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    FOR SALE
    Apartment buildings

    102 E Atol St South Padre Island, TX 78597

    Built 1973
    Property ID
    US82-0340206
    102 E Atol St, South Padre Island, TX 78597 For Sale 1 / 86
    $1,500,000
    102 E Atol St, South Padre Island, TX 78597
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    Property summary
    AI-generated overview

    This exceptional three-unit apartment building, located at 102 E Atol Street E in South Padre Island, Texas, presents a lucrative investment opportunity. Built in 1973, this Class B property sits on a 6,246.504 square foot lot and offers a unique blend of luxury and functionality. The property features a private pool, perfect for relaxation and entertaining, and a one-car garage. The layout includes two rental units on the upper floor and one on the ground floor, ideal for short-term rentals. Both upper-floor units boast private balconies, providing ample outdoor space for guests. The spacious fenced backyard offers additional room for gatherings. The interior has been meticulously remodeled, showcasing contemporary kitchens and bathrooms. This turnkey property is being sold fully furnished, eliminating the need for additional investment. Situated in the desirable South Padre Island area (zip code 78597), this property benefits from a proven track record of revenue generation through short-term rentals, making it an attractive investment with high potential for return. The property's location in Cameron County, Texas, offers easy access to the beach and all the amenities of South Padre Island. This is a rare opportunity to acquire a high-performing, fully furnished investment property in a prime location. The asking price is $874,995.

    Property profile
    Verified
    Property type Apartment buildings
    Year built 1973
    UPID US82-0340206
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
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