Retire by the Beach - Turnkey Opportunity

Have you ever considered moving to the beach and running a bed and breakfast? We did it, and you can too. This site will show you how we did it, and how you can continue this endeavor.

Photos.

The Investment.

This is your chance to run a Bed and Breakfast and spend everyday on the beach.If we weren't moving across the country, we would continue this endeavor. This is how we would expect to make approximately $40,000 per year on this property:

1. The back apartment rents at fair market value. For FY 2024, the GHA has indicated that fair market value stands at $1135 per month for a one bedroom home. *GHA Rates
2. The two bedrooms, separated by a locked door, with its own entry, rented on AirBnb in 2023 for approximately $10,000. This was only rented part time and more frequently through the months of June and July. With increases in rental rates, and renting for 10-12 months annually, we would expect to earn $20,000 to $22,000 per year from AirBnb.
3. We lived on the opposite side of the house full time saving another $1000 to $1500 in rent per month. You could use this home as an income generating vacation home, or your full time home and make good money while enjoying the beach life in Galveston, TX.

At an investment of $450K, your CAP rate could be as high as 10%! This is an incredible opportunity to make money and have a great lifestyle! As a bonus - the front house will be sold furnished, so you can start earning money, or living by the beach right away. Please note that the furniture in the pictures is not the furniture currently in the home. Schedule a visit to see exactly what furniture goes with the home.

Important: Note also that 5113 Ave R 1/2 sits in the rare X-Zone elevation on Galveston Island. Most mortgage lenders do not require flood insurance in this zone. *Arcgis Floodzones

The Life

Step outside your front door and walk, bike or drive to the beach, or the Rainforest Cafe. This is the beach life you have always talked about! Living in Galveston is the best! We used to provide our guests with this guidebook to show them around - LK's Guidebook

However, due to a move across the country, we are selling our investment and home. We hope that you find it as fulfilling as we did!

Contact

Please contact Pia Sikes at (281) 686-2203 to see this property.