10518 Heizer DR Active Save Request In-Person Tour Request Virtual Tour
Corpus Christi,TX 78410
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 10,640 sqft
Price per Sqft $89
Subdivision Medford Acres
MLS Listing ID 457503
Bedrooms 24
Full Baths 12
Half Baths 6
HOA Y/N No
Year Built 1973
Annual Tax Amount $15,516
Lot Size 0.400 Acres
Acres 0.4
Property Sub-Type Apartment
Property Description
Rare opportunity to acquire a 12-unit apartment building in Corpus Christi for under $1M. Currently 30% occupied. It's an ideal repositioning asset for an investor looking to capitalize on upside via renovation and lease-up. The building is well-located with strong rental demand and market comps to support the proforma assumptions.
Significant upside through lease-up and stabilization.
Market rents projected at $995/unit
Stabilized gross income: $131,340
Stabilized NOI: ~$92,000
Property is being sold as-is. Buyers to verify all information.
Location
State TX
County Nueces
Interior
Interior Features None
Heating Central,Electric
Cooling Central Air
Flooring Carpet,Ceramic Tile
Fireplace No
Laundry Other
Exterior
Parking Features Covered
Utilities Available Sewer Available,Water Available
Roof Type Other
Building
Lot Description Other
Story 2
Entry Level Two
Foundation Other
Sewer Public Sewer
Water Public
Level or Stories Two
Schools
Elementary Schools Tuloso Midway
Middle Schools Tuloso Midway
High Schools Tuloso Midway
School District Tuloso Midway Isd
Others
Tax ID 504500010035
Acceptable Financing Cash,Conventional,Private Financing Available
Listing Terms Cash,Conventional,Private Financing Available
Virtual Tour https://www.propertypanorama.com/instaview/cor/457503