Duplex with assumable loan (2.625% interest rate) in prime South Padre Island location. Fully leased with $5,600/month in gross rental income and reliable tenants who treat the property with care. This flexible investment offers multiple income strategies: rent each side in full or increase yield by leasing out the ground-floor studios independently. Both sides include private driveways, two-car tandem garages, private entrances, and fenced outdoor areas ideal for short-term, mid-term or long-term guests. No deferred maintenance—property has been immaculately maintained & recently updated with full interior repainting, storm-grade shutters, 3 of the 5 A/Cs are <18 months old and more (see detailed list after floor plans). No HOA. Redfin rental estimates reach up to $3,188/month per unit. Projected 2025 income exceeds $67K possibly more. Located 1/2 block from Butterfly parkbeach access. This property will not last long. Please provide as much notice as possible for showings. Thank you.
For sale
Price cut: $51K (8/7)
$1,049,000
118 E Esperanza St, South Padre Island, TX 78597
6beds
3,225sqft
Est.:
Multi Family
Built in 1982
-- sqft lot
$-- Zestimate®
$325/sqft
$-- HOA
What's special
Fenced outdoor areasPrivate entrancesTwo-car tandem garagesPrivate drivewaysInterior repaintingStorm-grade shutters
- 106 days |
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