615 W Avenue A - Apartments FOR SALE


Port Aransas, TX 78373
$3,100,000 USD
346-519-7882
615 W Avenue A, Port Aransas, TX for Sale
$3,100,000 USD
Apartments - FOR SALE
1/26
null | Request Cap Rate

615 W Avenue A
Port Aransas, TX 78373


HIGHLIGHTS

  • Strong Short and Long Term Rental Market
  • Near Completion w/ Defined Completion Budget (~55k)
  • Low Maintenance

OVERVIEW

CALL or TEXT: 346-519-7882 (Note: Serious investors are encouraged to submit their best offer. All offers will be reviewed.) Encore Acquisitions is offering a rare opportunity in Port Aransas — a brand-new 5-unit multifamily townhome community that is nearly complete, with just a small amount of work needed to get it fully rent-ready ahead of the Summer high-season. This is the kind of coastal asset that checks every box for investors looking for short-term vacation rental income, long-term rental demand, or a hybrid strategy. 5 Total Units With 2 Shared Pools Unit Mix: - Three (3) Large Luxury Townhomes 4 Bed | 4 Bath 3 Stories w/ Rooftop Terraces & Gulf Views 1,680-1,778 SF + rooftop terrace 2-Car Attached Garages Elevator Capable Gas fireplaces - Two (2) Smaller Townhomes 1 Bed | 1 Bath 2 Stories w/ 2nd Floor Balconies 580 SF 1-Car Attached Garages Completion Status: The property is nearly complete, with an estimated $55,000 total remaining to finish and get it fully rent-ready. We already have a bid from a local contractor to complete the remaining work. Rental Potential: - 4 Bedroom Units Short-Term Rental: $450/night (low season) up to $1,400/night (high season) Long-Term Rental: $7,000–$9,000/month - 1 Bedroom Units Short-Term Rental: $200/night (low season) up to $400/night (high season) Long-Term Rental: $2,000+/month This property is positioned in a highly desirable Port Aransas pocket: - Minutes from the marina - Close to local dining + shopping - Short walk/drive to the beach Design + Build Quality: This community was designed to feel like a modern beach resort, with finishes that will hold up long-term and remain attractive to renters: - Neutral tile flooring + timeless color palette - Stone countertops - Decorative tile in kitchens + bathrooms - Tankless water heaters - Modern metal floating staircases - Low-maintenance exterior (minimal landscaping/yard) Why Investors Love This Deal: - New construction coastal inventory is extremely limited - Strong STR demand + high nightly rate upside - Long-term rental numbers are also very strong - Nearly complete with a defined completion budget - Premium unit features (garages, rooftop terraces, pools) CALL or TEXT: 346-519-7882 (Note: Serious investors are encouraged to submit their best offer. All offers will be reviewed.)

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$289 USD /SF

# OF UNITS

5

PRICE/UNIT

$620,000

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2022

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,726 SF

ZONING

Multi - Short Term Rental

APN/PARCEL ID

597840,597841,597842

ASK ABOUT THIS PROPERTY

Trevor NorrisEncore AcquisitionsMore Info
346-519-7882

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Trevor NorrisEncore AcquisitionsMore Info
346-519-7882

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