| Beds 0 | Baths 0 | 4,696 Sqft | 0.24 Acres |
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Property Description
Appraised at $395,000 this year — an opportunity to buy a cash-flowing fourplex below appraised value and step into instant equity. One block from Ocean Drive, this 4,696 SF fourplex features four 2-bed/1-bath units on a 10,498 SF lot. Two units have long-term tenants at approximately $1,050/month each, while two operate as STR/MTR units at approximately $1,350/month each, for approximately $4,800/month in total rental income. Ideal for FHA or VA owner-occupants looking to house hack: live in one unit while rental income from the other three helps offset the mortgage. Also a strong fit for conventional, DSCR, cash, and 1031 exchange buyers looking for an income-producing property with built-in equity. The property is already operating, with additional upside through rent growth, STR/MTR optimization, light unit improvements, and potential RUBS implementation. Located in the established Del Mar/Bessar Park neighborhood, walking distance to Del Mar College and minutes from downtown and the Spohn Shoreline hospital district. Buy below a recent $395K appraisal, gain immediate equity, and own four income-producing units in a location with year-round rental demand.
General Information
Sale Price: $359,000
Price/SqFt: $76
Status: Active
MLS#: 479382
Post Office: corpus christi
Acres: 0.24
Lot Dimensions: -
Bedrooms:0
Bathrooms:0 (0 full, 0 half)
House Size: 4,696 sq.ft.
Acreage: 0.24 est.
Year Built: 1942
Property Type: Quadruplex
Style: -
Features & Room Sizes
Paved Road: -
Garage: -
Construction: -
Exterior Misc: -
Pool: Yes
Pool Description: -
Basement: -
Appliances: -
Cooling: Window Unit(s)
Heating: Window Unit Central Gas
Waste: Public Sewer
Watersource: Public
Community/Association Features
CommunityFeatures: -
Association Amenities: -
Tax, Fees & Legal
Legal Description: BESSAR PARK BLK 4 LOT 15
HOA fees:
Information provided by South Texas MLS Listing information provided courtesy of the Corpus Christi Association of REALTORS
®. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS.
Listing By: Payton Dodson of TruStar Real Estate, Phone: (877) 400-0340
