Tropical Studio Apartments presents a rare opportunity to acquire a 32-unit multifamily investment in the heart of North Beach with unobstructed Gulf views. Located just minutes from the USS Lexington Museum, Texas State Aquarium, the Port of Corpus Christi, downtown, beaches, restaurants, and entertainment, this property is ideally positioned in one of the Coastal Bend's most sought-after waterfront destinations.
The property consists of two buildings featuring 32 studio apartments, each approximately 472 square feet with a private balcony overlooking the Gulf. Owned and operated by the same owner since 2005, Tropical Sunset Apartments has been managed primarily through referrals and word of mouth with minimal online marketing, creating significant upside for an investor looking to modernize operations, increase occupancy, and maximize income potential.
Whether your vision is a renovated multifamily community, an extended-stay destination, or another value-add investment strategy (subject to local regulations and approvals), the possibilities are substantial. Located within an Opportunity Zone, the property may also offer additional benefits for qualifying investors.
With its irreplaceable North Beach location, panoramic Gulf views, and exceptional redevelopment potential, this location offers a rare chance to transform an established coastal property into a premier investment opportunity.
Property Details
- Interior
- Cable Tv
- Cooling
- 1
- Heating
- Electric, Window Unit
- Cooling Features
- Electric, Window Units
- Bedrooms
- 32
- Bathrooms
- 32.0
- Full Baths
- 32
- View
- Beach
- Lot Features
- Beach Front
- Stories
- 3
- Lot Description
- Beach Front
- Acres
- 1.928
- Square Feet
- 17312.0
- Lot Size (sqft)
- 84001.0
- Parking Features
- Attached, Covered
- Parking Type
- Garage
- Property Type
- Purchase
- Property Subtype Additional
- Apartment
- Year Built
- 1982
- Foundation
- Other
- Roof
- Shingle
- Sewer Information
- Public Sewer
- Utility Source
- Public
- Utility Features
- Sewer Available, Water Available
- Appliances
- Electric Oven, Electric Range, Refrigerator
- Subdivision
- Brooklyn
- School District
- Corpus Christi Isd
- Elementary School
- Oak Park
- Middle School
- Driscoll
- High School
- Miller
- County
- Nueces
- Region
- Corpus Christi
- Original List Price
- $1,800,000
- Days on Market (Cumulative)
- 40
- HOA Fees
- 0.0
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.
Provided By
Listed by Angelica Elizondo (#0806973)
Listing Office: Prime Real Estate (#439000)
