Group One Real Estate
Julie McCoy , Group One Real EstatePhone: (361) 765-7029
Email: [email protected]
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listing
1 of 16
Single FamilyFor Sale
$395,000
2129 16th Street
Corpus Christi, TX 78404
Courtesy of TruStar Real Estate
MLS: Corpus Christi/Coastal Bend
3,360Sq Ft
Est. Mortgage
$2,139/mo

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 of $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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Information courtesy of TruStar Real Estate is subject to verification and is not guaranteed.
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