About this property

A rare opportunity to own a brand-new, never-lived-in quadplex on North Padre Island! This exceptional multifamily property features four townhome-style residences, each offering 3 bedrooms, 2.5 bathrooms, and an attached single-car garage. Thoughtfully designed with today's residents and guests in mind, every unit showcases luxury vinyl plank flooring throughout, a timeless neutral color palette, open-concept living spaces, and modern kitchens complete with granite countertops, built-in microwaves, dishwashers, disposals, pantry storage, and electric ranges. The two end units offer approximately 1,419 square feet, while the two interior units provide approximately 1,399 square feet, for a total of approximately 5,636 square feet of living space. Upstairs primary suites feature charming Juliet balconies, while covered back patios and small private yards extend the living space outdoors. Built with Hardie Board siding, composite shingle roofing, slab construction, and central electric heating and cooling, this low-maintenance investment is designed for durability and long-term appeal. Whether you're looking to expand your investment portfolio, capitalize on North Padre Island's thriving vacation rental market, or pursue a traditional long-term rental strategy, this property offers unmatched flexibility. Current long-term rental projections estimate approximately $2,200 per unit per month, generating potential gross annual income of $105,600. Third-party short-term rental projections estimate gross revenues between $20,000 and $25,000 per month, offering annual income potential of approximately $240,000 to $300,000. Located just minutes from beaches, boating, fishing, waterfront dining, and all that island living has to offer. Information deemed reliable but not guaranteed. Buyers should independently verify all measurements, restrictions, intended use, and short-term rental regulations.