240 INDIANA AVENUE, CORPUS CHRISTI, TX 78404
Homes for sale in Corpus Christi.
Homes for sale in 78404.
240 Indiana Avenue
Corpus Christi, TX 78404
List Price$769,000
Listing #474975
About This Property
6-Unit Multifamily | All 2/2 Layouts | In-Unit W/D | DSCR-Friendly Investor-focused 6-unit property located just one block from Ocean Drive Corpus Christi, one of the most desirable rental corridors in Corpus Christi. What sets this property apart is a rare unit mix of all 2 bed / 2 bath units with in-unit washer and dryer connections --a combination that consistently drives stronger rents and tenant retention compared to typical multifamily inventory in the area. The property is currently generating $7,195/month with a clear path to approximately $7,800/month, and is positioned to qualify for DSCR financing based on in-place income , making it immediately actionable for investors. Over $125,000 has been invested into the asset, including a new roof, recent interior and exterior paint, and overall improvements that allow for a true turnkey ownership experience . Several units feature balconies or decks, further increasing tenant appeal in this coastal location. Surrounded by homes valued above $500,000, the property benefits from both strong rental demand and long-term appreciation fundamentals. This is a clean opportunity for a DSCR investor, 1031 exchange buyer, or VA buyer looking to occupy one unit while offsetting expenses with rental income . A stabilized asset with a tenant-friendly layout that is difficult to replicate at this price point.
Property Features
Location Information
County
Nueces
Subdivision
Beau Jardin Condo / BessarPark
Interior Features
Interior
Other
Laundry
Washer Hookup, Dryer Hookup
Heating
Central, Electric
Appliances
Dishwasher, Electric Oven, Electric Range, Refrigerator
Cooling
Central Air
Total Number of Units
0
Floors
Laminate
Exterior Features
Stories
2
Parking Description
Rear/Side/Off Street
Foundation
Slab
Lot Size in Acres
0.32
Water / Sewer
Public Sewer
Lot Size in Sq. Ft.
13,992
Water
Public
Has Waterfront
No
School
Elementary School District
Corpus Christi ISD
Middle School
Baker
Elementary School
Menger
High School
Ray
Additional Information
Roof/Attic
Flat, Shingle
Property SubType 2
Residential
Other Utilities
Sewer Available, Water Available
Year Built
1973
Property Type
SFR
Status
Active
Property SubType
Apartment
Square Feet Source
Appraiser
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Mortgage Calculator
$3,590
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$2,771
Monthly Tax
$640
Monthly Insurance
$179
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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