615-619 S TANCAHUA STREET, CORPUS CHRISTI, TX 78401
Homes for sale in Corpus Christi.
Homes for sale in 78401.
List Price$975,000
615-619 S Tancahua Street
Corpus Christi, TX 78401
Listing #481447
About This Property
24-Unit Multifamily Investment Opportunity Near Downtown Corpus Christi & the Bay Opportunities like this don't come to market every day. This 24-unit apartment complex offers investors the chance to acquire a well-positioned multifamily asset just minutes from Corpus Christi Bay and downtown Corpus Christi. The property features a diverse unit mix of studios, one-bedroom, and two-bedroom apartments, creating flexibility to serve a broad tenant base. Additional value comes from on-site storage and 14 covered parking spaces. There is also an opportunity to further increase income and operational efficiency. One unit could be utilized for on-site management, converted into a dedicated laundry facility to generate additional revenue, or leased as an additional studio apartment. The property has already benefited from numerous capital improvements, including exterior paint, new roofs, updated electrical panels, and plumbing repairs--helping position the asset for its next phase of ownership. For seasoned investors, this is an opportunity to add a 24-unit multifamily property in a desirable Corpus Christi location with existing improvements, multiple income-enhancement possibilities, and potential for continued value creation. Add this established multifamily asset to your portfolio and capitalize on the opportunity to maximize its income-producing potential.
Property Features
Location Information
County
Nueces
Subdivision
South End
Interior Features
Interior
Other, Window Treatments
Laundry
Other
Heating
Gas, Window Unit
Appliances
Electric Oven, Electric Range, Gas Oven, Gas Range, Refrigerator, Range Hood
Cooling
Central Air, Window Unit(s)
Total Number of Units
0
Floors
Carpet, Hardwood, Laminate
Exterior Features
Stories
2
Parking Description
Asphalt, Concrete, Carport, Gravel, Rear/Side/Off Street
Foundation
Pillar/Post/Pier, Slab
Lot Size in Acres
1.28
Possession
Close Of Escrow
Lot Size in Sq. Ft.
55,966
Water / Sewer
Public Sewer
Has Waterfront
No
Water
Public
School
Elementary School District
Corpus Christi ISD
Middle School
Driscoll
Elementary School
Allen
High School
Miller
Additional Information
Roof/Attic
Flat, Shingle
Property SubType 2
Residential
Other Utilities
Natural Gas Available, Phone Available, Sewer Available, Water Available
Year Built
1925
Property Type
SFR
Status
Active
Property SubType
Apartment
Square Feet Source
Appraiser
Similar Listings
Mortgage Calculator
$4,552
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$3,513
Monthly Tax
$812
Monthly Insurance
$227
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
Real Estate IDX Powered by iHomefinder