🔥 Sub-To Deal! AirBnb Potential- Multi-Color Cottages In Corpus Christi, TX— Furniture Included!🔥

Nueces County, Corpus Christi, TX, 78401
Sold
Listed at: August 5th, 2022
Price
$1,399,000
Sq. Footage
8792
Type
Multifamily
Parking
Assigned
Year build
2016
Lot size
0 acres
Bedrooms
28
Bathrooms
14
Half Bathrooms
0
Summary

1603 Caldwell St, Corpus Christi, TX 78401


Property Overview

14 Standalone Apartments

8,792 sqft

28 beds / 14 baths (total)

  • 2 beds / 1 bath each unit

2016 Build


AirBnb Potential (Furniture is include in the sale!)

AirBnb Monthly Potential Income (12 units rented for 15 days per month): $

  • 12 units @ $100 per night = $1,200; $1,200 @ only 15 nights a month = $18,000

AirBnb Potential Monthly Income: $18,000

AirBnb Potential Yearly Income: $216,000


***AirBnb numbers are ultra-conservative and are based on occupancy for only 15 days per month @ $100 per night per unit.


Rental Summary

Current Monthly Rent: $2,600

Potential Monthly Rent: $21,600+


Unit Breakdown/Rental Info

3 Units

  • Current Monthly Rent: $150/day (short-term rental)
  • Lease End: Month-to-Month
  • Potential Monthly Rent: $1,800 (each)
  • Owner pays all utilities


7 Units

  • Current Monthly Rent: $100/day (short-term rental)
  • Lease End: Month-to-Month
  • Potential Monthly Rent: $1,800 (each)
  • Owner pays all utilities


2 Units

  • Current Monthly Rent: $1,500/ $1,100
  • Lease End: April 2023
  • Potential Monthly Rent: $1,800
  • Owner pays all utilities


2 Units

  • Vacant-Used for Storage- Need Rehab
  • Vacant


More Photos

https://www.dropbox.com/sh/j23s94b86jvce0p/AAAb0pHDB4poJKRg1V4Bl3Uwa?dl=0


Subject To Purchase Breakdown

Outstanding Mortgage: $1,164,742

Cash at Closing: $234,258

Total Purchase Price: $1,399,000

Monthly Mortgage Payment: $7,503.34


Asking Price: $1,399,000 (only ~$234,258 to close!)

Closing: 9-1-22 or sooner


Call or text Holly for more details on this 🌋HOT DEAL!🌋

(210) 861-0922

Click the BUY IT NOW button to lock this one down and avoid bidding wars ⚔️

DISCLAIMER: This is an assignment of contract. A legally binding purchase & sale contract has been signed giving this company exclusive rights to purchase the property. This company does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Genevieve Gorgos

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Disposition manager