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801 E Beach Dr, Galveston, ...

Updated Dec 21, 2023

Galveston Condo At 801 E Beach Dr Sold For $Undisclosed With Buyer's Rep Melaine Anderson
SOLD

Galveston Condo At 801 E Beach Dr Sold For $Undisclosed With Buyer's Rep Melaine Anderson

801 E Beach Dr, Galveston, TX, USA

Building Size

2,689 SF

Asset Type

Closing

Aug 3, 2020

About this deal

AI

A residential condo located at 801 E Beach Dr Unit TW2305 in Galveston was recently sold. The sale took place on 08/04/2020, according to records. The property, spanning 2,689 square feet, is situated in the Galveston market. The transaction was facilitated by Melaine Anderson of Anderson Realty Advisors, LLC.

Summary of transation details

  • Property Type: Residential, Condo
  • Transaction Date: 08/04/2020
  • Address: 801 E Beach Dr Unit TW2305, Galveston
  • Market: Galveston
  • Broker: Melaine Anderson - Anderson Realty Advisors, LLC
  • Square Footage: 2,689

Melaine Anderson of Anderson Realty Advisors, LLC played a pivotal role in successfully closing the sale of this residential condo in Galveston. It is worth noting that Anderson Realty Advisors, LLC is known for their expertise in the local real estate market.

Players

Melaine Anderson

Broker

1 deal

Broker

Galveston CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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