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106 W Corral St

17 Unit Block of Flats £2,306,347 (£135,667/Unit) South Padre Island, TX 78597

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EXECUTIVE SUMMARY

Presenting an exceptional investment opportunity: a brand-new 17-unit studio apartment property located just steps away from the vibrant entertainment district of South Padre Island. This property offers flexibility for both short-term and long-term rental options, catering to a variety of guests year-round. Each unit is turn-key and fully furnished, featuring appliances, Wi-Fi, and modern amenities to ensure a comfortable stay. The complex is equipped with security cameras for peace of mind, along with a private pool and a dedicated laundry building for added convenience. With its prime location and amenities, this property promises excellent income potential in a highly desirable area. Don’t miss this exceptional chance to invest in a high-demand rental area with outstanding potential for growth.

PROPERTY FACTS

Price	£2,306,347	Building Class	B
Price Per Unit	£135,667	Lot Size	0.24 AC
Sale Type	Investment	Building Size	4,500 SF
No. Units	17	Number of Floors	1
Property Type	Multifamily	Year Built	2024
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low Rise

Price	£2,306,347
Price Per Unit	£135,667
Sale Type	Investment
No. Units	17
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	B
Lot Size	0.24 AC
Building Size	4,500 SF
Number of Floors	1
Year Built	2024
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.