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General Description
minimizeUnique opportunity to own a solid & well maintained investment property with two residential units & one commercial unit on a spacious corner lot. 2 of the 3 units have longstanding tenants. The commercial space, 1122 45th St., is currently leased to Knapp Flower Shop, a Galveston landmark that has operated from this location since 1947. Business is not for sale. It has 3,940 sq.ft., an attached 3 car garage used for storage, & it’s own entrance on 45th Street. The 2nd unit, 4426 Ave. L is a 3/2.5 in 1,447 sq.ft. that has a private entrance through a lovely garden courtyard, separate utility meters, and 2 screened balconies. The shared garden area is also accessible from the 3rd unit, 4428 Avenue L that is a 3/2.5ba. in 2,340 sq.ft. It has a front entrance on Ave L & original hardwood flooring upstairs. It is currently open & ready for a new owner; it could be a spacious family home with expenses fully covered by the rental income from the other two units. Make your appointment today.
Rooms/Lot Dimensions
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 | $69.24 | $535,000 | 0.00% | $535,000 | 0.00% |
| 2022 | $69.24 | $535,000 | -20.15% | $535,000 | -20.15% |
| 2021 | $86.71 | $670,010 | 35.36% | $670,010 | 35.36% |
| 2020 | $64.06 | $495,000 | 13.79% | $495,000 | 13.79% |
| 2019 | $56.30 | $435,000 | 113.14% | $435,000 | 113.14% |
| 2018 | $26.41 | $204,090 | $204,090 |
2023 Galveston County Appraisal District Tax Value
| Market Land Value: | $126,120 |
| Market Improvement Value: | $408,880 |
| Total Market Value: | $535,000 |
2023 Tax Rates
| GALVESTON COUNTY: | 0.3342 % |
| GALVASTON COLLEGE: | 0.1240 % |
| NAVIGATION DIST 01: | 0.0254 % |
| COUNTY ROAD/FLOOD: | 0.0078 % |
| GALVASTON ISD: | 0.8475 % |
| GALVESTON CITY: | 0.4089 % |
| Total Tax Rate: | 1.7477 % |
Estimated Mortgage/Tax
minimize| Estimated Monthly Principal & Interest (Based on the calculation below) | $ 2,097 |
| Estimated Monthly Property Tax (Based on Tax Assessment 2023) | $ 779 |
| 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
minimize1122 45th Street Galveston TX 77550 was recently sold. It is a 7,727 SQFT, in Galveston Townsite.
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