Rare opportunity to acquire a 12-unit apartment building in Corpus Christi for under $1M. Currently 30% occupied. It's an ideal repositioning asset for an investor looking to capitalize on upside via renovation and lease-up. The building is well-located with strong rental demand and market comps to support the proforma assumptions. Significant upside through lease-up and stabilization.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 12
- Full Bathrooms: 12
Heating and Cooling
- Cooling Features: Electric, CentralAir
- Heating Features: Central, Electric
- Heating: Yes
Interior Features
- Flooring: CeramicTile, Tile
Land Info
- Lot Description: IrregularLot
- Lot Size Acres: 0.4
- Lot Size Square Feet: 17441
Garage and Parking
- Parking Features: Covered
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
School Information
- Elementary School: Tuloso Midway
- Elementary School District: Tuloso Midway ISD
- High School: Tuloso Midway
- High School District: Tuloso Midway ISD
- Middle School: Tuloso Midway
- Middle or Junior School District: Tuloso Midway ISD
Other Property Info
- Annual Tax Amount: 18620
- Tax Block: 1
- Source Listing Status: Pending
- County: Nueces
- Source Property Type: Residential
- Source Neighborhood: Medford Acres
- Parcel Number: 504500010035
- Postal City: Corpus Christi
- Subdivision: Medford Acres
- Property Subtype: Apartment
Building and Construction
- Total Square Feet Living: 10640
- Year Built: 1973
- Building Area Source: Appraiser
- Building Area Total: 10640
- Levels: ThreeOrMore
- Living Area Source: Appraiser
- Property Age: 52
- Levels or Stories: 3
- Building Total Stories: 3
Utilities
- Sewer: PublicSewer
- SewerAvailable
- WaterAvailable
- Water Source: Public