| Beds 0 | Baths 0 | 4,696 Sqft | 0.24 Acres |
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1 of 8 |
Property Description
This recently renovated 4-plex in the heart of Corpus Christi is a prime investment opportunity. Located on the same block as the premium Ocean Drive block, with million-dollar homes just a few houses down, this property offers unmatched potential. Perfect for value-add strategies, it’s ideal for all types of rental programs, medium-term or short-term rentals to increase rents. Each unit features generously sized rooms, washer/dryer hookups, and updated interiors, making it a desirable rental property with a 95% occupancy rate. With a current rent roll of $4500 and a pro forma of $4,700, this property delivers strong cash flow with room for growth. Additional value-add opportunities include an exterior paint upgrade and implementing a RUBS (Ratio Utility Billing System), further boosting your return. This property is perfect for FHA buyers, offering a 3.5% down payment option to live in one unit while renting out the others. For investors, 1031 exchange and DSCR loan options are also available. This is part of a larger portfolio with multifamily options ranging from duplexes to 10-plexes. Contact us for information on other available properties in Corpus Christi and San Antonio.
General Information
Sale Price: $415,000
Price/SqFt: $88
Status: Active
MLS#: 453363
Post Office: corpus christi
Acres: 0.24
Lot Dimensions: -
Bedrooms:0
Bathrooms:0 (0 full, 0 half)
House Size: 4,696 sq.ft.
Acreage: 0.24 est.
Year Built: 1942
Property Type: Quadruplex
Style: -
Features & Room Sizes
Paved Road: -
Garage: -
Construction: -
Exterior Misc: -
Pool: Yes
Pool Description: -
Basement: -
Appliances: -
Cooling: Window Unit(s)
Heating: Window Unit Central Gas
Waste: Public Sewer
Watersource: Public
Community/Association Features
CommunityFeatures: -
Association Amenities: -
Tax, Fees & Legal
Legal Description: BESSAR PARK BLK 4 LOT 15
HOA fees:
Information provided by South Texas MLS Listing information provided courtesy of the Corpus Christi Association of REALTORS
®. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS.
Listing By: Payton Dodson of TruStar Real Estate, Phone: (877) 400-0340
