5015 Avenue M, Houston, Texas 77551
$399,990
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About 5015 Avenue M
Welcome to 5015 Avenue M, a strategically located triplex offering an exceptional opportunity for investors seeking steady rental income in the heart of Galveston, TX. This property consists of three separate units, each uniquely designed to maximize comfort and functionality while ensuring a lucrative return on investment. Unit one (the front main house) consists of four bedrooms and two bathrooms, central AC, storm shutters, and vinyl flooring. Units two and three in the back of the property include two bedrooms and one bathroom, recently renovated with updated kitchens and bathrooms with vinyl flooring. Consistently high occupancy rates with long-term tenants. Rental income of $4676 total per month, with potential for rent increases in line with market trends. Whether you're a seasoned investor looking to expand your portfolio or a newcomer to real estate investment, this triplex represents a rare opportunity to acquire a turnkey property with immediate income potential!!
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Highlights
- 5015 Avenue M
- $399,990
- Multi-Family
- 2,859 Home Sq Ft
- Houston 77551
- 4 Beds
- 2 Full Baths
- 5,996 Lot Sq Ft
General Description
- Listing Price $399,990
- City Houston
- Zip Code 77551
- Subdivision Denver Resurvey
- Listing Status Active
- Baths 2 Full Bath(s)
- Stories 1
- Year Built 1953 / Appraisal District
- Lot Size 5,996 / Appraisal District
- MLS # 54773632 (HAR)
- Days on Market 75 days
- Total Days on Market 75 days
- List Price / Sq Ft $139.91
- Address 5015 Avenue M
- State Texas
- County Harris
- Property Type Multi-Family
- Bedrooms 4
- Garage 0
- Building Sq Ft 2,859
- Market Area Midtown - Galveston Area
- Key Map 774T
- Area 33
Taxes & Fees
- Tax ID296500420006000
- Tax Rate1.7477%
- Taxes w/o Exemption/Yr$8,840 / 2023
- Maint FeeNo
Interior Features
- FireplaceNo
-
Heating
Central Electric,
Window Unit
-
Cooling
Central Gas,
Window Units
- DishwasherMaybe
- RangeYes
- DisposalMaybe
- MicrowaveMaybe
- LoftMaybe
Exterior Features
-
Roof
Composition
- Private PoolMaybe
- Area PoolMaybe
- New ConstructionNo
- Listing FirmFairdale Realty
Schools (GALVES - 22 - Galveston)
Name |
Grade |
Great School Ranking |
Performance Index |
Distinction Designations |
Other |
Elementary |
None of 10 |
None of 4 |
None of 7 |
Other |
Middle |
None of 10 |
None of 4 |
None of 7 |
Ball High |
High |
4 of 10 |
4 of 4 |
0 of 7 |
School information is generated by the most current available data we have. However, as school boundary maps can change, and schools can get too crowded (whereby students zoned to a school may not be able to attend in a given year if they are not registered in time), you need to independently verify and confirm enrollment and all related information directly with the school.
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