Listing Details for 118 E Esperanza St.

118 E Esperanza St. Duplex with assumable loan (2. 625% interest rate) in prime south padre island location. Fully leased with $5,600/month in gross rental income and reliable tenants who treat the property with care. This flexible investment offers multiple income strategies: rent each side in full or increase yield by leasing out the ground-floor studios independently. Both sides include private driveways, two-car tandem garages, private entrances, and fenced outdoor areas ideal for short-term, mid-term or long-term guests. No deferred maintenance—property has been immaculately maintained & recently updated with full interior repainting, storm-grade shutters, 3 of the 5 a/cs are <18 months old and more (see detailed list after floor plans). No hoa. Redfin rental estimates reach up to $3,188/month per unit. Projected 2025 income exceeds $67k possibly more. Located 1/2 block from butterfly parkbeach access. This property will not last long. Please provide as much notice as possible for showings. Thank you.

• Price: $1,049,000
• Built in 1982
• 3225 sqft
• Zip: 78597

• Taxes: $7,486

Interior Features

Exterior Features

• Cabinets-Custom
• Ceiling Fan(s)
• Ceilings-Vaulted
• Furnished
• Garage Door Opener
• Jacuzzi/Whirlpool Type
• Smoke Detector
• Storage
• Walk-in Closet
• Washer/Dryer Hook-up
• Water Softener
• Window Treatment

• BBQ Area
• Balcony
• Deck
• Fence
• Hot Tub
• Patio
• Patio - Covered
• Porch
• Private Yard