USATXSouth Padre IslandPadre Beach Sec Viii118 E Esperanza St
118 E Esperanza St, Home with 6 bedrooms, 8 bathrooms and 2 parking in South Padre Island TX | Image 1
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$1,049,000

118 E Esperanza St, South Padre Island, TX

Real Estate

For Sale

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682
  • Key Facts
  • Description
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Key Facts

Type Multi Family
Levels Residential Income
Size 3225 sqft
Garage Yes
Taxes $7,486
Days Active 61
Lot Size 
Approx. Age 1982
Avg. Price Per Sqft $325
MLS® Number 103935

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

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.Show Description
MLS® Number103935
Laundry LevelWasher/Dryer Hook-up
Central VacNo
FireplaceNo
Acreage0.1435
ExteriorBBQ Area, Balcony, Private Yard
GarageYes
Approx. Age1982
Basement
DrivewayDouble Attached Garage, Shared Driveway, Other, Garage Door Opener, Concrete
Garage Spaces
HeatElectric
A/CCentral Air
Heating Fuel

Extras

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