10602 Blue Water Hwy - Apartments FOR SALE


Freeport, TX 77541
$2,000,000 USD
979-320-4303
10602 Blue Water Hwy, Freeport, TX for Sale
$2,000,000 USD
Apartments - FOR SALE
1/38
null | Request Cap Rate

10602 Blue Water Hwy
Freeport, TX 77541


HIGHLIGHTS

  • TWO income producing New Construction Beach Front Homes
  • Approved Plans and Permits to Add TWO Additional NEW Homes to the Site
  • Modern Designed Homes with accommodations of up to 35 People and Can Develop to Accommodate 70
  • Full Beachfront access and location for added desirability
  • Value Add opportunity by adding Two units and growing Short, Mid or Long Term Rentals
  • Fully Furnished and Turn Key Ready

OVERVIEW

This 2-acre beachfront property offers TWO newly built fully furnished homes: a 5-bedroom, 4-bath home at 10614 Blue Water and a 4-bedroom, 4-bath home at 10602 Blue Water. Sale of this property includes the approved permits to add TWO additional homes to the site that would total income generating FOUR Homes. The Two finished properties are turnkey ready, fully furnished and currently equipped for high-demand short-term rentals, accommodating a combined total of 35 guests. This property offers strong residential and commercial potential. Its current configuration is ideal for vacation rentals, corporate retreats, family reunions, and event stays. A rare opportunity for investors, developers, or buyers seeking multiple neighboring beachfront homes with significant income potential and future commercial flexibility.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$143 USD /SF

# OF UNITS

2

PRICE/UNIT

$1,000,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2022

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.45 AC

LAND SF

106,722 SF

ZONING

-

APN/PARCEL ID

0029-0078-110

ASK ABOUT THIS PROPERTY

Michael StavinohaDominion International GroupMore Info
979-320-4303

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Michael StavinohaDominion International GroupMore Info
979-320-4303

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.