419 Gulfspray AVE new Save Request In-Person Tour Request Virtual Tour
Corpus Christi,TX 78402
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,060 sqft
Price per Sqft $344
Subdivision Brooklyn
MLS Listing ID 466417
Bedrooms 4
Full Baths 4
HOA Y/N No
Year Built 1975
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type Detached
Property Description
11%+ CAP RATE! FURNISHED TRIPLEX ON NORTH BEACH – INVESTOR OPPORTUNITY
Exceptional investment opportunity just two blocks from the beach on North Beach in Corpus Christi. This furnished triplex offers strong income potential and a prime location near top attractions, including the Texas State Aquarium, USS Lexington, and local restaurants. Conveniently situated just over the Harbor Bridge from Downtown Corpus Christi, Whataburger Field, the Marina, museums, I-37, and more.
The property features a new roof installed in 2022 and three well-maintained units. The upstairs unit, approximately 1,060 square feet, is an updated 2-bedroom, 2-bathroom with central air, granite countertops, laminate and vinyl flooring for easy beach cleanup, and a wood-burning fireplace. Walkway decks surround the upper level, providing outdoor space and coastal breezes.
The two downstairs units are updated 1-bedroom, 1-bathroom layouts with hard-surface flooring, tiled walk-in showers, and window units. These units have been successfully rented on a week-to-week basis to project workers but offer significant income upside as short-term or vacation rentals, especially during peak tourist seasons.
The North Beach Canal Project, if completed as planned, is expected to enhance the area's value and appeal even further. Current and potential rental rates easily surpass the 1% rule, making this a rare find for investors seeking strong cash flow in a desirable location.
Whether you are looking to expand your rental portfolio, operate a short-term rental business, or enjoy a personal beach retreat with rental income, this property delivers excellent versatility and return potential.
Location
State TX
County Nueces
Interior
Interior Features Window Treatments,Breakfast Bar
Heating Window Unit,Central,Electric
Cooling Electric,Central Air,Window Unit(s)
Flooring Laminate,Vinyl
Fireplaces Type Wood Burning
Fireplace Yes
Appliance Electric Cooktop,Electric Oven,Electric Range,Refrigerator,Range Hood
Laundry None
Exterior
Exterior Feature Deck
Parking Features Concrete,Front Entry,Other,On Street
Fence None
Pool None
Utilities Available Sewer Available,Water Available
Roof Type Shingle
Porch Covered,Deck,Open,Patio
Total Parking Spaces 6
Building
Lot Description Other,Subdivided
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Schools
Elementary Schools Evans
Middle Schools Wynn Seale
High Schools Ray
School District Corpus Christi Isd
Others
Tax ID 105500650115
Security Features Smoke Detector(s)
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan
Virtual Tour https://www.propertypanorama.com/instaview/cor/466417