this property is just minutes from Port Cruise Terminals, Pleasure Pier, Seawall Boulevard, making it a highly desirable choice for vacationers and long-term residents alike.
Whether you're looking for a reliable investment with strong rental demand or a property ready to generate high short-term rental income, this listing offers tremendous potential.
The buildings have been meticulously upgraded with high-end materials and finishes throughout, including brand-new kitchens with modern appliances, upscale bathrooms, new HVAC, plumbing, and electrical systems, as well as reinforced structural elements for added durability. Each unit is separately metered for electricity, providing convenience and efficiency for both owners and tenants.
With its prime location near local attractions, this property is just minutes from Port Cruise Terminals, Pleasure Pier, Seawall Boulevard, making it a highly desirable choice for vacationers and long-term residents alike.
Whether you're looking for a reliable investment with strong rental demand or a property ready to generate high short-term rental income, this listing offers tremendous potential.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£151,169
|
£18.70
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£151,169
|
£18.70
|
| Taxes |
£12,575
|
£1.56
|
| Operating Expenses |
£6,573
|
£0.81
|
| Total Expenses |
£19,147
|
£2.37
|
| Net Operating Income |
£132,022
|
£16.34
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £151,169 |
| Annual Per SF | £18.70 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £151,169 |
| Annual Per SF | £18.70 |
| Taxes | |
|---|---|
| Annual | £12,575 |
| Annual Per SF | £1.56 |
| Operating Expenses | |
|---|---|
| Annual | £6,573 |
| Annual Per SF | £0.81 |
| Total Expenses | |
|---|---|
| Annual | £19,147 |
| Annual Per SF | £2.37 |
| Net Operating Income | |
|---|---|
| Annual | £132,022 |
| Annual Per SF | £16.34 |
Property Facts
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Washer/Dryer
- Ceiling Fans
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+3.5 | 1 | £2,504 | 1,300 |
| 1+1 | 3 | £1,213 | 575 - 670 |
| 2+2 | 1 | £2,073 | 850 |
| 2+2.5 | 2 | £2,191 | 790 - 1,120 |
Walk Score ®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 3510-0066-3006-002 | Total Assessment | £719,541 (2023) |
| Land Assessment | £49,232 (2023) | Annual Taxes | £12,575 (£1.56/sf) |
| Improvements Assessment | £670,309 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
3510-0066-3006-002
Land Assessment
£49,232 (2023)
Improvements Assessment
£670,309 (2023)
Total Assessment
£719,541 (2023)
Annual Taxes
£12,575 (£1.56/sf)
Tax Year
2024
zoning
| Zoning Code | Multi-Family Commercial |
| Multi-Family Commercial |
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Completely Remodeled Investment Opportunity | 1801 Rosenberg St
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