πŸ”₯ 🏑 Four-Plex Off-Market Opportunity in Corpus Christi πŸ’ΈπŸ’ΈπŸ’ΈπŸ’Έ

Nueces County, Corpus Christi, TX, 78413
Sold
Listed at: December 28th, 2021
Price
$497,500
ARV
$675,000
Gross Margin
$177,500
Sq. Footage
4146
Type
Multifamily
Parking
Detached Garage
Year build
1984
Lot size
11146.00 sqft
Bedrooms
2
Bathrooms
1.5
Half Bathrooms
0
Summary

Location, location, location!! Located in growing South Side and already cash-flowing as is. With close proximity to everything, it is a flipper's dream. Perfect for Short, Medium or even Long term rentals! This multifamily home offers an investor an outlet to create beautiful homes. It is very clean and livable.

2 units are 2 Beds/1.5 Baths

2 Units are 1 Bed/1.5 Baths

Individual 2-Car Garage

Units have been updated over the years

Current Rents $1,000-$1,300; Total Rent Roll $4,450

PROPERTY DETAILS & NEEDS:

  • Inspection report will be made available to any interested parties
  • Year Built 1984
  • The roof is 9 years old
  • Interior Updates in various Units
  • Two HVACs are 3-4 years old; Two 10+ years old
  • Fire Place in each unit
  • Each unit has a 2 Car Garage
  • Original Windows
  • Tenants Pay Utilities
  • In-Ground Irrigation
  • 100% occupied

This is a great opportunity to secure a cash flowing asset in the heart of Corpus Christi at an amazing price!

ASKING PRICE $497,500

BY January 17, 2022

Option 1: Fix and Flip (Short/Medium Rental)

Per Unit Analysis:

  • AirDNA Average Daily rate $174 (Est Revenue $29,954)

Option 2: Fix and Flip (Sell)

Option 3: Fix and Flip (Buy/Hold)

ONE TIME INSPECTION: 1/6 Wednesday@11 AM

  • 30 minute inspection time
  • If you can not make it, send a representative or contractor
  • RSVP Mandatory

How Do I Get THIS Deal?

  • First read through "Our Wholesale Process"
  • If you decide you want the property, making an offer is easy. Click the "Make an Offer" button on the right-hand side of this page to submit your offer. If accepted, we will call you, confirm our process, and send an agreement. It's a very simple process and we make it painless for all parties involved.
  • Please DO NOT go directly to the address
  • REALTORS, add your commission amount, and bring us a buyer!

We are selling our assignable purchase contract.

Please note our properties are sold AS-IS, without contingencies, buyer pays 100% of closing costs, OUR title company will handle all the title work and settlements.


WHEN is it happening?

Offer Deadline: January 7, 2022

Closing: January 17, 2022

WHY this property?

  • Cash-Flowing as is with multiple other exit strategies
  • Perfect flip or rental opportunity with huge profit potential due to the desirable and growing location!
  • Extremely convenient location and all amenities


Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Antione Fernandes

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