4,696 SqFt
4,696 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,696 sqft
Price per Sqft $78
Subdivision Bessar Park
MLS Listing ID 479382
HOA Y/N No
Year Built 1942
Annual Tax Amount $12,103
Lot Size 10,454 Sqft
Acres 0.24
Property Sub-Type Quadruplex
Property Description
Rent collected: ~$4,438/mo — clears the 1% rule at list price (~1.2% rent-to-price ratio)
Owner-occupants (FHA): Move into one unit and let the other three carry your mortgage. FHA financing opens the door with as little as 3.5% down, and the existing rent roll already supports strong debt coverage. Rarely does a property this well-located pencil this easily for a first-time buyer.
Value-add investors: A stabilized asset that already cash flows, with upside still on the table — light unit turns, further STR/MTR optimization, and RUBS not yet implemented. You're not betting on a turnaround; you're buying performance and layering on growth.
1031 exchange buyers: Clean, income-producing, and easy to underwrite fast — built for buyers working against exchange deadlines who need certainty, not a project.
Deal Terms — Built for Buyers — Seller financing available — flexible down payment and interest-only terms, ask for details. All-cash offers reviewed and prioritized. Open to FHA, DSCR, conventional, and 1031 exchange buyers. One block from Ocean Drive, in the established Del Mar / Bessar Park neighborhood. Walking distance to Del Mar College; minutes from downtown and the Spohn Shoreline hospital district. Zoned to Menger Elementary, Baker Middle (rated "A"), and Ray High School. Real cash flow, flexible terms, and a location that holds tenant demand year-round — this is a property built to close.
Location
State TX
County Nueces
Interior
Interior Features Other
Heating Window Unit, Central, Gas
Cooling Window Unit(s)
Flooring Hardwood, Tile
Fireplace No
Laundry Washer Hookup, Dryer Hookup
Exterior
Parking Features Carport, Rear/Side/Off Street
Utilities Available Sewer Available, Water Available
Roof Type Shingle
Building
Lot Description Corner Lot
Story 2
Entry Level Two
Foundation Pillar/Post/Pier, Slab
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Schools
Elementary Schools Menger
Middle Schools Baker
High Schools Ray
School District Corpus Christi Isd
Others
Tax ID 066600040150
Acceptable Financing Cash, Conventional, FHA, Owner Will Carry, Private Financing Available
Listing Terms Cash, Conventional, FHA, Owner Will Carry, Private Financing Available
Virtual Tour https://www.propertypanorama.com/instaview/cor/479382
Schools and Properties Nearby
Find out why customers are choosing LPT Realty to meet their real estate needs
Learn More About LPT Realty