254 Rosebud Avenue

Seller Financing Available. A cash-flowing fourplex, one block off Ocean Drive, priced to clear the 1% rule on real rent — and open to flexible terms. Whether you're moving in, adding a stabilized asset to your portfolio, or racing a 1031 clock, this is a rare combination of location, income, and deal structure that doesn't come around often in this neighborhood. Fourplex — all 2-bed / 1-bath units, 4,696 SF total on a 10,498 SF lot. Current income mix: 1 long-term tenant, 3 units operated as MTR/STR Rent collected: ~$4,438/mo — clears the 1% rule at list price (~1.2% rent-to-price ratio) Owner-occupants (FHA): Move into one unit and let the other three carry your mortgage. FHA financing opens the door with as little as 3.5% down, and the existing rent roll already supports strong debt coverage. Rarely does a property this well-located pencil this easily for a first-time buyer. Value-add investors: A stabilized asset that already cash flows, with upside still on the table — light unit turns, further STR/MTR optimization, and RUBS not yet implemented. You're not betting on a turnaround; you're buying performance and layering on growth. 1031 exchange buyers: Clean, income-producing, and easy to underwrite fast — built for buyers working against exchange deadlines who need certainty, not a project. Deal Terms — Built for Buyers — Seller financing available — flexible down payment and interest-only terms, ask for details. All-cash offers reviewed and prioritized. Open to FHA, DSCR, conventional, and 1031 exchange buyers. One block from Ocean Drive, in the established Del Mar / Bessar Park neighborhood. Walking distance to Del Mar College; minutes from downtown and the Spohn Shoreline hospital district. Zoned to Menger Elementary, Baker Middle (rated "A"), and Ray High School. Real cash flow, flexible terms, and a location that holds tenant demand year-round — this is a property built to close.

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​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.

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Listed by Payton Dodson (#0583922)
Listing Office: TruStar Real Estate (#533282)