Discover the Perfect Investment Opportunity in Galveston
Are you searching for a lucrative investment opportunity in the real estate industry? Look no further than this income-producing property known as the Blue Lagoon on Bernardo de Galvez in Galveston, TX. With a listing price of $439,000, this property is the perfect opportunity to enjoy the island life while generating income from short-term rentals and stable long-term tenancy.
Located just a stone's throw away from the beach and Pleasure Pier, this property consists of two units. The bottom unit is a spacious 2-bedroom, 1.5-bath home that is an active short-term rental. It has been completely renovated, including updates to the central HVAC, electrical panels, plumbing, paint, tile flooring, appliances, and fixtures. Furnishings are included in the turn-key unit, making it an attractive buy for prospective tenants. The kitchen features a gas range, stainless steel fridge, microwave, and built-in wood shelves. The custom backsplash and indoor utility room add to the convenience and comfort of this unit.
The second bedroom in the bottom unit is currently being used as a bunk room, making it ideal for vacationing families or groups of friends. The bottom unit generates income from short-term rentals, making it a great investment opportunity for those looking to break into the Airbnb market.
The upper unit is a 2-bedroom, 1-bath home with a long-term lease in place until January 1, 2024. This provides a stable source of income for the property owner, making it a great opportunity for those looking for a long-term investment. With both short-term and long-term tenancy options available, this property offers flexibility to the owner.
The Blue Lagoon on Bernardo de Galvez has undergone extensive remodeling, making it a modern and attractive option for tenants. The property boasts high-end finishes and appliances, making it a comfortable and convenient living space. With the turn-key bottom unit and the stability of the long-term lease on the upper unit, this property is a no-brainer for those looking to invest in Galveston's real estate market.
Investing in real estate can be a daunting task, but the Blue Lagoon on Bernardo de Galvez offers a low-risk opportunity with high potential rewards. The property is already generating income, making it a smart investment for those looking to generate passive income or expand their real estate portfolio.
Don't miss out on the opportunity to invest in the Blue Lagoon on Bernardo de Galvez. Schedule a showing around the Airbnb calendar to see the property in person and discover the possibilities of this amazing investment opportunity.
