1419 Laredo St , Corpus Christi, TX 78401
Corpus Christi, TX 78401
Description
Investors, take note! This 9-unit multifamily property is a cash cow, delivering excellent cash flow and strong rental demand. Located just minutes from downtown Corpus Christi, this complex offers a prime location with close proximity to shopping, dining, and entertainment. Of the 9 apartments, several have been recently updated, attracting quality tenants and increasing the property's overall value. 7 out of 9 units are currently leased, providing a steady income stream. At the current rental rates, the property generates $6,095 per month in gross rent, with room to increase profits by making additional cosmetic renovations to further boost the rental potential. The property is currently professionally managed, providing a hassle-free investment. Whether you're looking to expand your portfolio or get started with a strong-performing asset, this property offers high returns and growth potential in a thriving market. Don't miss out on this opportunity to acquire this cash cow!
Details
| MLS# | 447223 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1955 |
| Days On Site | 53 |
| Listing Provided By | NB Elite Realty | Tyler Fox |
Features
| SQ Feet | 2,679 |
|---|---|
| Story(s) | 2 |
| Building(s) | 2 |
| Acreage | 0.25 |
Market Activity 78401
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Learn More About This Property
| State | TX |
|---|---|
| County | Nueces |
| City | Corpus Christi |
| Zip Code | 78401 |
| Community Name | South Bluff |
| Listing VS Median (in South Bluff) | |
Price: $389,000 low | high Med: $389,000 SqFt: 2,679 low | high Med: 2,679 $ / SqFt: $145 low | high Med: $145 On Site: 53 low | high Med: 53.000000 | |