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990 E Fm 628, Riviera, TX 78379

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For Sale

$895,000

12 beds • 10 baths • 6,078 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $147.25
    Price per square foot

  • 21-30 Years Old
    Age

Explore this Property

Rare opportunity to own a cash-flowing waterfront property on Baffin Bay with short-term rentals allowed! Situated on 2.6 acres, this unique property includes four separate buildings and boasts over 200 feet of water frontage protected by a concrete bulkhead. The 300+ foot fishing pier features a spacious L-head, allowing multiple groups to fish comfortably. Building One includes four one-bedroom units, each furnished with four beds and kitchenettes. Building Two also offers four one-bedroom units, each with two beds and full kitchens. Building Three is a 2-bedroom, 1-bath home built approx. 10 years ago. Perfect as an on-site manager's residence, it features a second bedroom that can serve as an office with it's own entrance, and a separate laundry room with capacity for four washers/dryers. The largest structure, Building Four, sits closest to the water and showcases panoramic views of Baffin Bay through seven large windows. Inside is an open-concept living/dining/kitchen area and two bedrooms-ideal for entertaining or relaxing. Multiple outdoor seating areas enhance the guest experience. Whether you're looking to retire and manage on-site or rent all 10 units and manage remotely, this is a turn-key investment. Easy access to FM roads and just 15 minutes from I-69. An additional shaded, undeveloped section offers potential for RV sites. Listed at $895,000-don't miss out!
MLS# 457196

Courtesy Of First Texas Realty- Kingsville

(361) 664-2272

Property Features

  • Age
    21-30 Years Old
  • Amenities
    Water Front
  • Appliances
    Refrigerator
  • Floor Covering
    Tile, Vinyl
  • Lot Size
    2.61 Acres

Map and Directions

Directions to 990 E Fm 628, Riviera, TX 78379

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.