Investor opportunity in the desirable West End of Galveston! This portfolio includes 7 income-producing condos at The Palms, just a short walk from the beach-an ideal location for both long-term and future rental potential. The offering consists of three 2-bedroom/1-bath units, two 1-bedroom/1-bath units, and one efficiency, providing a strong mix to appeal to a wide tenant base. The Palms community offers attractive amenities including a community pool and fitness center, enhancing tenant retention and demand. Currently, the portfolio features two month-to-month leases and five one-year leases, allowing for immediate cash flow with tenants who wish to remain long-term, while still offering flexibility for future plans. Whether you're expanding your investment holdings or seeking a value-add opportunity near the beach, this portfolio delivers location, stability, and upside in one smart package.
Property Features
Bedrooms
- Bedrooms: 1
- Primary Bedroom Dimensions: 14'8" x 11'7"
- Primary Bedroom Level: Second
Other Rooms
- Total Rooms: 4
- Living Room Dimensions: 13'1" x 12'10"
- Living Room Level: First
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Appliances
Heating and Cooling
- Cooling Features: CentralAir, Electric
- Fireplace Features: GasLog
- Heating Features: HeatPump
- Heating: Yes
- Number of Fireplaces: 1
Kitchen and Dining
- Dining Room Dimensions: 8'9" x 7'6"
- Dining Room Level: First
- Kitchen Dimensions: 8'4" x 7'1"
- Kitchen Level: First
Land Info
- Lot Size Acres: 0.02
- Lot Size Source: Appraiser
- Lot Size Square Feet: 732
Garage and Parking
- Parking Features: AdditionalParking
Homeowners Association
- Association: Yes
- Association Fee: 431
- Association Fee Frequency: Monthly
- Association Fee Includes: CommonAreas, CableTv, Insurance, MaintenanceGrounds, MaintenanceStructure, RecreationFacilities, Sewer, Trash, Water
- Calculated Total Monthly Association Fees: 431
- Association Name: The Palms HOA
School Information
- Elementary School: GISD OPEN ENROLL
- Elementary School District: 22 - Galveston
- High School: BALL HIGH SCHOOL
- High School District: 22 - Galveston
- Middle School: GISD OPEN ENROLL
- Middle or Junior School District: 22 - Galveston
Rental Info
Amenities and Community Features
- Community Features: CommunityPool
Other Property Info
- Annual Tax Amount: 3032
- Source Listing Status: Active
- County: Galveston
- Directions: Seawall West to Cove View Blvd, right on Cove View. The Palms is on the right.
- Tax Year: 2025
- Source Property Type: Residential
- Area: 33
- Property Subtype: condo
- MLS Area Minor: Near West End
- Source Neighborhood: Palms At Cove View Condo
- Parcel Number: 5577-0000-0406-000
- Postal City: Galveston
- Postal Code Plus 4: 8019
- Subdivision: Palms At Cove View Condo
- Property Subtype: Condominium
Building and Construction
- Year Built: 1983
- Construction Materials: CementSiding
- Foundation Details: Slab
- Levels: One
- Living Area Source: Appraiser
- Property Age: 42
- Roof: Composition
- Levels or Stories: 1
- Building Total Stories: 1
- Year Built Source: PublicRecords
- Architectural Style: Traditional
Utilities
- Sewer: PublicSewer
- Water Source: Public
