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$849,000

Beds
Unknown
sq ft
8,863

4727 Greenwood Dr, Corpus Christi, TX 78416

4727 Greenwood Dr

Corpus Christi, TX 78416

  • 352 days on market
    • Price drop $50,000↓
INVESTOR SPECIAL!!! Fully rented income producing 8-plex. The building consists of four 2/1 and four 3/1.5 units. These units are large, have central A/C, washer and dryer connections. All tenants pay their own utilities as every unit is individual metered for water and electric. Owner has replaced most A/C units and appliances. Rents are currently under market value. The 2/1 units rent for $750 and the 3/1.5 rent for $980. There's significant upside potential for cash flow with almost no upgrades. Most units are occupied by long term tenants. Seller will consider Owner Financing with $200,000 down payment. Interest rate and term length are negotiable.

Details

Property type

Lot size

0.33 acres

Price per sq ft

$96

Year built

1985

Price History

12/23/2023
SouthTexasMLS

SouthTexasMLS #422324

Listed
$849,000

Schools & Community

Neighborhood: 

Central City

Elementary school: 

Garcia

Middle school: 

Cunningham

High school: 

Moody

School district: 

Corpus Christi ISD

Number of units in community: 

8

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

Prosperity Bank

Loan start date

September 2018

Original loan amount

$350,250

Est. remaining balance

Not provided

Interest rate

4.02%

Loan type

Purchase Money Mortgage, 15 year

Seller

Silva Capital Growth 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 11:40 PM

Listing updated: 12/22/2023 at 7:53 PM

Listed by: Marina Silva, Coldwell Banker Pacesetter Ste Phone #: (361) 992-9231

MLS: SouthTexasMLS #422324

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