UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,228 sqft
Price per Sqft $157
Subdivision Copano Village Addition
MLS Listing ID 475301
Bedrooms 10
Full Baths 6
HOA Y/N No
Year Built 1973
Annual Tax Amount $5,319
Lot Size 0.670 Acres
Acres 0.67
Property Sub-Type Multi Family
Property Description
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.
Seller financing is available for qualified buyers, with terms structured to reflect current market conditions and buyer strength. The property is offered as a package, with potential flexibility to sell the triplex and duplex separately.
Location
State TX
County Aransas
Interior
Interior Features Cathedral Ceiling(s), Split Bedrooms, Window Treatments, Ceiling Fan(s)
Heating Central, Electric
Cooling Central Air
Flooring Laminate, Tile
Fireplace No
Appliance Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Free-Standing Range, Multiple Water Heaters
Laundry Washer Hookup, Dryer Hookup
Exterior
Parking Features Asphalt
Utilities Available Overhead Utilities, Septic Available, Water Available
View Y/N Yes
View Water
Roof Type Shingle
Porch Covered, Patio
Building
Story 2
Entry Level Two
Foundation Slab
Water Public
Level or Stories Two
New Construction No
Schools
Elementary Schools Fultonlearningcenter
Middle Schools Rockportfulton
High Schools Rockportfulton
School District Rockportfultonisd
Others
Tax ID 1375-000-024-000
Acceptable Financing Cash, Conventional, Owner Will Carry
Listing Terms Cash, Conventional, Owner Will Carry
Virtual Tour https://www.propertypanorama.com/instaview/cor/475301
