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$375,000

Beds
4
Baths
4.0
sq ft
1,757

419 Gulfspray Ave, Corpus Christi, TX 78402

419 Gulfspray Ave

Corpus Christi, TX 78402

  • 114 days on market
11+% CAP RATE! Great INVESTOR opportunity, FURNISHED Triplex on North Beach in Corpus, just 2 blocks from the Beach and 2-minutes' drive from the Texas State Aquarium, USS Lexington, and restaurants. It's just over the Harbor Bridge from Downtown Corpus Christi, Whataburger Field, the Marina, museums, I-37, and more. The North Beach Canal Project will be near if current plans hold. Either way, rent potentials easily surpass the 1% rule. NEW Roof 2022. The upstairs unit is a ~1060 SF updated 2/2 featuring Central Air, laminate and vinyl floors for easy sand cleanup, granite countertops, a wood-burning fireplace, and walkway-decks on all sides. The downstairs has 2x updated 1/1 units with hard flooring, tiled walk-in showers, and window units. These have been rented out on a week-to-week basis for mainly project workers, but higher rates of income are possible for weekly or vacation-rental setup, especially during busy times of year. Could be a vacation beach home with rentals as well.

Details

Property type

Single Family Residence

Lot size

4,713 sq ft

Price per sq ft

$214

Year built

1975

HOA

No

Price History

07/18/2024
SouthTexasMLS

SouthTexasMLS #444611

Listed
$375,000
07/06/2024
SouthTexasMLS

SouthTexasMLS #419633

Removed
10/27/2023
SouthTexasMLS

SouthTexasMLS #419633

Listed
$450,000

Schools & Community

Neighborhood: 

Central City

Elementary school: 

Evans

Middle school: 

Wynn Seale

High school: 

Ray

High school district: 

Corpus Christi ISD

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

Roianna J Selsor

Loan start date

November 2015

Original loan amount

$100,000

Est. remaining balance

Not provided

Interest rate

3.82%

Loan type

Not Provided

Seller

Robert Catalano Jr and Robert Nicholas Catalano

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?

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Status: Active

Tomo last checked: 11/09/2024 at 10:20 AM

Listing updated: 08/19/2024 at 2:13 PM

Listed by: Brenton Reagan, Cass Real Estate Phone #: (361) 643-2662

MLS: SouthTexasMLS #444611

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