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
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