$415,000
For Sale

254 Rosebud Avenue

Corpus Christi, TX 78404
4696 sqft | 0.24 acres | #453363
Browse 8 photos
Type:Purchase
Structure:Townhouse
Zone:Residential

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.

  • Property Details
      • Utility FeaturesNatural Gas Available, Sewer Available, Water Available
      • FoundationPillar Post Pier, Slab
      • School DistrictCorpus Christi Isd
      • Sewer InformationPublic Sewer
      • SubdivisionBessar Park
      • Lot DescriptionCorner Lot
      • Property SubtypeQuadruplex
      • Property TypePurchase
      • Original List Price$415,000
      • Taxes Annual$12,212
      • Utility SourcePublic
      • Elementary SchoolMenger
      • CountyNueces
      • MLS #453363
      • Cost415000
      • MLS #453363
      • InteriorOther
      • Middle SchoolBaker
      • Acres0.24
      • Square Feet4696
      • Year Built1942
      • High SchoolRay
      • Stories2

Location

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​Based on information from South Texas MLS, LLC for the period 01/01/2024 through 12/31/2024. All information provided is deemed reliable but is not guaranteed and should be independently verified. South Texas MLS, LLC provides the MLS and all content therein 'AS IS' and without any warranty, express or implied. The listing data contained is a copyright of Texas Association of REALTORS® and that reproduction or distribution is not allowed. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Last Updated: . Source: STMLS

Listing Courtesy
Listing Agent: Payton Dodson (#0583922)
Listing Office: TruStar Real Estate (#533282)

Manuel NievesReal Estate Group
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    ​Based on information from South Texas MLS, LLC for the period 01/01/2024 through 12/31/2024. All information provided is deemed reliable but is not guaranteed and should be independently verified. South Texas MLS, LLC provides the MLS and all content therein 'AS IS' and without any warranty, express or implied. The listing data contained is a copyright of Texas Association of REALTORS® and that reproduction or distribution is not allowed. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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    IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

    IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.