5703 Fraser Ave

Discover a fantastic investment opportunity at 5703 Fraser Ave in desirable Galveston. This beautifully remodeled 3-bedroom, 2-bath home features 1,626 sqft of modern elegance, including an updated HVAC system. Although the roof needs replacement, the property is otherwise move-in ready. With an ARV of $410,000, this home offers great potential and value. Don’t miss your chance to own a stylish home in a sought-after neighborhood!Excellent buy and hold, rental income, Air BNB and much more. Property Details; • Beds: 3 • Baths: 2 • Size: 1,626 sqft • Single-Family House • Year Built: 1947 • Asking Price: $235,000 • ARV (After Repair Value): $410,000 Bonuses: Lot next to the property comes with it. Plenty of space to build an ADU. 1. Benefits of an ADU are: 2. Increased Property Value: 3. On average, an ADU can increase the property's value by approximately 20-30%. For example, if the main property is valued at $500,000, an ADU could add an additional $100,000 to $150,000 in value. 4. Rental Income Potential: 5. An ADU can generate rental income, which is attractive to potential buyers. The rental income potential can vary widely but typically ranges from $1,000 to $3,000 per month, depending on the location and size of the unit. 6. Family oriented: 7. Great for multi-generational living spaces, guest houses, or rental income opportunities. Comps: • 5724 Fraser Ave, Galveston 77551 Sold for $418K • 5716 Fraser Ave, Galveston 77551 Sold for $404K • 5728 Avenue R, Galveston 77551 Sold for $391K For additional pictures please let me know. Or we can set a time to view the property. ****This property is an Assignment of Contract.**** EMD $5,000.00