254 Rosebud Ave,Corpus Christi, TX 78404
Corpus Christi, TX 78404
Description
Seller Financing Available. A cash-flowing fourplex, one block off Ocean Drive, priced to clear the 1% rule on real rent and open to flexible terms. Whether you're moving in, adding a stabilized asset to your portfolio, or racing a 1031 clock, this is a rare combination of location, income, and deal structure that doesn't come around often in this neighborhood. Fourplex all 2-bed / 1-bath units, 4,696 SF total on a 10,498 SF lot. Current income mix: 1 long-term tenant, 3 units operated as MTR/STR 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.
Details
| MLS # | 479382 |
|---|---|
| Listing Type | For Sale |
| Style | Fourplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1942 |
| Days On Site | 47 |
| Listing Provided By | TruStar Real Estate | Payton Dodson |
Features
| SQ Feet | 4,696 |
|---|---|
| Car Port | Yes |
| Story(s) | 2 |
| Units | 4 |
| Acreage | 0.24 |
Exterior
| Lot Features | Corner Lot |
|---|
Parking
| Parking Features | Carport, Rear Side Off Street |
|---|
Taxes
| Tax Annual Amount | 12103 |
|---|
Area Information
| State | TX |
|---|---|
| County | Nueces |
| City | Corpus Christi |
| Zip Code | 78404 |
| Community Name | Bessar Park |
| Listing VS Median (in Bessar Park) | |
Price: $369,900 low | high Med: $442,000 sqft: 4,696 low | high Med: 3,502 $ / sqft: $79 low | high Med: $140 On site: 47 low | high Med: 122.5 | |
Market Activity 78404
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Learn More About This Property
| State | TX |
|---|---|
| County | Nueces |
| City | Corpus Christi |
| Zip Code | 78404 |
| Community Name | Bessar Park |
| Listing VS Median (in Bessar Park) | |
Price: $369,900 low | high Med: $442,000 sqft: 4,696 low | high Med: 3,502 $ / sqft: $79 low | high Med: $140 On site: 47 low | high Med: 122.5 | |
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