5,532 SqFt
5,532 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,532 sqft
Price per Sqft $225
Subdivision P A Cliffs
MLS Listing ID 627385
Style Contemporary/Modern
Construction Status Resale
HOA Y/N No
Year Built 1970
Lot Size 0.305 Acres
Acres 0.3054
Property Sub-Type Quadruplex
Property Description
3405 & 3409 Ocean Drive | Corpus Christi, Texas
A rare opportunity to acquire a fully furnished, turnkey 10-unit income-producing property directly on Ocean Drive, one of Corpus Christi's premier waterfront corridors.
Surrounded by high-value residential real estate and positioned along the beautiful Corpus Christi Bayfront, this property offers 10 furnished rental units in a premier Ocean Drive location at just $129,000 per unit.
The property consists of eight 2-bedroom/1-bath residences and two 1-bedroom/1-bath residences, with the added convenience of an in-unit washer and dryer in every unit.
All 10 residences are offered fully furnished and turnkey, allowing a new owner to continue the property's established furnished rental model without the cost, time and effort of furnishing 10 individual units.
STRONG EXISTING RENTAL INCOME
Current average monthly rents:
8 × 2BR/1BA: approximately $1,500/month each
2 × 1BR/1BA: approximately $1,350/month each
Approximately $14,700 average monthly rent roll
Approximately $176,400 annualized rent roll
The property's furnished configuration gives an investor exceptional flexibility. Continue operating the residences as short-term rentals (STR/Airbnb), 30+ day mid-term rentals (MTR), traveling-professional or workforce housing, or combine rental strategies to maximize occupancy and revenue, subject to applicable regulations.
LOCATION, LOCATION, LOCATION
Ocean Drive is one of Corpus Christi's defining addresses, known for its waterfront setting, beautiful homes and access to Corpus Christi Bay.
The property offers convenient access to downtown Corpus Christi, major hospitals and medical centers, universities, employment centers, restaurants, recreation and the waterfront, appealing to traveling professionals, contract workers, relocating tenants and extended-stay guests.
Location
State TX
County Nueces
Interior
Interior Features None
Heating Central
Cooling Central Air
Flooring Tile
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Electric Cooktop, Electric Water Heater, Disposal, Microwave
Laundry Electric Dryer Hookup, Gas Dryer Hookup
Exterior
Fence None
Pool None
Utilities Available Cable Available, High Speed Internet Available
Water Access Desc Public
View Other
Roof Type Other,See Remarks
Accessibility None
Building
Story 2
Entry Level Two
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Contemporary/Modern
Level or Stories Two
Construction Status Resale
Schools
School District Comal Isd
Others
Tax ID 276355
Acceptable Financing Cash, Conventional, Owner May Carry
Listing Terms Cash, Conventional, Owner May Carry
Amenities & Attractions
GET MORE INFORMATION