130 E Mars Ln - Apartments FOR SALE


South Padre Island, TX 78597
$2,500,000 USD
956-433-8564
130 E Mars Ln, South Padre Island, TX for Sale
$2,500,000 USD
Apartments - FOR SALE
1/36
null | Request Cap Rate

130 E Mars Ln
South Padre Island, TX 78597


HIGHLIGHTS

  • Fully furnished, established management company with great guest reviews. Steps from the beach. 2 parking space for every unit.

OVERVIEW

Don’t miss your chance to own this remodeled 6-unit complex located at Mars & Gulf Blvd close to a nearby beach access point! This prime South Padre Island property offers a turn-key opportunity for vacation rentals or long-term tenants. Each of the six 2-bedroom, 2-bathroom units features high-end interior upgrades including: granite countertops, stainless steel appliances, travertine tile flooring, tile showers & backsplashes, custom wood cabinets & solid wood doors, hurricane-impact windows, washers & dryers and tiled private balconies. The sale also includes the adjoining lot which boasts a resort-style outdoor space w/a large heated swimming pool & hot tub, outdoor kitchen & grill area, pool table, TV & restrooms for poolside gatherings, BBQs, Super Bowl parties, etc... This is a rare find with great rental reviews. A solid income-producing property with all the bells and whistles-schedule your showing today! Sale also includes plans for additional meeting space and units expanding capacity from 36 to 52.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$381 USD /SF

# OF UNITS

6

PRICE/UNIT

$416,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Athena Ares

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1985

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

B

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Alycen LacombeRE/MAX EliteMore Info
956-433-8564

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Alycen LacombeRE/MAX EliteMore Info
956-433-8564

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