10518 HEIZER DRIVE, CORPUS CHRISTI, TX 78410
Homes for sale in Corpus Christi.
Homes for sale in 78410.
10518 Heizer Drive
Corpus Christi, TX 78410
List Price$874,900
Listing #457503
24
Bedrooms
12 full, 6 partial
Bathrooms
10,640
Square Feet
House
Type
About This Property
Rare opportunity to acquire a 12-unit apartment building in Corpus Christi for under $1M. Currently 30% occupied. It's an ideal repositioning asset for an investor looking to capitalize on upside via renovation and lease-up. The building is well-located with strong rental demand and market comps to support the proforma assumptions. Significant upside through lease-up and stabilization. Market rents projected at $995/unit Stabilized gross income: $131,340 Stabilized NOI: ~$92,000 Property is being sold as-is. Buyers to verify all information.
Property Features
Location Information
County
Nueces
Subdivision
Medford Acres
Interior Features
Interior
None
Cooling
Central Air
Full Baths
12
Floors
Carpet, Ceramic Tile
1/2 Baths
6
Laundry
Other
Heating
Central, Electric
Total Number of Units
0
Exterior Features
Stories
2
Parking Description
Covered
Foundation
Other
Lot Size in Acres
0.4
Possession
Subject To Tenant Rights
Lot Size in Sq. Ft.
17,441
Water / Sewer
Public Sewer
Buildings
1
Water
Public
Has Waterfront
No
School
Elementary School District
Tuloso Midway ISD
Middle School
Tuloso Midway
Elementary School
Tuloso Midway
High School
Tuloso Midway
Additional Information
Roof/Attic
Other
Property SubType 2
Residential
Other Utilities
Sewer Available, Water Available
Year Built
1973
Property Type
SFR
Status
Active Under Contract
Property SubType
Apartment
Square Feet Source
Appraiser
Mortgage Calculator
$4,085
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$3,152
Monthly Tax
$729
Monthly Insurance
$204
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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