This property is what they call a cash cow. As an investor, it offers you happy tenants with recently signed 1 year leases totaling $2,775 a month! Two units in the front duplex. In the back, a garage apartment and efficiency apartment above it. There have been many improvements to the property in the last year to enable it to generate this 16%+ gross revenue. Entire reroof with decking November 2012.
MLS# | 447986 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | Resale |
Status | Active |
Year | 1965 |
Days On Site | 36 |
Listing Provided By | Keller Williams Coastal Bend | Jeffrey Untersee |
SQ Feet | 1,114 |
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Story(s) | 1 |
Units | 4 |
Building(s) | 2 |
State | TX |
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County | Nueces |
City | Corpus Christi |
Zip Code | 78404 |
Community Name | Ocean View |
Listing VS Median (in Ocean View) | |
Price: $197,000 low | high Med: $197,000 SqFt: 1,114 low | high Med: 1,114 $ / SqFt: $177 low | high Med: $177 On Site: 36 low | high Med: 36.000000 |