$395,000 for Sale
2129 16th street , corpus christi, TX 78404
| Beds 0 | Baths 0 | 3,360 Sqft | 0.22 Acres |
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Property Description
This recently renovated 4-plex in the heart of Corpus Christi is a prime investment opportunity. Each unit features generous-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 $3,900 and a pro forma of $4,200, this property offers strong cash flow with room for growth. There are additional value-add opportunities, such as an exterior paint upgrade and implementing a RUBS (Ratio Utility Billing System), further boosting your return. Plus, there's potential to convert the back storage space into a 5th unit. 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 property is a part of a larger multifamily portfolio, with other properties available.
Waterfront
Water Name: -
Water Description: -
General Information
City: corpus christi
Post Office: corpus christi
Schools: corpus christi isd
County: Nueces
Subdivision: p a cliffs
Acres: 0.22
Lot Dim: -
Bedrooms:0
Bathrooms:0 (0 full, 0 half)
House Size: 3,360 sq.ft.
Acreage: 0.22 est.
Year Built: 1961
Property Type: Quadruplex
Style: -
Features & Room Sizes
Pole Buildings:
Paved Road: -
Garage: - Car
Construction: -
Exterior Misc: -
Basement: -
Appliances: Electric Oven Electric Range Refrigerator
Cooling: Central Air
Heating: Central Electric
Waste: Public Sewer
Watersource: Public
Tax, Fees & Legal
HOA fees:
Legal Description: P A CLIFFS N5' OF LT 15 ALL LTS 16 & 17 & S20' OF LT 18 BLK 1406A
Listing Courtesy of: Payton Dodson of TruStar Real Estate
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.
This listing last updated: Mon, December 09, 2024 at 4:41:11 PM EST
CCAR Listing Data Last Updated on Mon, December 30 2024 at 11:17am
