For Sale For Rent
Advertise
bedrooms
bedrooms
8
bathrooms
bathrooms
0
square feet
square feet
4,696
acreage
Acreage
0.24
open houses
Open Houses
-
year built
year built
1942
full baths
Full Baths
0
half baths
Half Baths
0
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.
Location
Subdivision Bessar Park
County Nueces
Elementary School Menger
Middle School Baker
High School Ray
Exact location data not provided
no map
open houses Open houses
None scheduled.
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MLS number: 453363
Listing agent: Payton Dodson #0583922
Listing broker: Trustar Real Estate (877) 400-0340
Copyright © 2025 South Texas Multiple Listing Service, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.   [source]
Last update: Wednesday, January 22 2025 at 5:50 p.m. EST
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