14 Unit Apartment Complex

Priced at $949,000

New appliances, tile floors, plumbing fixtures, and balconies replaced/remodeled over past few years.

Lots of rental income potential with this complex.

4 garage spaces and coin operated laundromat offer additional sources of income.                       

Onsite maintenance offers ability to run itself.

Excellent investment opportunity!


· 14 Units

· Built in 1954—Updated in 1984

· 9,228 Sq. Ft.

· Taxes for 2017 $7,100.00

· Potential Gross Revenue $125,000.00

· Off street parking

· Coin operated laundromat

· 50% of tenants have occupied units for over 5 years

Lisa Graves 956.371.2074

Namar Event Center

Priced at $2,800,000

The Shores Namar Event Center offers a unique venue for exciting events unlike any other on South Padre Island.  Located in The Shores Master Planned Community and conveniently close to the South Padre Island Convention Center and SPI Hotels.  With its classical architecture, elegant interior and breathtaking view of the Laguna Madre, it provides an exceptional setting for any event from weddings to meetings.  Grand Hall has 3,000 sq. ft. and a smaller meeting room (500 sq. ft.) with a spacious kitchen and large covered porch encompasses entire building.


Call Franke, Realtors – Commercial for details or to view call 956 761-2606.

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Franke Realty | 8605 Padre | South Padre Island, TX 78597 | 1-800-447-4753 | 1-956-761-2606