5-Unit Multifamily in Port Aransas, TX

Off Market & Discounted 5 Unit Townhome Community in Port Aransas TX

Modern Resort-Style 5-Unit Community w/ Summer Short Term Rental Upside

We are offering a rare opportunity in Port Aransas — a brand-new 5-unit multifamily townhome community that is nearly complete, with just a small amount of work needed to get it fully rent-ready ahead of the Summer high-season. This is the kind of coastal asset that checks every box for investors looking for short-term vacation rental income, long-term rental demand, or a hybrid strategy.

Contract Asking Price: $3,100,000 Recent Appraisal: $4,560,000

5 Total Units With 2 Shared Pools

Unit Mix: -Three (3) Large Luxury Townhomes 4 Bed | 4 Bath 3 Stories w/ Rooftop Terraces & Gulf Views 1,680-1,778 SF + rooftop terrace 2-Car Attached Garages Elevator Capable Gas fireplaces

-Two (2) Smaller Townhomes 1 Bed | 1 Bath 2 Stories w/ 2nd Floor Balconies 580 SF 1-Car Attached Garages

Completion Status: The property is nearly complete, with an estimated $55,000 total remaining to finish and get it fully rent-ready. We already have a bid from a local contractor to complete the remaining work.

Rental Potential: -4 Bedroom Units Short-Term Rental: $450/night (low season) up to $1,400/night (high season) Long-Term Rental: $7,000–$9,000/month

-1 Bedroom Units Short-Term Rental: $200/night (low season) up to $400/night (high season) Long-Term Rental: $2,000+/month

This property is positioned in a highly desirable Port Aransas pocket: Minutes from the marina Close to local dining + shopping Short walk/drive to the beach

Design + Build Quality: This community was designed to feel like a modern beach resort, with finishes that will hold up long-term and remain attractive to renters: Neutral tile flooring + timeless color palette Stone countertops Decorative tile in kitchens + bathrooms Tankless water heaters Modern metal floating staircases Low-maintenance exterior (minimal landscaping/yard)

Why Investors Love This Deal: New construction coastal inventory is extremely limited Strong STR demand + high nightly rate upside Long-term rental numbers are also very strong Nearly complete with a defined completion budget Premium unit features (garages, rooftop terraces, pools)

---Buyer pays all title closing costs---

--PLEASE DO YOUR DUE DILIGENCE REGARDING CONDITION, REPAIRS, AND VALUES OF EACH PROPERTY--PROPERTY DETAILS PROVIDED ARE FOR PRELIMINARY INFORMATIONAL PURPOSES ONLY---ION REAL ESTATE INVESTMENTS HOLDS EQUITABLE INTERESTS IN PROPERTIES DISPLAYED, OR IN CONJUNCTION WITH A JOINT VENTURE PARTNER--ASSIGNMENT OF CONTRACT TRANSACTIONS--PRICES SHOWN ARE DIRECT TO INVESTOR; REALTORS TO ADD COMMISSIONS ON TOP---