106 W Corral St - Apartments FOR SALE


South Padre Island, TX 78597
$2,900,000 USD
956-515-8400
106 W Corral St, South Padre Island, TX for Sale
$2,900,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

106 W Corral St
South Padre Island, TX 78597


OVERVIEW

Presenting an exceptional investment opportunity: a brand-new 17-unit studio apartment property located just steps away from the vibrant entertainment district of South Padre Island. This property offers flexibility for both short-term and long-term rental options, catering to a variety of guests year-round. Each unit is turn-key and fully furnished, featuring appliances, Wi-Fi, and modern amenities to ensure a comfortable stay. The complex is equipped with security cameras for peace of mind, along with a private pool and a dedicated laundry building for added convenience. With its prime location and amenities, this property promises excellent income potential in a highly desirable area. Don’t miss this exceptional chance to invest in a high-demand rental area with outstanding potential for growth.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$644 USD /SF

# OF UNITS

17

PRICE/UNIT

$170,588

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,278 SF

ZONING

C

APN/PARCEL ID

676400-0060-006000

ASK ABOUT THIS PROPERTY

Jaime Lee GonzalezKeller Williams Realty RGVMore Info
956-515-8400

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Jaime Lee GonzalezKeller Williams Realty RGVMore Info
956-515-8400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.