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USATXSouth Padre IslandPadre Beach Sec Viii118 E Esperanza St
118 E Esperanza St, Home with 6 bedrooms, 8 bathrooms and 2 parking in South Padre Island TX | Image 1
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$1,100,000

118 E Esperanza St, South Padre Island, TX

Real Estate

For Sale

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682
  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 3225 sqft
Garage Yes
Taxes $7,486
Days Active 1
Lot Size 
Approx. Age 1982
Avg. Price Per Sqft $341
MLS® Number 103935

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Turnkey duplex with assumable loan in prime South Padre Island location. Fully leased with $5, 600/month in gross rental income and reliable tenants who treat the property with care. This flexible investment offers multiple income strategies: rent each side in full or increase yield by leasing out the ground-floor studios independently. Both sides include private driveways, two-car tandem garages, private entrances, and fenced outdoor areas ideal for guests or long-term renters. No deferred maintenance—property has been consistently maintained and recently updated with full interior repainting and storm-grade shutters. No HOA. Redfin rental estimates reach up to $3, 188/month per unit. Projected 2025 income exceeds $67K. Assumable loan available—terms upon request. Located just one block from public beach access in a high-demand rental corridor. Showings by appointment only. Recently serviced A/C systems and well-maintained infrastructure provide peace of mind for new ownership.Show Description
MLS® Number103935
Laundry LevelWasher/Dryer Hook-up
Central VacNo
FireplaceNo
Acreage0.1435
ExteriorBBQ Area, Balcony, Private Yard
GarageYes
Approx. Age1982
Basement
DrivewayDouble Attached Garage, Shared Driveway, Other, Garage Door Opener, Concrete
Garage Spaces
HeatElectric
A/CCentral Air
Heating Fuel

Extras

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