254 ROSEBUD AVENUE, CORPUS CHRISTI, TX 78404
Homes for sale in Corpus Christi.
Homes for sale in 78404.
List Price$369,900
254 Rosebud Avenue
Corpus Christi, TX 78404
Listing #479382
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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