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

Active

List Price$769,000

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

Listing #474975

6,000

Square Feet

House

Type

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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