bedrooms
8
bathrooms
0
square feet
4,696
Acreage
0.24
Open Houses
-
year built
1942
Full Baths
0
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
Find out more
Tell us who you are, and we will have someone reach out to you.
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.
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Last update: Wednesday, January 22 2025 at 5:50 p.m. EST
Kotohomes National
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