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Realty Executives Corpus Christi & Coastal Bend

michael@realtyexecutives.com +1(512) 740-7615

$ 365,000

Est. payment -/mo

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419 Gulfspray AVE Corpus Christi, TX 78402

4 Beds

4 Baths

1,060 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,060 sqft

Price per Sqft $344

Subdivision Brooklyn

MLS Listing ID 473711

Bedrooms 4

Full Baths 4

HOA Y/N No

Year Built 1975

Annual Tax Amount $3,400

Lot Size 4,791 Sqft

Acres 0.11

Property Sub-Type Triplex

Property Description

11%+ CAP RATE! FURNISHED TRIPLEX ON NORTH BEACH – INVESTOR OPPORTUNITY Exceptional investment opportunity just two blocks from the beach on North Beach in Corpus Christi. This furnished triplex offers strong income potential and a prime location near top attractions, including the Texas State Aquarium, USS Lexington, and local restaurants. Conveniently situated just over the Harbor Bridge from Downtown Corpus Christi, Whataburger Field, the Marina, museums, I-37, and more. The property features a new roof installed in 2022 and three well-maintained units. The upstairs unit, approximately 1,060 square feet, is an updated 2-bedroom, 2-bathroom with central air, granite countertops, laminate and vinyl flooring for easy beach cleanup, and a wood-burning fireplace. Walkway decks surround the upper level, providing outdoor space and coastal breezes. The two downstairs units are updated 1-bedroom, 1-bathroom layouts with hard-surface flooring, tiled walk-in showers, and window units. These units have been successfully rented on a week-to-week basis to project workers but offer significant income upside as short-term or vacation rentals, especially during peak tourist seasons. The North Beach Canal Project, if completed as planned, is expected to enhance the area's value and appeal even further. Current and potential rental rates easily surpass the 1% rule, making this a rare find for investors seeking strong cash flow in a desirable location. Whether you are looking to expand your rental portfolio, operate a short-term rental business, or enjoy a personal beach retreat with rental income, this property delivers excellent versatility and return potential.

Location

State TX

County Nueces

Interior

Interior Features Window Treatments, Breakfast Bar

Heating Window Unit, Central, Electric

Cooling Electric, Central Air, Window Unit(s)

Flooring Laminate, Vinyl

Fireplaces Number 1

Fireplaces Type Wood Burning

Fireplace Yes

Appliance Electric Cooktop, Electric Oven, Electric Range, Refrigerator, Range Hood

Laundry None

Exterior

Exterior Feature Deck

Parking Features Concrete, Front Entry, Other, On Street

Fence None

Utilities Available Sewer Available, Water Available

Roof Type Shingle

Porch Covered, Deck, Open, Patio

Total Parking Spaces 6

Building

Lot Description Other, Subdivided

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

Additional Building None

New Construction No

Schools

Elementary Schools Evans

Middle Schools Wynn Seale

High Schools Ray

School District Corpus Christi Isd

Others

Tax ID 105500650115

Security Features Smoke Detector(s)

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Virtual Tour https://www.propertypanorama.com/instaview/cor/473711

Corpus Christi/Coastal Bend (CCMLS) - South Texas MLS

Listed by Weichert REALTORS - The Place • Diane Gardner

Realty Executives Corpus Christi & Coastal Bend

Regional Developer Texas | License ID: 408918

+1(512) 740-7615

Realty Executives Corpus Christi & Coastal Bend

419 Gulfspray AVE Corpus Christi, TX 78402

Key Details

Location

Interior

Exterior

Building

Schools

Others

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419 Gulfspray AVE