CASH FLOW POSITIVE INVESTOR / DEVELOPER MF PROPERTY WITH ROOM TO BUILD MORE SF HMS & OR MULTI F HMS / TOWN HMS / APARTMENTS ON THIS 1.29 AC SITE.
The site includes three standout residences, all fully leased. The seller improvements include over $10,000 in new HVAC, a new unit for the main residence in 2023 and another for the three-bedroom apartment in 2024.
Spacious front house / apartment property had renovations and upgrades in February 2025, currently rented. The 2 story home offers approx 2,787 sq ft, featuring three generous bedrooms, two bathrooms, a two-car garage, an expansive living room with a substantial fireplace, an entertainment bar, and an oversized kitchen with an adjoining dining area. This main house could be turned into an owner occupied residence if you want to live on site and manage and develop this property.
2nd Dwelling is a spacious two-story home / apt featuring three bedrooms, two bathrooms, a well-proportioned kitchen, and a living room, complete with an attached balcony. The entire ground level is dedicated to three separate garages-workshop. Think about converting 1 of these garages into a 1bdm efficiency apt.
This 3rd two-story residence features a two-car garage and a spacious workshop or storage area on the ground level. The upper floor contains the two bedrooms, one bathroom, kitchen, and primary living space.
This property is situated in a prime location, the property feature a country living atmosphere in the Calallen community 10 min to Robstown & 19 min to downtown Corpus Christi. Retail Shopping and Dinning within 5 minutes and Recreational & Entertainment in the heart of Corpus Christi and Gulf America / N Padre Island Beaches 20-30 min away.
Investors use your imagination to expand this property into a one-site cash flow opportunity. Live onsite to manage and develop the full potential of this property. Or maximize your income by leasing everything out.
Property Details
- Interior
- Dry Bar, Open Floorplan, Breakfast Bar, Ceiling Fans, Kitchen Island
- Fireplaces
- 1
- Cooling
- 1
- Heating
- Central, Electric
- Cooling Features
- Central Air
- Lot Features
- Landscaped
- Stories
- 2
- Lot Description
- Landscaped
- Exterior Features
- Deck, Storage
- Exterior Materials
- Deck, Storage
- Acres
- 1.29
- Square Feet
- 5068.0
- Lot Size (sqft)
- 56184.0
- Parking Features
- Asphalt, Attached, Concrete, Garage, Rear Side Off Street
- Parking
- 1
- Parking Spaces
- 10.0
- Parking Type
- Garage
- Property Type
- Purchase
- Property Subtype Additional
- Apartment, Other
- Year Built
- 1999
- Foundation
- Slab
- Roof
- Metal
- Sewer Information
- Public Sewer
- Utility Features
- Natural Gas Available, Sewer Available, Separate Meters, Water Available
- Appliances
- Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Range Hood
- Subdivision
- Riverside Acres
- School District
- Calallen ISD
- Elementary School
- Wood River
- Middle School
- Calallen
- High School
- Calallen
- County
- Nueces
- Region
- Robstown
- Original List Price
- $739,000
- Days on Market (Cumulative)
- 101
- Taxes Annual
- $11,683
- 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 Dale Pittman (#0240237)
Listing Office: Prime Real Estate (#439000)
