1. Texas
  2. Corpus Christi
  3. 254 Rosebud Ave
$399,000

254 Rosebud Ave, Corpus Christi, TX 78404

  • 4,696 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1942
  • Property Lot Size Icon10,454sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $85/sqft
  • Property List Date Icon Listed 5 months ago

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.

Listing Status:
Active
Listing Office:
TruStar Real Estate : (877) 400-0340
Listing Agent:
Payton Dodson : (361) 742-7477
MLS ID:
453363
  • General: Other
  • Laundry: Washer HookupDryer Hookup
  • Flooring: HardwoodTile
  • A/C: Window Unit(s)
  • Heating: Window UnitCentralGas

This listing courtesy of Payton Dodson, TruStar Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Moses Menger Elementary School

2401 S Alameda St, Corpus Christi, TX, 78404

Grades PK-5

0.47 miles away

M

Marvin Baker Middle School

1540 Casa Grande Dr, Corpus Christi, TX, 78411

Grades 6-8

1.65 miles away

W

W.B. Ray High School

1002 Texan Trl, Corpus Christi, TX, 78411

Grades 9-12

0.99 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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250 Rosebud Ave, Corpus Christi, TX 78404
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250 Rosebud Ave Corpus Christi, TX 78404

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