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General Description
minimizeInvestment Opportunity on Galveston Island near the tourist destination "25th Street Pleasure Pier" and the Seawall. Eight units that are each two bedrooms with one full bath. Each unit is approximately 728 square feet and have spacious kitchen and living areas. The property historically has been an apartment complex, but has been vacant and extensively renovated over the past year and a half. The new owner may want to vacation rental each unit, convert to condominiums or keep as apartments (Buyer to confirm city permitting). Most of the units were taken down to partial sheetrock. The renovations are very extensive and some of the big items are new roof, new Hardi siding, 8 new AC units, upgraded electrical, flooring, appliances, kitchen remodels, moen faucets, high efficiency Jacuzzu toilets, Trex decking on upper balcony and landscaping. This is a rare opportunity to own an income producing property near the seawall and Pleasure Pier.
Interior Features
Exterior Features
Additional Information
Financial Information
Selling Agent and Brokerage
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Property Tax
minimizeMarket Value Per Appraisal District
Cost/sqft based on Market Value
| Tax Year | Cost/sqft | Market Value | Change | Tax Assessment | Change |
|---|---|---|---|---|---|
| 2023 | $113.85 | $662,600 | -8.28% | $662,600 | -8.28% |
| 2022 | $124.12 | $722,400 | 33.24% | $722,400 | 33.24% |
| 2021 | $93.15 | $542,160 | 85.99% | $542,160 | 85.99% |
| 2020 | $50.09 | $291,500 | -11.65% | $291,500 | -11.65% |
| 2019 | $56.69 | $329,940 | 8.72% | $329,940 | 8.72% |
| 2018 | $52.14 | $303,470 | 1.02% | $303,470 | 1.02% |
| 2017 | $51.62 | $300,420 | 0.01% | $300,420 | 0.01% |
| 2016 | $51.62 | $300,400 | 43.67% | $300,400 | 43.67% |
| 2015 | $35.93 | $209,090 | 3.33% | $209,090 | 3.33% |
| 2014 | $34.77 | $202,350 | 0.00% | $202,350 | 0.00% |
| 2013 | $34.77 | $202,350 | 0.00% | $202,350 | 0.00% |
| 2012 | $34.77 | $202,350 | $202,350 |
2023 Galveston County Appraisal District Tax Value
| Market Land Value: | $94,690 |
| Market Improvement Value: | $567,910 |
| Total Market Value: | $662,600 |
2023 Tax Rates
| GALVESTON COUNTY: | 0.3676 % |
| GALVASTON COLLEGE: | 0.1320 % |
| NAVIGATION DIST 01: | 0.0285 % |
| COUNTY ROAD/FLOOD: | 0.0084 % |
| GALVASTON ISD: | 1.0350 % |
| GALVESTON CITY: | 0.4445 % |
| Total Tax Rate: | 2.0161 % |
Estimated Mortgage/Tax
minimize| Estimated Monthly Principal & Interest (Based on the calculation below) | $ 6,015 |
| Estimated Monthly Property Tax (Based on Tax Assessment 2023) | $ 1,113 |
| Home Owners Insurance | Get a Quote |
Subdivision Facts
minimize2023 Subdivision Facts
Schools
minimizeSchool 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.
ASSIGNED SCHOOLS
Good |
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Property Map
minimize2002 27th Street Galveston TX 77550 was recently sold. It is a 5,820 SQFT, in Galveston Outlots.
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