Listing Summary
“Cozy Corner 8” presents a rare opportunity to acquire a fully renovated, income-producing 8-unit multi-family property in the heart of Galveston, TX.
Full Description
Coastal Cash Flow: Turn-Key 8-Unit Multi-Family Investment in Galveston, TX
"Cozy Corner 8" offers investors a rare, fully renovated, and stabilized 8-unit multi-family property in the high-demand Galveston rental market. This turn-key asset provides immediate cash flow with versatile leasing options and professional management already in place.
Key Investment Highlights:
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Fully Renovated & Income Producing: All eight units are one-bedroom, one-bath (approx. 594 SF) and are equipped with individual A/C units.
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Flexible Leasing Strategy: Currently operating with a highly profitable mixed-use model—combining high-yield short-term Airbnb rentals (four units furnished, two actively listed) and stable long-term leases.
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Targeted Tenant Pipeline: Demand is boosted by active listings on Furnished Finder, catering specifically to medical professionals and UTMB interns, leveraging the 84-acre UTMB campus (2,500+ students/staff) nearby.
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Worry-Free Ownership: Professional property management handles tenant retention, rigorous screening (credit/background checks), and operations.
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Tenant Amenities: Features include off-street parking, private rear yard access, and attractive mature landscaping.
Strategic Location: Situated at the corner of Avenue O and 51st Street, the property benefits from consistent year-round rental demand driven by Galveston’s robust economy (tourism, healthcare, shipping). Enjoy close proximity to The Strand, UTMB, the Port of Galveston Cruise Terminal, and Galveston's renowned beaches. A stable asset offering strong appreciation potential and flexible occupancy models.
Quick Glance
- Listing ID:
CL-Texas-27144
- Status:
Active
- Year Build:
1978
- Building Size:
4,752 SqFt
- Lot Size:
6,956.00 Acre