254 Rosebud AVE Active Save Request In-Person Tour Request Virtual Tour
Corpus Christi,TX 78404
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,696 sqft
Price per Sqft $88
Subdivision Bessar Park
MLS Listing ID 453363
HOA Y/N No
Year Built 1942
Annual Tax Amount $12,212
Lot Size 10,454 Sqft
Acres 0.24
Property Sub-Type Quadruplex
Property 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.
Location
State TX
County Nueces
Interior
Interior Features Other
Heating Window Unit,Central,Gas
Cooling Window Unit(s)
Flooring Hardwood,Tile
Fireplace No
Laundry Washer Hookup,Dryer Hookup
Exterior
Parking Features Carport,Rear/Side/Off Street
Utilities Available Natural Gas Available,Sewer Available,Water Available
Roof Type Shingle
Building
Lot Description Corner Lot
Story 2
Entry Level Two
Foundation Pillar/Post/Pier,Slab
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
Elementary Schools Menger
Middle Schools Baker
High Schools Ray
School District Corpus Christi Isd
Others
Tax ID 066600040150
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan
Virtual Tour https://www.propertypanorama.com/instaview/cor/453363