254 Rosebud Ave,Corpus Christi, TX 78404
Corpus Christi, TX 78404
Description
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.
Details
| MLS # | 453363 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1942 |
| Days On Site | 150 |
| Listing Provided By | TruStar Real Estate | Payton Dodson |
Features
| SQ Feet | 4,696 |
|---|---|
| Car Port | Yes |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 1 |
| Acreage | 0.24 |
Taxes
| Property | 3757 |
|---|
Market Activity 78404
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Learn More About This Property
| State | TX |
|---|---|
| County | Nueces |
| City | Corpus Christi |
| Zip Code | 78404 |
| Community Name | Bessar Park |
| School District | Corpus Christi ISD |
| Elementary School | Menger |
| Middle School | Baker |
| High School | Ray |
| Listing VS Median (in Bessar Park) | |
Price: $399,000 low | high Med: $380,500 SqFt: 4,696 low | high Med: 2,822 $ / SqFt: $85 low | high Med: $135 On site: 150 low | high Med: 40.000000 | |
