1419 Laredo Street
Corpus Christi, TX 78401
2679 sqft | 0.25 acres | #447223
Description
Investors, take note! This 9-unit multifamily property is a cash cow, delivering excellent cash flow and strong rental demand. Located just minutes from downtown Corpus Christi, this complex offers a prime location with close proximity to shopping, dining, and entertainment. Of the 9 apartments, several have been recently updated, attracting quality tenants and increasing the property's overall value. 7 out of 9 units are currently leased, providing a steady income stream. At the current rental rates, the property generates $6,095 per month in gross rent, with room to increase profits by making additional cosmetic renovations to further boost the rental potential. The property is currently professionally managed, providing a hassle-free investment. Whether you're looking to expand your portfolio or get started with a strong-performing asset, this property offers high returns and growth potential in a thriving market. Don't miss out on this opportunity to acquire this cash cow!
Interior Details
- InteriorOpen Floorplan
Property Details
- Lot DescriptionInterior Lot
- Exterior MaterialsOther
- Stories2
Measurements
- Acres0.25
- Square Feet2679
Construction Details
- Property TypePurchase
Condition
- Year Built1955
Material information
- FoundationPillar Post Pier
Utilities / Energy Details
- Utility FeaturesNatural Gas Available, Sewer Available, Water Available
- Sewer InformationPublic Sewer
- Utility SourcePublic
Community and Neighborhood Details
- SubdivisionSouth Bluff
Location
- School DistrictCorpus Christi Isd
- Middle SchoolDriscoll
- High SchoolMiller
- CountyNueces
- Elementary SchoolAllen
Financial Details
- Original List Price$399,000
- Taxes Annual$2,797
Other
- MLS #447223
Location
Legal
Based on information from South Texas MLS, LLC for the period 01/01/2024 through 12/31/2024. All information provided is deemed reliable but is not guaranteed and should be independently verified. South Texas MLS, LLC provides the MLS and all content therein 'AS IS' and without any warranty, express or implied. The listing data contained is a copyright of Texas Association of REALTORS® and that reproduction or distribution is not allowed. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Last Updated: . Source: STMLS
Listing Courtesy
Listing Agent: Tyler Fox (#0766579)
Listing Office: NB Elite Realty (#211863)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
