06/14/2021
Highly Profitable Short-Term Vacation Rental Properties Available in Galveston Island, Texas
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INVESTMENT HIGHLIGHTS
2 Seasoned and highly profitable vacation rental properties
Newly renovated and furnished 2019 (all appliances and furnishings included)
72% Occupancy Rate, 1.5% Booking Rate, 8.75% Cap Rate
Asking $990,000 (1SFR,1Duplex) – properties can be purchased individually
EXECUTIVE SUMMARY
Property Research Group, LLC is unloading a portion of our portfolio to participate in a development project on the island. The sale includes the Real Estate, all furnishings, future bookings and all our 3rd party/vendor relationships if needed.
Galveston Island’s resort/bed and breakfast atmosphere has been around 100 + years. Long before Airbnb or any of the popular rental platforms. Poised in culture and history, Galveston has over 50 live attractions, including some of the popular destinations: Pleasure Pier, Schlitterbahn Water Park, Moody Gardens, world class fishing, many fine dining restaurants, and beach hangouts. Galveston also has one of the country’s largest cruise ports, with Carnival, Royal Caribbean and Disney cruise lines all offering various destinations. 2 peak seasons (Spring, Summer).
PRG's offshoot Property Management company abetterwaytostaygtx.com can continue to manage the portfolio allowing you a passive Investment approach.
PRG also has other properties under option contract, with an assignable and equitable interest to purchase.
Request for more info, Questions, Make an Offer, Come and visit us!
Contact Rob at 713-384-9292 or [email protected]
