5504 Padre Boulevard

South Padre Island, TX 78597

$699,000
Price
Beds
3,654 Sq. Ft.
$191 / Sq. Ft.
3,654
Sq. Ft.
$191
per Sq. Ft.

Description

Presenting an excellent investment opportunity in a prime location on South Padre Island. This property features a two-bedroom, two-bath residential unit on the second floor with sliding doors leading to a spacious balcony facing Padre Blvd, and a large back deck. Recently updated with new kitchen appliances, including a washer and dryer, in 2023. The ground floor offers two commercial spaces, each equipped with a half bathroom, providing great potential for business or rental income. Exterior painting...Presenting an excellent investment opportunity in a prime location on South Padre Island. This property features a two-bedroom, two-bath residential unit on the second floor with sliding doors leading to a spacious balcony facing Padre Blvd, and a large back deck. Recently updated with new kitchen appliances, including a washer and dryer, in 2023. The ground floor offers two commercial spaces, each equipped with a half bathroom, providing great potential for business or rental income. Exterior painting is scheduled soon, enhancing the property's curb appeal. This turn-key property is perfect for those seeking a versatile investment with both residential and commercial possibilities. Don't miss the chance to own a piece of South Padre Island real estate in this prime location.
  1. Listed by Carmen Lucas • TREC #584866 • CB Harper Global Luxury • carmen@mhluxurylifestyle.com

Property Details for 5504 Padre Boulevard

School District
Port Isabel Isd
Subdivision
PADRE BEACH
Zoning
COM/MF
Exterior
Stucco
LISTING UPDATED: 12/03/2024 02:42 PM

Property Details for 5504 Padre Boulevard

StatusActive
MLS #1809403
Days on Market95
Taxes$10,000 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Two Story
Year Built1985
Lot Size0.11 AC / 4,791 SF
CountyCameron County

Building Information for 5504 Padre Boulevard

Stories-Residences4Year Built1985Building Size-Lot Size0.11 AC / 4,791 SF

Property Information for 5504 Padre Boulevard

Summary
Location and General Information
  • Area: 3100
  • Elementary School: Garriga
  • Middle School: Port Isabel
  • High School: Port Isabel
  • Miscellaneous: M.U.D.
  • Instruction/Direction: North Padre, Building on Padre Frontage, in between E Cora Lee and E Morningside
  • Accessible/Adaptive Home: No
  • County: Cameron
  • State: TX
  • Zip: 78597
  • City: South Padre Island
Taxes and HOA Information
  • HOA Mandatory: None
  • Taxed By Mltpl Counties: No
  • Tax Property ID: 67-6400-1760-0010-00
Property
Property and Assessments
  • Legal Description: SO PADRE IS - PADRE BEACH SECTION XI LOT 1 BLK 176
  • Subdivision Legal Name: PADRE BEACH
  • Builder Name: unknown
  • Year Built: 1985
  • Type: Two Story
Lot Information
  • Source Sqft: Appsl Dist
  • Legal Desc-Lot: 1
  • Square Feet: 3654.0
  • Apprx Age: 39
  • Lot Size: 0.11
Utilities
  • Air Conditioning: Three+ Central
  • Heat: Central
  • Heating Fuel: Electric
  • Water/Sewer: City
  • Meters: Separate Electric, Common Water
Interior and Exterior Features
Interior Features
  • Flooring: Ceramic Tile
Exterior Features
  • Construction: Pre-Owned
  • Roofing: Slate
  • Foundation: Slab
  • Proposed Terms: Conventional, Cash
Multi Family
Multi-Family Information
  • Annual Operating Expense: 27332.0
  • Gross Annual Income: 57600.0
  • Operating Expense Includes: Taxes, Insurance, Management, Other
  • Net Operating Income: 30268.0
Unit 1
  • Unit 1 Info: Oven/Stove, Dishwasher, Refrigerator, Washer Connection, Dryer Connection
  • U1 Occupied: Yes
  • U1 Bedroom: 2
  • U1 Fulls Baths: 2
  • U1 Half Baths: 0
  • U1 Handicap Access: No
  • U1 Num of Parking Spaces: 2
  • U1 Park Type: Detached
  • U1 Rent: $1,200.00
Unit 2
  • Unit 2 Info: Oven/Stove, Dishwasher, Refrigerator, Washer Connection, Dryer Connection
  • U2 Occupied: Yes
  • U2 Bedroom: 2
  • U2 Full Baths: 2
  • U2 Half Baths: 0
  • U2 Handicap Access: No
  • U2 Num of Parking Spaces: 2
  • U2 Park Type: Detached
  • U2 Rent: $1,200.00
Unit 3
  • Unit 3 Info: Not Applicable
  • U3 Occupied: Yes
  • U3 Bedroom: 0
  • U3 Full Baths: 0
  • U3 Half Baths: 1
  • U3 Handicap Access: No
  • U3 Num of Parking Spaces: 2
  • U3 Park Type: Detached
  • U3 Rent: $1,200.00
Unit 4
  • Unit 4 Info: Not Applicable
  • U4 Occupied: No
  • U4 Bedroom: 0
  • U4 Full Baths: 0
  • U4 Half Baths: 1
  • U4 Handicap Access: No
  • U4 Num of Parking Spaces: 2
  • U4 Park Type: Detached
  • U4 Rent: $1,200.00
Agent
Sale and Listing
  • Contract: Exclusive Right To Sell

Property History for 5504 Padre Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5504 Padre Boulevard

Taxable ValueLand$268,660Additions$345,722Total$614,382
Tax Record2024$10,031 ($836 / month)
Home Facts
Total Finished SqFt1,563 SqFtAbove Grade Finished SqFt1,563 SqFtStories1Lot Size9,592 SqFtStyleMiscellaneous CommercialYear Built1985ZoningCCountyCAMERONAPN67-6400-1760-0010-00

Schools near 5504 Padre Boulevard

This home is within Point Isabel Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 5
Public - 6 to 8
Public - 8 to 12
Rating
School
Distance
Derry Elementary School
PublicPK to 5

Garriga Elementary School
PublicPK to 5

Port Isabel J High School
Public6 to 8

Port Isabel High School
Public8 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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5504 Padre Boulevard is a multi-family home for sale in South Padre Island, TX 78597. This property was listed for sale on September 17, 2024 by CB Harper Global Luxury, it's currently listed at $699,000. This listing's school district is Point Isabel Independent School District. Nearby schools include Derry Elementary School, Garriga Elementary School and Port Isabel J High School. 5504 Padre Boulevard is a 0-bed, 0-bath, 3,654 sqft multi-family home built in 1985.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CB Harper Global Luxury

Based on information from one of the following Multiple Listing Services: GMAR MLS, South Texas MLS and Amarillo Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by GMAR MLS, South Texas MLS and Amarillo Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.