1902 Ursuline ST Active

Galveston,TX 77550

$ 625000

2 Beds

2 Baths

2896 SqFt


Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,896 sqft

Price per Sqft $215

Subdivision Galveston Outlots

MLS Listing ID 2606796

Bedrooms 2

Full Baths 2

Year Built 1957

Annual Tax Amount $7,958

Tax Year 2023

Lot Size 2,336 Sqft

Property Description

Excellent turnkey investment opportunity with a 6.9% capitalization rate, fully leased and ready for a new owner. This historic property on Galveston Island, Texas, features a charming corner store on the first floor with a spacious second-floor residence. Enjoy the blend of commercial and residential spaces in a vibrant location near the Gulf of Mexico’s beautiful beaches and Galveston’s quaint downtown. Galveston Island is part of the Houston metropolitan area, strategically located close to Mexico and the Gulf Coast, benefiting from Houston’s economic drivers in maritime, energy, aerospace, and healthcare. Nearby, the University of Texas Medical Branch (UTMB), a renowned health sciences center since 1891, anchors the community with a large campus and multiple hospitals. Contact us today for inquiries and to schedule a visit.

Location

State TX

County Galveston

Area East End

Interior

Heating Central Gas

Cooling Central Electric,Window Units

Flooring Concrete,Tile,Wood

Exterior

Roof Type Composition

Building

Lot Description Corner

Story 2

New Construction No

Schools

Elementary Schools Gisd Open Enroll

Middle Schools Gisd Open Enroll

High Schools Ball High School

School District 22 - Galveston

Others

Special Listing Condition Sellers Disclosure

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