Property summary
This exceptional investment opportunity presents a thriving coastal rental resort in the heart of Rockport, Texas. The property encompasses 4,000 square feet on a 0.69-acre lot, strategically located near the downtown business district, offering easy access to shopping, dining, the new Art Center, and Rockport Beach. The existing structures include five charming one-bedroom, one-bathroom cottages, each complete with a kitchen and living area, providing immediate income generation. A duplex further enhances the rental portfolio, featuring two additional one-bedroom, one-bathroom units, each with a kitchen and living area. The significant advantage of this property lies in its substantial undeveloped land, presenting a unique opportunity to expand the resort. Future development could include additional duplex units, more cottages, or supplementary amenities to further enhance the property's appeal and profitability. The property is being sold "as is," allowing for creative vision and development strategies. This turnkey operation offers a rare chance to acquire a well-established, income-producing coastal resort with significant upside potential in a highly desirable Texas location. The property's proximity to Rockport's vibrant downtown and the historic Water Street ensures consistent high demand for rental units. This is an ideal investment for those seeking a proven income stream with substantial growth potential.
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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