Price Reduced Listing
Description
Rare Waterfront Investment Opportunity - 5 Units with Exceptional Water Views. This is a unique opportunity to acquire a 5-unit multifamily property consisting of 2 duplex homes and a single-story home, ideally positioned to capture expansive water views that are rarely available at this price point. Each unit benefits from a setting typically associated with high-end residential properties, enhancing both tenant demand and long-term value. The property includes five 2-bedroom, 1-bath units with a consistent rental history and stable income performance. The efficient unit mix appeals to a broad tenant base, while the proximity to the water provides a meaningful competitive advantage in the market. Financial highlights include excellent annual income, strong in-place cash flow, and additional revenue from on-site laundry. The property is not subject to HOA restrictions, offering operational flexibility for ownership. This offering stands out due to the combination of multiple income-producing units and unobstructed water views, creating both immediate cash flow and long-term appreciation potential driven by location. There is also opportunity for future upside through rent adjustments, operational efficiencies, and alternative rental strategies, subject to buyer verification. . The property is offered as a package, with potential flexibility to sell the triplex and duplex separately.
Details
| MLS # | 475301 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1973 |
| Days On Site | 130 |
| Listing Provided By | Prime Real Estate | Bridget Knower |
Features
| Bed(s) | 10 |
|---|---|
| Bath(s) | 6 Total |
| SQ Feet | 5,228 |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 3 |
| Acreage | 0.67 |
| Property View | Yes |
Parking
| Parking Features | Asphalt |
|---|
Taxes
| Tax Annual Amount | 5319 |
|---|
Area Information
| State | TX |
|---|---|
| County | Aransas |
| City | Rockport |
| Zip Code | 78382 |
| Community Name | Copano Village Addition |
| Listing VS Median (in Copano Village Addition) | |
Price: $750,000 low | high Med: $435,000 sqft: 5,228 low | high Med: 3,108 $ / sqft: $143 low | high Med: $140 On site: 130 low | high Med: 44 | |
Market Activity 78382
Request a showing
Request a showing
Contact
Learn More About This Property
| State | TX |
|---|---|
| County | Aransas |
| City | Rockport |
| Zip Code | 78382 |
| Community Name | Copano Village Addition |
| Listing VS Median (in Copano Village Addition) | |
Price: $750,000 low | high Med: $435,000 sqft: 5,228 low | high Med: 3,108 $ / sqft: $143 low | high Med: $140 On site: 130 low | high Med: 44 | |