For Sale
$415,000

254 Rosebud AveCorpus Christi, TX 78404

Prime 4-unit apartment building, high occupancy.

Overview

Added:
Jan 24
Days on market:
72
This recently renovated four-unit apartment building in Corpus Christi, Texas presents a compelling investment opportunity. Located on the same block as the prestigious Ocean Drive, with million-dollar homes nearby, this property boasts significant upside potential. Each of the four units features generously sized rooms and updated interiors, including washer/dryer hookups. Currently achieving a 95% occupancy rate, the property generates a strong rental income of $4,500 per month, with a pro forma of $4,700, indicating substantial room for growth. Value-add strategies, such as exterior painting and implementing a RUBS system, could further enhance profitability. The property's location and condition make it attractive to various rental programs, including medium-term and short-term rentals. This property is particularly well-suited for FHA buyers, offering a 3.5% down payment option, allowing owner-occupancy while generating rental income from the remaining units. Additionally, 1031 exchange and DSCR loan options are available for investors. This is one of several multifamily properties available, ranging from duplexes to larger complexes. The property is situated at 254 Rosebud Ave, Corpus Christi, TX 78404, and is offered at an asking price of $415,000.

Highlights

  • $415,000 asking price for a four-unit apartment building.
  • Located at 254 Rosebud Ave, Corpus Christi, TX 78404.
  • Recently renovated, with updated interiors and washer/dryer hookups in each unit.
  • Currently generating $4,500 monthly rent, with a pro forma of $4,700.
  • Offers value-add potential through exterior upgrades and implementing a RUBS system.

Property Details for 254 Rosebud Ave

Property type
Apartment buildings
Buildings
1
Units
4

Location Insight

City
Corpus Christi
County
Nueces
State
Texas
Latitude
27.7663412
Longitude
-97.3903329
254 Rosebud Ave, Corpus Christi, Texas

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254 Rosebud Ave
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