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$450,000

Beds
6
Baths
6.0
sq ft
2,808

2306 Mary St, Corpus Christi, TX 78405

2306 Mary St

Corpus Christi, TX 78405

  • 137 days on market
Fully occupied 6 unit 1 bedroom apartments in 3 buildings. Recently updated with long term tenants. Generating $750 at one unit, $700 at one unit and $650 at four units. There is opportunity to increase monthly rents to $750/month. The tenants supply their own window units and refrigerators while the landlord owns and supplies the stoves for each unit, the stoves will convey. The landlord pays for water, trash, gas and yard maintanance and the tenants pay for their own electric. Each unit has its own electric and gas meter. While the landlord pays for the gas for the units, this can be separated and the tenants can pay for their own gas and trash services. The water is on one meter for all units. Recent updates include new windows, new flooring in all units, paint, kitchen updates, fixtures, 30 year composite shingle roof replaced on two buildings in 2014.

Details

Property type

Lot size

7,501 sq ft

Price per sq ft

$161

Year built

1980

Annual property taxes

$2,932

Price History

02/20/2024
SouthTexasMLS

SouthTexasMLS #435313

Listed
$450,000

Schools & Community

Neighborhood: 

Central City

Elementary school: 

Zavala

Middle school: 

Driscoll

High school: 

Miller

School district: 

Corpus Christi ISD

Number of units in community: 

6

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

The First National Bank Of Beeville

Loan start date

July 2019

Original loan amount

$120,000

Est. remaining balance

Not provided

Interest rate

4.06%

Loan type

Commercial, 20 year

Seller

Bay Area Enterprise Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/05/2024 at 11:55 PM

Listing updated: 02/20/2024 at 6:03 AM

Listed by: Amanda Sanchez, CORE Coastal Realty Phone #: (361) 985-2673

MLS: SouthTexasMLS #435313

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