Sea A Second Home Investment In The Heart Of Port Isabel, Texas

205 E Jefferson St, Port Isabel, TX 78578

$290,000 After Repair Value -
$277,500 Asking Price -
$5,000 Cost of Repairs =
$7,500 Potential Profit

Property Details

Asking Price $277,500

After Repair Value $290,000

Costs of Repairs $5,000

Potential Profit $7,500

Living Area 1548 ft2

Property Type Single Family House

Bedrooms 4

Bathrooms 2

Half Bathrooms N/A

Parking 1

Listed with Agent 1

Property Description

Potential Income Property: 1933 Craftsman, 6,000 sqft property lot zoned MFR multi family residence, solar panels (installed 2023, rated 25-year). The home is upgraded with extra new features, a large (cc 1988) addition on the back of the house is the 4th BR with 2 closets, 2 entrances. Adding ¾ bath could turn it into a 2nd rental unit, a mother-in-law suite; or build up a second story large room: Lots of possibility! Garage is potential to convert into a studio rental or loft. Additional backyard space for ACU design with city permits. Solar panels is a must for a your rental investment. Utilize the driveway for boat-trailer, or RV. Centrally located in the heart of Port Isabel, a well established neighborhood, for all buyers. A walk/short ride from shopping, iconic restaurants and beaches. A tranquil alternative at an affordable price! Ask for the Extra Feature Upgrade List for buyer review. Owner Finance $150,000 down, no interest. Cash or Conventional Buyer Rebate $1,000 at closing.

Repairs Needed

$5,000 TLC - Exterior Or Interior Cosmetic / Approximate $10,000 to add additonal Guest Suite for Short Term or Long Term Rentals


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