419 GULFSPRAY AVENUE, CORPUS CHRISTI, TX 78402
Homes for sale in Corpus Christi.
Homes for sale in 78402.
419 Gulfspray Avenue
Corpus Christi, TX 78402
List Price$365,000
Listing #473711
About This Property
11%+ CAP RATE! FURNISHED TRIPLEX ON NORTH BEACH -- INVESTOR OPPORTUNITY Exceptional investment opportunity just two blocks from the beach on North Beach in Corpus Christi. This furnished triplex offers strong income potential and a prime location near top attractions, including the Texas State Aquarium, USS Lexington, and local restaurants. Conveniently situated just over the Harbor Bridge from Downtown Corpus Christi, Whataburger Field, the Marina, museums, I-37, and more. The property features a new roof installed in 2022 and three well-maintained units. The upstairs unit, approximately 1,060 square feet, is an updated 2-bedroom, 2-bathroom with central air, granite countertops, laminate and vinyl flooring for easy beach cleanup, and a wood-burning fireplace. Walkway decks surround the upper level, providing outdoor space and coastal breezes. The two downstairs units are updated 1-bedroom, 1-bathroom layouts with hard-surface flooring, tiled walk-in showers, and window units. These units have been successfully rented on a week-to-week basis to project workers but offer significant income upside as short-term or vacation rentals, especially during peak tourist seasons. The North Beach Canal Project, if completed as planned, is expected to enhance the area's value and appeal even further. Current and potential rental rates easily surpass the 1% rule, making this a rare find for investors seeking strong cash flow in a desirable location. Whether you are looking to expand your rental portfolio, operate a short-term rental business, or enjoy a personal beach retreat with rental income, this property delivers excellent versatility and return potential.
Property Features
Location Information
County
Nueces
Subdivision
Brooklyn
Interior Features
Interior
Window Treatments, Breakfast Bar
Cooling
Electric, Central Air, Window Unit(s)
Full Baths
4
Floors
Laminate, Vinyl
Has Fireplace
Yes
Laundry
None
Number of Fireplaces
1
Appliances
Electric Cooktop, Electric Oven, Electric Range, Refrigerator, Range Hood
Fireplace Description
Wood Burning
Total Number of Units
1
Heating
Window Unit, Central, Electric
Exterior Features
Stories
2
Parking Description
Concrete, Front Entry, Other, On Street
Construction/Exterior
Frame, Wood Siding
Fencing
None
Exterior
Deck
Patio / Deck Description
Covered, Deck, Open, Patio
Foundation
Slab
Lot Size in Acres
0.11
Possession
Subject To Tenant Rights
Lot Size in Sq. Ft.
4,713
Water / Sewer
Public Sewer
Road Description
Asphalt, Concrete
Water
Public
Has Waterfront
No
School
Elementary School District
Corpus Christi ISD
Middle School
Wynn Seale
Elementary School
Evans
High School
Ray
Additional Information
Roof/Attic
Shingle
Property SubType 2
Residential
Other Utilities
Sewer Available, Water Available
Year Built
1975
Property Type
SFR
Status
Active
Property SubType
Triplex
Square Feet Source
Appraiser
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Mortgage Calculator
$1,704
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$1,315
Monthly Tax
$304
Monthly Insurance
$85
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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