About 118 E Esperanza St.
Duplex with assumable loan (2.625% interest rate) 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 short-term, mid-term or long-term guests. No deferred maintenance—property has been immaculately maintained & recently updated with full interior repainting, storm-grade shutters, 3 of the 5 A/Cs are <18 months old and more (see detailed list after floor plans). No HOA. Redfin rental estimates reach up to $3,188/month per unit. Projected 2025 income exceeds $67K possibly more. Located 1/2 block from Butterfly parkbeach access. This property will not last long. Please provide as much notice as possible for showings. Thank you.
Features of 118 E Esperanza St.
| MLS® # | 103935 |
|---|---|
| Price | $1,049,000 |
| Bedrooms | 6 |
| Bathrooms | 7.00 |
| Full Baths | 6 |
| Half Baths | 2 |
| Square Footage | 3,225 |
| Year Built | 1982 |
| Type | Multi-Family |
| Sub-Type | Duplex |
| Status | Active |
Community Information
| Address | 118 E Esperanza St. |
|---|---|
| Area | South Padre Island |
| City | South Padre Island |
| County | Cameron |
| State | TX |
| Zip Code | 78597 |
Amenities
| Amenities | None |
|---|---|
| Garages | Double Attached Garage, Shared Driveway, Other-See Remarks |
| Is Waterfront | No |
| Has Pool | No |
| Total Building Units | 2 |
| Car Coverings | Single Detached Garage, Double Attached Garage, Triple Detached Garage, Double Detached Carport, None, Covered Parking, Unassigned Parking |
Interior
| Interior Features | Cabinets-Custom, Ceiling Fan, Ceilings-Vaulted, Furnished, Garage Door Opener, Jacuzzi/Whirlpool Type, Smoke Detector, Storage, Walk-in Closet, Washer/Dryer Hook-up, Water Softener, Window Treatment |
|---|---|
| Appliances | Disposal, Dishwasher, Ice Maker, Microwave, Refrigerator, Stove, Washer/Dryer |
| Heating | Central Electric |
| Fireplace | No |
Exterior
| Exterior Features | Balcony, Deck, Fence, Patio, Porch, Private Yard, Hot Tub, BBQ Area, Patio - Covered |
|---|---|
| Roof | Composition Shingle |
| Construction | Block-Concrete, Frame |
| Foundation | Pilings-Concrete |
Additional Information
| Date Listed | November 30th, -0001 |
|---|---|
| Days on Market | 129 |
| Zoning | B-2 |
| Foreclosure | No |
| Short Sale | No |
| Taxes | $7,486 |
| Insurance | $12,033 |
Listing Details
| Agent | Cianna Perez |
|---|---|
| Office | Texas Coast & Country Real Estate |
| Contact Info | 9564079713 |