542 W Polk Street, Port Isabel, TX

Multi-family for Sale ‐ $1,125,000 ‐ 10,937 Sq. Ft. on 0.5 acres


Print   |   Report Error   |   Email Listing

Agent Info

NameTony Roubik
CompanySperry Van Ness

Property Info

CIMLS #961075
Location542 W Polk Street
Port Isabel TX 78578
Last UpdatedSeptember 10th, 2017
TypeMulti-family
Price$1,125,000
Building Size10,937 Sq. Ft.
Lot Size0.5 acres

Contact


Property Description

Isla Vista Apartments

14-Unit Garden-Style Apartment Project

Port Isabel, Texas

Location Description:

Idyllic location atop the highest ground in Port Isabel. Great water views in all directions from immediate neighborhood. Five minutes away from South Padre Island resort directly across the Queen Isabella Causeway. Adjacent to the The Fingers exclusive residential waterfront community (Modern Venice Subdivision). F.E.M.A. National Flood Insurance Program Elevation Certificate Flood Zone C.

Highlights:

>> Unique vintage property - solid 1954 construction with modern-day updates.

>> Rare availability of a property this size in this market in this condition.

>> Opportunity for owner/manager to enjoy South Padre Island 'Jimmy Buffett' lifestyle.

>> Many ways to realize great upside potential.

>> Stays 100% occupied with mature rent roll.

>> Practically runs itself with on-site maintenance man.

>> Excellent location minutes from South Padre Island resort area.

>> Short drive to Brownsville or Harlingen airports = easy access by plane.

* Email for additional photos