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$895,000

NAL Estimated Property Value

990 E FM 628, Riviera, TX, 78379

$899,500 ARVInfo
Off MarketInfo
CommercialInfo
Beds12 Beds
Baths10 Bath
Baths6,078 Sq Ft
Multi FamilyMulti Family
price_per_sqft$147.25 / sqft
Year BuiltBuilt in 1998

About this property

Rare opportunity to own a cash-flowing waterfront property on Baffin Bay with short-term rentals allowed! Situated on 2.6 acres, this unique property includes four separate buildings and boasts over 200 feet of water frontage protected by a concrete bulkhead. The 300+ foot fishing pier features a spacious L-head, allowing multiple groups to fish comfortably. Building One includes four one-bedroom units, each furnished with four beds and kitchenettes. Building Two also offers four one-bedroom units, each with two beds and full kitchens. Building Three is a 2-bedroom, 1-bath home built approx. 10 years ago. Perfect as an on-site manager’s residence, it features a second bedroom that can serve as an office with it's own entrance, and a separate laundry room with capacity for four washers/dryers. The largest structure, Building Four, sits closest to the water and showcases panoramic views of Baffin Bay through seven large windows. Inside is an open-concept living/dining/kitchen area and two bedrooms—ideal for entertaining or relaxing. Multiple outdoor seating areas enhance the guest experience. Whether you're looking to retire and manage on-site or rent all 10 units and manage remotely, this is a turn-key investment. Easy access to FM roads and just 15 minutes from I-69. An additional shaded, undeveloped section offers potential for RV sites. Listed at $895,000—don’t miss out!

Investor Tools

Property Icon
$895,000
Estimated Property Value
$0Estimated Mortgage Balance
$895,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$899,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,370 /month
Positive
Cash Flow Estimate:
$1,790 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

City: Riviera

990 E FM 628 | Property Details | No Agent List