Cash Flowing Property with value add opportunities!
Low expenses and below market rates give investors the perfect opportunity to increase their ROI and CoC returns.
Currently, all utilities are included with the monthly payment. A savvy investor could add electric meters to each site to decrease revenue. An alternative plan would be to institute a RUBs policy and charge tenants a flat monthly rate.
Continue the current owner's work by improving the aesthetics of the property. Doing so could increase the ability to raise rents and decrease turnover.
This property is located in coastal community located in Galveston County, known for its proximity to Galveston Bay and the Gulf of Mexico.
Nearby attractions include the Kemah Boardwalk, a popular entertainment district with restaurants and amusement rides, just a short drive away.
The property is in a growing community with a mix of residential and commercial properties, providing a potential customer base for businesses in the area.
The location offers opportunities for businesses catering to tourists, recreational enthusiasts, and local residents seeking dining and entertainment options thus creating a great population for those needing long-term housing solutions.
