Courtesy of: Payton Dodson, TruStar Real Estate, paytondodson@gmail.com
Courtesy of: Payton Dodson, TruStar Real Estate, paytondodson@gmail.com
$395,000
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8 bed
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Lot: 0.22 Acres
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Quadruplex
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$395,000
2129 16th Street This recently renovated 4-plex in the heart of Corpus Christi is a prime investment opportunity. Each unit features generous-sized rooms, washer/dryer hookups, and updated interiors, making it a desirable rental property with a 95% occupancy rate. With a current rent roll of $3, 900 and a pro forma of $4, 200, this property offers strong cash flow with room for growth. There are additional value-add opportunities, such as an exterior paint upgrade and implementing a RUBS (Ratio Utility Billing System), further boosting your return. Plus, there's potential to convert the back storage space into a 5th unit. This property is perfect for FHA buyers, offering a 3.5% down payment option to live in one unit while renting out the others. For investors, 1031 exchange and DSCR loan options are also available. This property is a part of a larger multifamily portfolio, with other properties available.
Courtesy of: Payton Dodson, TruStar Real Estate, paytondodson@gmail.com
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