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2129 16th Street
Corpus Christi TX 78404 US

$395,000

Active Listing ID 449089
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8 bed
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Lot: 0.22 Acres
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Quadruplex

$395,000

Active Listing ID 449089
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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.

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Property Features

  • Facts
  • Lot Size: 0.22 Acres
  • Property Type: Residential
  • Property Sub-type: Quadruplex
  • Features
  • Floor Covering: Vinyl
  • Roof Type: Flat
  • Heating Fuels: Central Furnace

School Information

  • School
  • Menger(Elementary)
  • Baker(MiddleSchool)
  • Ray(HighSchool)

Property

  • propertytype: Residential
  • propertysubtype: Quadruplex
  • listprice: 395000
  • unparsedaddress: 2129 16th Street
  • postalcity: Corpus Christi
  • stateorprovince: TX
  • country: US
  • postalcode: 78404
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.22
  • lotsizeunits: Acres
  • lotsizearea: 0.22
  • livingarea: 3360
  • livingareaunits: Square Feet
  • listagentfullname: Payton Dodson
  • listagentemail: paytondodson@gmail.com
  • listagentkey: 3yd-CCARTX-0583922
  • listagentmlsid: 0583922
  • listagentpreferredphone: 3617427477
  • listagentofficephone: 8774000340
  • listofficekey: 3yd-CCARTX-533282
  • listagentstatelicense: 0583922
  • listofficemlsid: 533282
  • disclaimer: Copyright © 2024 South Texas Multiple Listing Service, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: CCARTX
  • yearbuilt: 1961
  • listingcontractdate: 2024-10-03
  • countyorparish: Nueces
  • parcelnumber: 610314070150
  • elementaryschool: Menger
  • highschool: Ray
  • elementaryschooldistrict: Corpus Christi ISD
  • middleorjuniorschooldistrict: Corpus Christi ISD
  • highschooldistrict: Corpus Christi ISD
  • appliances: Oven, Range, Refrigerator
  • flooring: Vinyl
  • heating: Central Furnace
  • numberofunitstotal: 4
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • roof: Flat
  • waterfrontyn: False
  • interiorfeatures: Other
  • architecturalstyle: Other
  • rooms: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"TruStar Real Estate", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"paytondodson@gmail.com", "ListBrokerageCity":"Austin", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"TruStar Real Estate", "ListBrokeragePhone":"877-400-0340", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"TX", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"11701 Bee Caves Rd. Suite 250", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"12600 Hill Country Blvd", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"0468517", "ListOfficeCity":"Austin", "ListOfficeCountry":"US", "ListOfficeEmail":"info@trustar.us", "ListOfficePostalCode":"78738", "ListOfficeStateOrProvince":"TX", "ListPriceCurrencyType":"USD", "ListingTitle":"Quadruplex - Corpus Christi, TX", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/2129-16th-St_Corpus-Christi_TX_78404_M81974-78459?f=listhub&s=CCARTX&m=449089&c=rexren", "MLSModificationTimestamp":"2024-12-09T16:41:11Z", "Neighborhoods":[{"Description":null, "Name":"P A Cliffs"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":3995, "TaxDescription":null, "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 12/10/2024 1:03:45 AM GMT
Source Updated Date: 12/25/2024 6:47:41 AM GMT

Courtesy of: Payton Dodson, TruStar Real Estate, paytondodson@gmail.com

Copyright © 2024 South Texas Multiple Listing Service, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.