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254 Rosebud Avenue, Corpus Christi, TX 78404

$359,000
: 4,696
SqFt

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List Price: $359,000
Price Change: ▼ $10,900 1789519487
MLS#: 479382
Status: ACTIVE
County: Nueces
City: Corpus Christi
Subdivision: Bessar Park
Living Area: 4,696
Acres: 0.24

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Property Description

Appraised at $395,000 this year — an opportunity to buy a cash-flowing fourplex below appraised value and step into instant equity. One block from Ocean Drive, this 4,696 SF fourplex features four 2-bed/1-bath units on a 10,498 SF lot. Two units have long-term tenants at approximately $1,050/month each, while two operate as STR/MTR units at approximately $1,350/month each, for approximately $4,800/month in total rental income. Ideal for FHA or VA owner-occupants looking to house hack: live in one unit while rental income from the other three helps offset the mortgage. Also a strong fit for conventional, DSCR, cash, and 1031 exchange buyers looking for an income-producing property with built-in equity. The property is already operating, with additional upside through rent growth, STR/MTR optimization, light unit improvements, and potential RUBS implementation. Located in the established Del Mar/Bessar Park neighborhood, walking distance to Del Mar College and minutes from downtown and the Spohn Shoreline hospital district. Buy below a recent $395K appraisal, gain immediate equity, and own four income-producing units in a location with year-round rental demand.

361-857-5160

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Additional Information

Days on Market: 99
Year Built: 1942
Stories: 2
Interior Features: Other
Cooling: Window Unit(s)
Heating: Window Unit, Central, Gas
Roof: Shingle
School District: Corpus Christi ISD
Elementary School: Menger
Middle School: Baker
High School: Ray