419 Gulfspray Avenue, Corpus Christi

$450,000

4 Beds
4 Baths
1,060 Sqft
.11 Acre
0 Garage

10%+ 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.

Essential Information
MLS® #419633
Price$450,000
Bedrooms4
Bathrooms4.00
Full Baths4
Square Footage1,060
Acres0.11
Year Built1975
TypeResidential
Sub-TypeTriplex
StatusActive
Community Information
Address419 Gulfspray Avenue
SubdivisionBrooklyn
CityCorpus Christi
CountyNueces
StateTX
Zip Code78402
Amenities
ViewBeach, Water
Utilities

Sewer Available, Underground Utilities, Water Available

Parking

Concrete, Converted Garage, Front Entry, Rear/Side/Off Street

Interior
InteriorLaminate, Vinyl
HeatingCentral, Electric, Window Unit
FireplaceYes
# of Fireplaces1
FireplacesWood Burning
# of Stories1
StoriesOne
Appliances

Electric Cooktop, Electric Oven, Electric Range, Range Hood, Refrigerator

Cooling

Central Air, Electric, Window Unit(s)

Exterior
Exterior FeaturesDeck
Lot Description~50x95
WindowsWindow Coverings
RoofShingle
FoundationSlab
Construction

Frame, Shingle Siding, Wood Siding

School Information
DistrictCorpus Christi ISD
ElementaryEvans
MiddleWynn Seale
HighRay
Additional Information
Date ListedMay 19th, 2023
Days on Market163
Listing Details
AgentBrenton Reagan
OfficeCass Real Estate
Property History
Price Reduced from $499,000 to $450,000
Price Reduced from $525,000 to $499,000
Price Reduced from $545,000 to $525,000
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Based on information from South Texas MLS, LLC as of June 24th, 2024 at 12:01pm CDT All information provided is deemed reliable but is not guaranteed and should be independently verified. South Texas MLS, LLC provides the MLS and all content therein 'AS IS' and without any warranty, express or implied

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Listing information last updated on June 24th, 2024 at 12:01pm CDT.