Investors, take note! This 9-unit multifamily property is a cash cow, delivering excellent cash flow and strong rental demand. Located just minutes from downtown Corpus Christi, this complex offers a prime location with close proximity to shopping, dining, and entertainment. Of the 9 apartments, several have been recently updated, attracting quality tenants and increasing the property's overall value. 7 out of 9 units are currently leased, providing a steady income stream. At the current rental rates, the property generates $6, 095 per month in gross rent, with room to increase profits by making additional cosmetic renovations to further boost the rental potential. The property is currently professionally managed, providing a hassle-free investment. Whether you're looking to expand your portfolio or get started with a strong-performing asset, this property offers high returns and growth potential in a thriving market. Don't miss out on this opportunity to acquire this cash cow!
Property Features
Bathrooms
Interior Features
- OpenFloorplan
- Flooring: Laminate, Linoleum, Vinyl
- Window Features: WindowCoverings
Appliances
- FreeStandingRange
- GasOven
- GasRange
- Refrigerator
- Laundry Features: WasherHookup, DryerHookup
Heating and Cooling
- Cooling Features: WindowUnits
- Heating Features: WindowUnit
- Heating: Yes
Exterior and Lot Features
- Fencing: ChainLink
- Road Surface Type: Asphalt
Land Info
- Lot Description: InteriorLot
- Lot Size Acres: 0.25
- Lot Size Square Feet: 10907
Garage and Parking
- Garage Description: Gravel, RearSideOffStreet
- Parking Features: Gravel, RearSideOffStreet
- Parking Total: 9
Multi-Unit Info
- Number of Buildings: 2
- Number of Units In Community: 9
School Information
- Elementary School: Allen
- Elementary School District: Corpus Christi ISD
- High School: Miller
- High School District: Corpus Christi ISD
- Middle School: Driscoll
- Middle or Junior School District: Corpus Christi ISD
Homeowners Association
- Calculated Total Monthly Association Fees: 0
Other Property Info
- Annual Tax Amount: 2797
- Tax Block: 31
- Source Listing Status: Active
- County: Nueces
- Source Property Type: Residential
- Property Subtype: condo
- Source Neighborhood: South Bluff
- Parcel Number: 816100310050
- Postal City: Corpus Christi
- Subdivision: South Bluff
- Property Subtype: Apartment
- Lot Number: 4
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 2679
- Year Built: 1955
- Building Area Source: Appraiser
- Building Area Total: 2679
- Construction Materials: HardiplankType, WoodSiding
- Foundation Details: PillarPostPier
- Levels: Two
- Living Area Source: Appraiser
- Property Age: 69
- Roof: Shingle
- Levels or Stories: 2
- Building Total Stories: 2
Utilities
- Sewer: PublicSewer
- NaturalGasAvailable
- SewerAvailable
- WaterAvailable
- Water Source: Public
Home Features
- Security Features: SmokeDetectors