100 Michigan
Bayfront
• Port Isabel

   

Bayfront lot and a half with wonderful views of the Laguna Madre Bay.  Eight existing rental homes on property.  Great site for future development.  Great site for townhomes or business/residence.

 

   
LEGAL DESCRIPTION: Rutherford-Harding Addition Lot 14 & W 25'
Lot 15 Block 4
LOCATION: 100 Michigan, Port Isabel, Texas
ZONING: Commercial - Sub-development
LOT SIZE: 75' x 160' )12.000 sq. ft.)
25' x 119' (2,975 sq. ft.)
TAX INFORMATION:
        TAX ID#: 72-7500-0400-0140-00
         TAX RATE: $2.32 per $100.00 of Assessed Value
RENTAL INCOME: $22,750.00 +/- Annually (8 houses @ $325/month)
Water - $300.00/month; no cable (but is
available in the area), Trash -$30.00-$35.00/month (approx.)
Lawncare and Maintenance/Mgmt -Provided by tenant in exchange for rent
 ($300.00/month)
TERMS: Cash or New Loan
LIST PRICE:  $275,000.00
LISTING AGENT: Bert Valdez (956) 497-8329

Plat Map

Survey

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Although this information is believed to be accurate, it cannot be guaranteed. Price and  terms subject to change without notice.
Principle Broker: Troy Giles
License Number: 0482551