1419 Laredo ST Active Save Request In-Person Tour Request Virtual Tour
Corpus Christi,TX 78401
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 2,679 sqft
Price per Sqft $139
Subdivision South Bluff
MLS Listing ID 447223
HOA Y/N No
Year Built 1955
Annual Tax Amount $2,797
Lot Size 10,890 Sqft
Acres 0.25
Property Description
Investors, take note! This 9-unit multifamily property is a cash cow, delivering excellent cash flow and strong rental demand. Located just minutes from downtown Corpus Christi, this complex offers a prime location with close proximity to shopping, dining, and entertainment. Of the 9 apartments, several have been recently updated, attracting quality tenants and increasing the property's overall value. 7 out of 9 units are currently leased, providing a steady income stream. At the current rental rates, the property generates $6,095 per month in gross rent, with room to increase profits by making additional cosmetic renovations to further boost the rental potential. The property is currently professionally managed, providing a hassle-free investment. Whether you're looking to expand your portfolio or get started with a strong-performing asset, this property offers high returns and growth potential in a thriving market. Don't miss out on this opportunity to acquire this cash cow!
Location
State TX
County Nueces
Interior
Interior Features Open Floorplan
Heating Window Unit
Cooling Window Unit(s)
Flooring Laminate,Linoleum,Vinyl
Fireplace No
Appliance Free-Standing Range,Gas Oven,Gas Range,Refrigerator
Laundry Washer Hookup,Dryer Hookup
Exterior
Exterior Feature Other
Garage Gravel,Rear/Side/Off Street
Fence Chain Link
Pool None
Utilities Available Natural Gas Available,Sewer Available,Water Available
Roof Type Shingle
Total Parking Spaces 9
Building
Lot Description Interior Lot
Story 2
Entry Level Two
Foundation Pillar/Post/Pier
Sewer Public Sewer
Water Public
Level or Stories Two
Additional Building Other
Schools
Elementary Schools Allen
Middle Schools Driscoll
High Schools Miller
School District Corpus Christi Isd
Others
Tax ID 816100310050
Security Features Smoke Detector(s)
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional