Listing Courtesy of: Payton Dodson - TruStar Real Estate
877-400-0340
$415,000
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254 Rosebud Avenue Corpus Christi, TX 78404
Multi-Family
Residence
Beds
Baths
...
Bed/Bath
4,696
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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 al...l 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.
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MLS#
453363
Property Type
Multi-Family
Year Built
1942
Square Feet
4,696
sq. ft
Lot Size
0.24
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