New Listing
642 Robinson St,Corpus Christi, TX 78404
Corpus Christi, TX 78404
Description
This renovated 4-plex has been worked on from the ground up. Currently 100% occupied, it is split into 1 unfurnished unit for long-term leases and 3 Fully-Furnished all-bills-paid units for mid-term leases (1-6 months or so). The furnishings and decor in the 3 furnished units convey. Since 2023 it's received foundation work (including new subfloors), Mini-split air systems for all units, vinyl plank flooring, interior and exterior paint, new appliances, furniture, decor, and more. Good rents and minimal expenses give this property a whopping CAP rate of 10.3%, and this could be higher if the 4th unit is converted some day to fully-furnished as well. All 4 units are 2 bedroom with 1 bathroom (2/1), set up with 2 units downstairs and 2 units upstairs. There is a central stairway indoors up front to access the upstairs units. In the rear, each unit also has a back door that leads into a common area where the laundry closet is. All tenants share the washer and dryer, and these appliances convey. Three stoves are gas, one is electric. Water and gas are on Master meters and fall under Landlord expenses; electric meters are individual for each unit and could be billed out separately. There are awnings for the Tenant parking area in the rear, but they're down currently due to winter winds.
Details
| MLS # | 481495 |
|---|---|
| Listing Type | For Sale |
| Style | Fourplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1948 |
| Days On Site | 4 |
| Listing Provided By | Cass Real Estate | Brenton Reagan |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 3,072 |
| Story(s) | 2 |
| Units | 1 |
| Building(s) | 1 |
| Acreage | 0.22 |
Exterior
| Lot Features | Interior Lot, Landscaped |
|---|
Parking
| Parking Features | Rear Side Off Street, On Street |
|---|
Taxes
| Tax Annual Amount | 3707 |
|---|
Location
| Community Features | Curbs, Gutters, Sidewalks |
|---|
Area Information
| State | TX |
|---|---|
| County | Nueces |
| City | Corpus Christi |
| Zip Code | 78404 |
| Community Name | Lindale Park #4 |
| Listing VS Median (in Lindale Park #4) | |
Price: $439,900 low | high Med: $220,150 sqft: 3,072 low | high Med: 4,778 $ / sqft: $143 low | high Med: $72 On site: 4 low | high Med: 92 | |
Market Activity 78404
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Learn More About This Property
| State | TX |
|---|---|
| County | Nueces |
| City | Corpus Christi |
| Zip Code | 78404 |
| Community Name | Lindale Park #4 |
| Listing VS Median (in Lindale Park #4) | |
Price: $439,900 low | high Med: $220,150 sqft: 3,072 low | high Med: 4,778 $ / sqft: $143 low | high Med: $72 On site: 4 low | high Med: 92 | |
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