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About This Home
This 6-bedroom, 6-bathroom residential multi family at 5712 Padre Blvd. in South Padre Island, TX is listed for $1,880,000 ($484 per sqft). Built in 1981, the home offers 3,886 sqft of living space on a 0.26 acres lot.
Welcome to this fantastic and rare investment opportunity! This unique property offers endless possibilities for lucrative investment ventures. Its prime location, double-sized corner lot in one of the best locations on Padre Blvd, offers more than 11,000 sq ft.
This ample space opens unparalleled potential for expansion or repurposing. The existing building is concrete block construction, strategically elevated above Padre Blvd, houses 6 nicely-sized one bedroom / one bathroom fully rented apartments that boast modern amenities, many recent upgrades and a strong rental track record.
The commercial zoning and generous lot size open doors for various development options, whether it's adding more rental units or exploring alternative commercial ventures. Seize this exceptional opportunity to make a mark in the thriving South Padre Island real estate market.
Key Features
- Built in 1981
- 0.26 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$10,055/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
5712 Padre Blvd.
South Padre Island, TX 78597
Fiesta Isles
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Construction
Pool Features
Appliances
Questions & Answers
This 6-bedroom, 6-bathroom residential multi family at 5712 Padre Blvd. is listed at $1,880,000 ($484/sqft). The estimated monthly payment is $8,147 based on 20% down at 6.5% interest.
Key features include: Built in 1981, 0.26 acre lot, 2 stories. Interior Features: Cabinets-Manufactured, Ceiling Fan(s), Smoke Detector. Exterior Features: Deck.
This property is listed by Tony Altermatt and can be reached at 9566171940 or tony@PalmBreezeRealEstate.com.
