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10602 Blue Water Hwy
Freeport, TX 77541
Multifamily Property For Sale
·
2 Units
Investment Highlights
- TWO income producing New Construction Beach Front Homes
- Modern Designed Homes with accommodations of up to 35 People and Can Develop to Accommodate 70
- Value Add opportunity by adding Two units and growing Short, Mid or Long Term Rentals
- Approved Plans and Permits to Add TWO Additional NEW Homes to the Site
- Full Beachfront access and location for added desirability
- Fully Furnished and Turn Key Ready
Executive Summary
This 2-acre beachfront property offers TWO newly built fully furnished homes: a 5-bedroom, 4-bath home at 10614 Blue Water and a 4-bedroom, 4-bath home at 10602 Blue Water. Sale of this property includes the approved permits to add TWO additional homes to the site that would total income generating FOUR Homes. The Two finished properties are turnkey ready, fully furnished and currently equipped for high-demand short-term rentals, accommodating a combined total of 35 guests. This property offers strong residential and commercial potential. Its current configuration is ideal for vacation rentals, corporate retreats, family reunions, and event stays. A rare opportunity for investors, developers, or buyers seeking multiple neighboring beachfront homes with significant income potential and future commercial flexibility.
Property Facts
| Price Per Unit | $1,000,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.45 AC |
| No. Units | 2 | Building Size | 14,027 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2022 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Price Per Unit | $1,000,000 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.45 AC |
| Building Size | 14,027 SF |
| No. Stories | 3 |
| Year Built | 2022 |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
Property Taxes
| Parcel Number | 0029-0078-110 | Improvements Assessment | $430,360 |
| Land Assessment | $526,900 | Total Assessment | $957,260 |
Property Taxes
Parcel Number
0029-0078-110
Land Assessment
$526,900
Improvements Assessment
$430,360
Total Assessment
$957,260
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