$229,000
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2,276 SqFt
SOLD DATE : 01/20/2022
Key Details
Property Type Multi-Family
Sub Type Multiple Detached Dwellings
Listing Status Sold
Purchase Type For Sale
Square Footage 2,276 sqft
Price per Sqft $98
Subdivision Montrose Park
MLS Listing ID 57665928
Year Built 1996
Annual Tax Amount $1,978
Tax Year 2021
Lot Size 0.275 Acres
Property Description
Brilliant Value-add opportunity for a savvy investor to add to their rental portfolio. This 7 unit apartment complex has individually metered electrical boxes for each unit. Landlord pays for water (and gas if they decide to keep gas after rehab). Each unit has the potential to rent for ~$550 after rehab. Rent could be higher if the investor chooses to bring section 8 tenants. The area is gentrifying quickly and is within walking distance to the local elementary school, restaurants, CVS pharmacy and within ~5 min drive of major groceries like HEB. Biking distance to Corpus Christi Bay.
Location
State TX
County Nueces
Interior
Heating Window Unit
Cooling Window Units
Exterior
Roof Type Composition
Building
Story 1
New Construction No
Schools
Elementary Schools Zavala Elementary School (Corpus Christi)
Middle Schools Martin Middle School (Corpus Christi)
High Schools Miller High School Ctr For Communication
School District 440 - Corpus Christi
Others
Acceptable Financing Cash Sale, Conventional, Investor
Listing Terms Cash Sale, Conventional, Investor
Special Listing Condition No Disclosures
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Bought with JPAR - The Sears Group
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