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For Sale 77550 Galveston

1112 Avenue M 1/2

Galveston, TX 77550

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For Sale

Under Contract - OP

$749,500

Est. Mortgage 4,058/month

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2,857 Sqft. ($262/Sqft.)

7,716 Lot Sqft

Multi-Family - Fourplex

52 Day(s) on Market

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Description

LOCATION! LOCATION! LOCATION! Just steps away from the beach, this one-of-a-kind property is waiting for its new, unique owner. This very solid, home features brick construction, which is very desirable to have on the Island. The former owner was an accomplished artist and his original, custom artwork and features will make you feel like you have just stepped into an Italian masterpiece. This house is perfect for parties and entertainment - imagine all the family gatherings and reunions waiting for your hosting talents! One block from Seawall, this ranch-style home has 3 bedrooms, 2.5 baths, with a formal living room, family room, plus an oversized den. Passive income can be earned with the 3 rental units located in the back of the property - all units are currently rented. Garage access from alley. The main home has recently been re-piped with Pex A piping. Second home, investment property, short-term vacation rental, mother-in-law quarters - the possibilities are endless!

MLS#

49183579

List Price

$749,500 ($262/Sqft.)

Listing Status

Under Contract - OP

Address

1112 Avenue M 1/2

City

Galveston

State

Zip Code

77550

County

Galveston County

Subdivision

Galveston Outlots (View subdivision price trend)

Legal Description

ABST 628 M B MENARD SUR LOT 10 & E 1/2 OF LOT 11 NE BLK 23 G

Property Type

Multi-Family - Fourplex

Stories

Building Size

2,857 Sqft/Appraisal District

Year Built

1975 /Appraisal District

Lot Size

7,716 Sqft./Appraisal District

Key Map©

775P

Market Area

East End

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PRESENTED BY

Jimmy Simien Platinum

4.94 / 5 (623 surveys)

Simien Properties

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Exterior

Roof

Composition

Exterior Type

Brick, Wood

Lot Description

Water View

Water Amenity

Gulf View

Interior

Floors

Carpet, Tile

Cooling

Central Electric, Window Units

Heating

Central Gas, Window Unit

Dishwasher

Yes

Microwave

Yes

Energy Feature

Ceiling Fans

Lot information

Lot Size

7,716 Sqft. /Appraisal District

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Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy

Additional information

List Type

Exclusive Right to Sell/Lease

Unit Feature

Balcony,Window Coverings

Buyer Agent Compensation*

Sub Agent Compensation*

2.5%

*Disclaimer: Listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Financial

Other Fees

Maintenance Fee

Taxes w/o Exemp

$14,746/2023

Tax Rate

1.7477

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Estimated electricity cost

Analysis for

1112 Avenue M 1/2

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Property tax

Cost/Sqft based on tax value

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Down Payment Assistance

This property may be eligible for 10 programs and up to $35,601 in down payment assistance. See More →

Mortgage

Create and estimate your monthly mortgage payment and property taxes, based on past rates.

Estimated Monthly Payments

LIST PRICE

DOWN PAYMENT

Amount

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Months

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Annual Interest Rate Estimated Monthly Principal & Interest

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Monthly Homeowner's Insurance Monthly PMI (Private Mortgage Insurance) Monthly HOA fees

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Listing Tax	Numbers
Principal & Interest	2,841
Taxes	1,242

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Subdivision Facts

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Market update video

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Schools

School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.