1517 OCEAN DRIVE, CORPUS CHRISTI, TX 78404

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1517 Ocean Drive

Corpus Christi, TX 78404

Status of the property has changed, please contact for details

List Price$750,000

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Listing #472627

10

Bedrooms

7 full

Bathrooms

5,110

Square Feet

House

Type

About This Property

Ocean Drive Property right across from Cole Park with magnificent views of Corpus Christi Bay and downtown skyline. Walking distance to Spohn Hospital as well as numerous Drs' and a Attorneys offices for convienient commute. This 7-unit property features three 2BD/1BA and four 1BD/1BA units that are located in Downtown Corpus Christi close to Del Mar College and just a scenic rive down Ocean Drive to TAMU-CC as well as NAS Corpu Christi . Each unitAll equipped with appliances & convenient parking. Total rent from all units currently is $6500 / mo. These properties are easy to rent and invite long term tenants. This is and can be a perfect little property to begin your real estate portfolio and is a good opportunity for an enterprising investor. It is our belief with minimal upgrades these could bring $100 - $200 / unit with total income potantioal of $7500n- $8500 / mo. Current owner lives in Tokyo & has been unable to upgrade much considering distance. A local involved owner / operator could really make this place sing and the Ocean Drive adress may oneday prove to be the investment opportunty of a lifetime as property may become future location of expanding hospital or other other more optimum uses of this prime property. Bring all offers .

Property Features

Location Information

County

Nueces

Subdivision

Bay Front Terrace

Interior Features

Interior

None

Cooling

Ductless, Electric, Window Unit(s)

Full Baths

7

Floors

Hardwood, Vinyl

Has Fireplace

No

Laundry

Other

Number of Fireplaces

0

Appliances

Electric Oven, Electric Range, Free-Standing Range, Refrigerator, Range Hood

Heating

Ductless, Electric, Window Unit

Total Number of Units

0

Exterior Features

Stories

1

Fencing

Chain Link, Partial, Wood

Construction/Exterior

Asbestos, Frame

Lot Size in Acres

0.2

Foundation

Pillar/Post/Pier

Lot Size in Sq. Ft.

8,838

Possession

Close Of Escrow

Dimensions

51' x 174 '

Water / Sewer

Public Sewer

Buildings

2

Water

Public

Has Waterfront

No

Parking Description

Asphalt, Carport, Rear/Side/Off Street

Is One Story

Yes

School

Elementary School District

Corpus Christi ISD

Middle School

Baker

Elementary School

Menger

High School

Ray

Additional Information

Roof/Attic

Flat

Property SubType 2

Residential

Other Utilities

Natural Gas Available, Sewer Available, Separate Meters, Water Available

Year Built

1941

Property Type

SFR

Status

Active

Property SubType

Apartment

Square Feet Source

Appraiser

Similar Listings

Mortgage Calculator

$3,502

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$2,702

Monthly Tax

$625

Monthly Insurance

$175

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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