Auction Information
8 Stunning Condos Just off the Strand! - Income Producing
8 Stunning Condos Just off the Strand! - Income Producing
Experience historic Galveston in the heart of it all! The Meilleur is a collection of modern loft-style condominiums in a building constructed in the 1800s less than two blocks from the Strand. The Meilleur was beautifully remodeled to provide eight individual condominiums. Renovation began in 2020 and was completed in 2021.
Each flat comes fully furnished with very tasteful, modern furniture. These properties have a multi-year history of producing substantial monthly revenue as short-term rentals including (2) 2BR Units, (3) 1 BR Units and (3) Studio apartments. The building is within easy walking distance of the Galveston Historic Seaport, Port of Galveston Cruise Terminals and Galvestons Historic Strand District, or The Strand, with restaurants, nightclubs and shopping. Additionally, The Meilleur is just around the corner f...
Each flat comes fully furnished with very tasteful, modern furniture. These properties have a multi-year history of producing substantial monthly revenue as short-term rentals including (2) 2BR Units, (3) 1 BR Units and (3) Studio apartments. The building is within easy walking distance of the Galveston Historic Seaport, Port of Galveston Cruise Terminals and Galvestons Historic Strand District, or The Strand, with restaurants, nightclubs and shopping. Additionally, The Meilleur is just around the corner from the Galveston Trolly Service that can take you anywhere on the island.
A further advantage is the proximity to the UTMB School of Medicine and the Galveston Medical Center Complex of Specialized Adult and Childhood Medical Care and Research. The Meilleur is uniquely situated a mere 5-minute bike ride, 4 minutes by car or 20-minute walk from the Medical Center. The perfect location for busy medical students to live and thrive, patient families in for a visit/treatment or employees of the Center to live in close proximity to the hospital.
Fronting Galveston Bay, the Strand is a National Historic Landmark that harkens back to Galvestons zenith in the late 1800s and early 1900s. Many of the structures are more than a century old, meticulously restored and maintained that provide stunning characteristics and craftsmanship from times-gone-by.
Galveston is loaded with entertainment, shopping and dining opportunities including the Moody Gardens, Pier 21 Theater, Ocean Star Offshore Energy Museum, Texas Seaport Museum, the tall ship Elissa, the Pleasure Pier, Seawall and miles of gorgeous Gulf Coast Beaches. In the Heart of Galveston City, you will find The Meilleur to be an oasis of calm and relaxation, whether making this your full-time residence, vacation get-a-way, valuable investment or combining the flexibility of condominium ownershipWe welcome you to explore, and then bid on these wonderful offerings.
Description:
History Blending with Sophistication In the Heart of Historic Galveston!
Eight Premier Loft Condominiums Each Uniquely Conceived to Enhance Your Way of Living
Easy Walking Distance to the Strand, Cruise Terminal, Theaters, Dining, Shops and More
Exposed Antique Brick Blended with Modern-day Comforts make The Meilleur the Must Have Place
Significant Income Producing Units that Easily Book as Vacation Rental
Over $29,000 Average Annual Income per Unit Financials Available
Complete Renovation in 2020 & 2021 to 1 & 2 BR Delightful Flats & Loft Style Apartments
Multiple Condos feature Courtyards and Decks Every Flat Is Unique and Charming!
Bid on One Unit, Several Properties or the Entire Building for Great Investment!
All Condos Being Sold Completely Furnished Well Appointed in Each Flat
Secure Entry, Separate Utilities, Carefree Living or Vacation in Comfort
Only 2 Blocks from the Strand & 4 Blocks from the Cruise Terminal
Downtown Business Center
Vital Statistics:
Both Floors Total Renovation into 8 Amazing Condominiums distributed on Two Floors w/Four Units Per Floor
Unit 101, First Floor, 891 SF 1BR/1BA w/Delightful Courtyard Area Sleeps 3 persons
Unit 102, First Floor, 686 SF 2 BR/2BA features Dining Area, Spacious Living Room Sleeps 6 people
Unit 103, First Floor, 558 SF Studio/1BA Soaring Ceilings & Charm Sleeps 3 persons
Unit 104, First Floor, 559 SF Studio/1BA Lots of Light w/Picture Windows Sleeps 4
Unit 201, Second Floor, 446 SF Studio/1BA Large Balcony Area & High Ceilings Sleeps 2 persons
Unit 202, Second Floor, 675 SF 1BR/1BA Exposed Brick w/Large Bathroom Sleeps 4 people
Unit 203, Second Floor, 772 SF 1BR/1BA Open & Airy w/Great Views Sleeps 4
Unit 204, Second Floor, 1,084 SF 2BR/1.5BA Largest Unit Available Great for a Group Sleeps 6
Common Area, First Floor, 633 SF
Common Area, Second Floor, 351 SF
Land Area Gross: 0.0878 ACs or 3,825 SF +|- of land per GCAD
Building Area Gross: 7,278 SF +|- per GCAD
Floor 1 Building Area: 3,639 SF +|- per GCAD
Floor 2 Building Area: 3,639 SF +|- per GCAD
Exterior is Brick Veneer, Masonry & Granite Tile
Flat Roof featuring Highly Durable & Energy Efficient Elastomeric Covering
Heating and Air Service Individual Electric Units
Live/Online June 5th at 12:30 PM CT
Preview: May 22 at 4 PM, May 24 at 11AM, May 25 at 12 PM
Property Address: 315 Tremont Street, Galveston, Texas 77550
Tranzon Asset Advisors of Texas, LLC, #9008058, Kelly D. Toney, TX Auctioneer #11818
10% Buyer's Premium and other terms apply
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