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    1233 Ocean Dr Port Lavaca, TX 77979

    Sponsored
    For Sale
    $440,000

    Four-unit income property, Magnolia Beach.

    Property size:
    2,628 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Exceptional investment opportunity awaits with this four-unit mixed-use property located at 1233 N Ocean Dr, Port Lavaca, Texas, 77979. This 2,628 square foot building sits on a 0.262-acre corner lot offering direct waterfront access to Magnolia Beach. Each of the four individual units is fully equipped and furnished, ready to generate immediate income as a short-term rental or Air B&B. The property boasts an outdoor seating area, perfect for guests to enjoy the coastal views. For added security, a state-of-the-art camera system and keypad door locks are installed. This turnkey operation is situated in a prime location, steps away from excellent fishing opportunities, making it an ideal investment for those seeking a high-return coastal property. The asking price is $440,000. Don't miss this chance to own a piece of paradise. This property is conveniently located in Calhoun County.

    Property Features for 1233 Ocean Dr

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,628 SF
    Lot Size
    11,413 SF

    Building Details

    Units
    4

    HighLights

    • $440,000 asking price for a mixed‑use property.
    • 2,628 square foot building with four units.
    • Four individual units, ideal for short‑term rentals or Airbnbs.
    • Features an outside seating area.
    • 0.26 acres corner lot.
    • Waterfront property with access to Magnolia Beach.
    Property Profile Location Intelligence

    Current Use by Public Records

    Serviced apartments

    Suggested Use

    Restaurant Auto Repair Shop Hotel & Motel Discount Store Bed & Breakfast Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Port Lavaca
    County
    Calhoun
    State
    Texas
    Longitude
    -96.52423
    Latitude
    28.5544782

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    FAQs

    What type of property is this?
    Multifamily property - Four-unit income property, Magnolia Beach.
    Where is this multifamily property located?
    The property is located at 1233 Ocean Dr Port Lavaca, TX.
    What is the asking price?
    The asking price for this property is $440,000.
    What are key features of this property?
    This property features: $440,000 asking price for a mixed-use property.; 2,628 square foot building with four units.; Four individual units, ideal for short-term rentals or Airbnbs.
    Request Owner's contact information
    1233 Ocean Dr Port Lavaca, TX 77979
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1233 Ocean Dr Port Lavaca, TX 77979
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