Galveston, Galveston, TX 77554

Two newer buildings on one lot, walking distance to the Galveston beach: a rented single-family house plus a 2-unit duplex, with income in place from day one. Property Overview House: 2 bed / 2 bath, approx. 1,127 sq ft, built 2013. Leased through June 30, 2028 at $2,100/mo (signed lease extension on file); sale is subject to this lease. Duplex: 4 bed / 4 bath total, approx. 1,520 sq ft, built 2020. Unit 2 pays $1,400/mo on a lease ending November 2026 (not renewing). Unit 1 is vacant; last rent $1,350/mo. Combined: 6 bed / 6 bath, 2,647 sq ft on one parcel. Previously operated as an Airbnb. Condition Roof (house): replaced about 2 years ago HVAC (house): replaced about 2 years ago Appliances: about 1 year old Duplex: built 2020 All systems reported working by the seller Numbers Asking price: $400,000 ARV: $500,000 (combined, covers both buildings on the lot) Rent roll at full occupancy: $4,850/mo, $58,200/yr (House $2,100, Duplex Unit 1 $1,350, Duplex Unit 2 $1,400) Rent in place today: $3,500/mo, $42,000/yr Annual expenses: $9,711 (real estate taxes $6,075, windstorm insurance $2,285, landlord insurance $1,351) NOI at full occupancy: about $48,489/yr, roughly a 12.1% cap rate at the $400,000 asking price Expenses shown are taxes and insurance only. They do not include management, maintenance, vacancy or utilities. Closing: on or before November 30, 2026 Rent roll, operating expense sheet and signed lease extension available on request. Text or call Miguel. Why It Works About $58K/yr gross rent potential across 3 doors against about $9.7K/yr in taxes and insurance Long-term tenant in the house through June 2028 at $2,100/mo, with a signed lease extension on file Duplex units can be re-leased at market or returned to short-term rental use Newer construction (2013 and 2020) with recent roof, HVAC and appliances Walking distance to the beach Text or call Miguel to walk it. First come, first served. Disclosure: We are marketing our equitable interest in a contract to buy this property. We do not own the property and are not selling title.