Listing Courtesy of: Payton Dodson - TruStar Real Estate
877-400-0340
$395,000
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2129 16th Street Corpus Christi, TX 78404
Fourplex
Residence
Beds
Baths
3,360
Sq. Ft.
0.22
Acre
Lot
Property Activity
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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 o...f $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 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.
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MLS#
449089
Property Type
Fourplex
Year Built
1961
Square Feet
3,360
sq. ft
Lot Size
0.22
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