Description
Rare opportunity to acquire a 12-unit apartment building in Corpus Christi for under $1M. Currently 30% occupied. It's an ideal repositioning asset for an investor looking to capitalize on upside via renovation and lease-up. The building is well-located with strong rental demand and market comps to support the proforma assumptions. Significant upside through lease-up and stabilization. Market rents projected at $995/unit Stabilized gross income: $131,340 Stabilized NOI: ~$92,000 Property is being sold as-is. Buyers to verify all information.
-
24BEDS
-
0.4ACRES
-
12BATHS
-
61/2 BATHS
-
10,640SQFT
-
$82$/SQFT
School Information
Description
Rare opportunity to acquire a 12-unit apartment building in Corpus Christi for under $1M. Currently 30% occupied. It's an ideal repositioning asset for an investor looking to capitalize on upside via renovation and lease-up. The building is well-located with strong rental demand and market comps to support the proforma assumptions. Significant upside through lease-up and stabilization. Market rents projected at $995/unit Stabilized gross income: $131,340 Stabilized NOI: ~$92,000 Property is being sold as-is. Buyers to verify all information.