254 ROSEBUD AVENUE, CORPUS CHRISTI, TX 78404

Homes for sale in Corpus Christi.

Homes for sale in 78404.


Active

List Price$369,900

254 Rosebud Avenue

Corpus Christi, TX 78404

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

Listing #479382

4,696

Square Feet

4

Number of Units

Multi-Unit Residential

Type

About This Property

Seller Financing Available. A cash-flowing fourplex, one block off Ocean Drive, priced to clear the 1% rule on real rent -- and open to flexible terms. Whether you're moving in, adding a stabilized asset to your portfolio, or racing a 1031 clock, this is a rare combination of location, income, and deal structure that doesn't come around often in this neighborhood. Fourplex -- all 2-bed / 1-bath units, 4,696 SF total on a 10,498 SF lot. Current income mix: 1 long-term tenant, 3 units operated as MTR/STR Rent collected: ~$4,438/mo -- clears the 1% rule at list price (~1.2% rent-to-price ratio) Owner-occupants (FHA): Move into one unit and let the other three carry your mortgage. FHA financing opens the door with as little as 3.5% down, and the existing rent roll already supports strong debt coverage. Rarely does a property this well-located pencil this easily for a first-time buyer. Value-add investors: A stabilized asset that already cash flows, with upside still on the table -- light unit turns, further STR/MTR optimization, and RUBS not yet implemented. You're not betting on a turnaround; you're buying performance and layering on growth. 1031 exchange buyers: Clean, income-producing, and easy to underwrite fast -- built for buyers working against exchange deadlines who need certainty, not a project. Deal Terms -- Built for Buyers -- Seller financing available -- flexible down payment and interest-only terms, ask for details. All-cash offers reviewed and prioritized. Open to FHA, DSCR, conventional, and 1031 exchange buyers. One block from Ocean Drive, in the established Del Mar / Bessar Park neighborhood. Walking distance to Del Mar College; minutes from downtown and the Spohn Shoreline hospital district. Zoned to Menger Elementary, Baker Middle (rated "A"), and Ray High School. Real cash flow, flexible terms, and a location that holds tenant demand year-round -- this is a property built to close.

Property Features

Location Information

County

Nueces

Subdivision

Bessar Park

Interior Features

Interior

Other

Floors

Hardwood, Tile

Heating

Window Unit, Central, Gas

Laundry

Washer Hookup, Dryer Hookup

Cooling

Window Unit(s)

Total Number of Units

4

Exterior Features

Stories

2

Parking Description

Carport, Rear/Side/Off Street

Foundation

Pillar/Post/Pier, Slab

Lot Size in Acres

0.24

Water / Sewer

Public Sewer

Lot Size in Sq. Ft.

10,498

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

Shingle

Property SubType 2

Residential

Other Utilities

Sewer Available, Water Available

Year Built

1942

Property Type

RI

Status

Active

Property SubType

Quadruplex

Square Feet Source

Appraiser

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Mortgage Calculator

$1,726

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$1,332

Monthly Tax

$308

Monthly Insurance

$86

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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