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2129 16th Street, Corpus Christi, TX 78404

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For Sale

$395,000

8 beds • 3,360 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Multi-Family (2-4 Units)
    Property type

  • $117.56
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

This recently renovated 4-plex in the heart of Corpus Christi is a prime investment opportunity. Each unit features generous-sized rooms, washer/dryer hookups, and updated interiors, making it a desirable rental property with a 95% occupancy rate. With a current rent roll of $3,900 and a pro forma of $4,200, this property offers strong cash flow with room for growth. There are additional value-add opportunities, such as an exterior paint upgrade and implementing a RUBS (Ratio Utility Billing System), further boosting your return. Plus, there's potential to convert the back storage space into a 5th unit. This property is perfect for FHA buyers, offering a 3.5% down payment option to live in one unit while renting out the others. For investors, 1031 exchange and DSCR loan options are also available. This property is a part of a larger multifamily portfolio, with other properties available.
MLS# 449089

Courtesy Of TruStar Real Estate

(877) 400-0340

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Oven, Range, Refrigerator
  • Architecture Style
    Other
  • Floor Covering
    Vinyl
  • Heating System
    Central Furnace
  • Lot Size
    0.22 Acres

Map and Directions

Directions to 2129 16th Street, Corpus Christi, TX 78404

Home seller CENTURY 21 Integra

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Monthly Payment Breakdown

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  • Property Taxes
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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