TX > Corpus Christi > P A Cliffs
Corpus Christi, TX 78404,2129 16th ST
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Corpus Christi, TX 78404,2129 16th ST
Corpus Christi, TX 78404,2129 16th ST
Corpus Christi, TX 78404,2129 16th ST
Corpus Christi, TX 78404,2129 16th ST
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Realty Executives Corpus Christi & Coastal Bend

Realty Executives Corpus Christi & Coastal Bend

+1(512) 740-7615
$ 395,000
Est. payment /mo
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2129 16th ST Corpus Christi, TX 78404

3,360 SqFt

UPDATED:

12/09/2024 10:41 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,360 sqft

Price per Sqft $117

Subdivision P A Cliffs

MLS Listing ID 449089

HOA Y/N No

Year Built 1961

Annual Tax Amount $3,995

Lot Size 9,583 Sqft

Acres 0.22

Property Description

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 property is a part of a larger multifamily portfolio, with other properties available.

Location

State TX

County Nueces

Interior

Interior Features Other

Heating Central, Electric

Cooling Central Air

Flooring Vinyl

Fireplace No

Appliance Electric Oven, Electric Range, Refrigerator

Laundry Washer Hookup, Dryer Hookup

Exterior

Parking Features Gravel

Utilities Available Sewer Available, Water Available

Roof Type Flat

Building

Lot Description Other

Story 2

Entry Level Two

Foundation Pillar/Post/Pier

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 610314070150

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Listed by TruStar Real Estate • Payton Dodson

Realty Executives Corpus Christi & Coastal Bend

Regional Developer Texas | License ID: 408918

+1(512) 740-7615

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2129 16th ST