This exceptional property offers a rare opportunity for investors seeking a high-performing asset with substantial upside potential. Two-thirds of the property is already leased, providing stable, consistent rental income. Newly converted 1-bedroom apartment. The remaining third of the property is currently configured as a dog grooming business, which can be easily converted into a 2-bedroom apartment or another commercial use, maximizing the property’s revenue potential. Recent Improvements: Upgraded interior finishes enhance tenant appeal. Ideal for owner-operators to live onsite while generating rental income or for investors to lease all units for maximum ROI. High-Traffic Location: Proximity to local businesses and community hubs drives demand for both residential and commercial tenants. Additional revenue streams by repurposing the underutilized space. This is a unique opportunity to acquire a property with a proven income history excellent location with room for growth.
MLS # | 39647264 |
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Listing Type | For Sale |
Style | House |
Sub-Type | Resale |
Status | Active |
Year | 1982 |
Days On Site | 520 |
Listing Provided By | Keller Williams Realty Southwest | Amy Wokoun |
Bed(s) | 2 |
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Bath(s) | 2 Total |
SQ Feet | 2,284 |
Pool | Yes |
Story(s) | 1 |
Acreage | 0.76 |
State | TX |
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County | Galveston |
City | Santa Fe |
Zip Code | 77510 |
Area | 33 |
Subarea | Santa Fe |
Community Name | Thamans 1st Sub |
School District | 45 - Santa Fe |
Elementary School | WILLIAM F BARNETT ELEMENTARY SCH |
Middle School | SANTA FE JUNIOR HIGH SCHOOL |
High School | SANTA FE HIGH SCHOOL |
Listing VS Median (in Thamans 1st Sub) | |
Price: $350,000 low | high Med: $542,500 SqFt: 2,284 low | high Med: 3,051 $ / SqFt: $153 low | high Med: $185 On site: 520 low | high Med: 34.500000 |