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    5312 Gulf Blvd South Padre Island, TX 78597

    For Sale
    $2,495,000

    Prime South Padre Island investment opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional three-unit apartment building, located at 5312 Gulf Boulevard in South Padre Island, Texas, presents a lucrative investment opportunity. Built in 1982, this property boasts a prime beachfront location on the highly desirable Gulf Boulevard, offering significant rental income potential. The 5,999.95 square foot lot houses a single building encompassing three distinct units, each functioning as a self-contained condo with private access. Each unit features its own kitchen, living room, washer, and dryer. The first floor unit includes two bedrooms and two bathrooms

    Property Features for 5312 Gulf Blvd

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1982
    Buildings
    1
    Units
    3

    HighLights

    • Prime beachfront location on South Padre Island's Gulf Boulevard.
    • Three‑unit apartment building offering significant rental income potential.
    • 5,999.95 sq ft lot.
    • Each unit is a self‑contained condo with private access, kitchen, living room, washer, and dryer.
    • First‑floor unit features two bedrooms and two bathrooms.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Restaurant Law Firm Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Nail Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    South Padre Island
    County
    Cameron
    State
    Texas
    Longitude
    -97.1672203
    Latitude
    26.1251711

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    FAQs

    What type of property is this?
    Multifamily property - Prime South Padre Island investment opportunity.
    Where is this multifamily property located?
    The property is located at 5312 Gulf Blvd South Padre Island, TX.
    What is the asking price?
    The asking price for this property is $2,495,000.
    What are key features of this property?
    This property features: Prime beachfront location on South Padre Island's Gulf Boulevard.; Three-unit apartment building offering significant rental income potential.; 5,999.95 sq ft lot.
    Request Owner's contact information
    5312 Gulf Blvd South Padre Island, TX 78597
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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
    5312 Gulf Blvd South Padre Island, TX 78597
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