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Victor Ronje

old-1762835380740-victor@texcoast.com +1(361) 549-0302

$ 359,000

Est. payment -/mo

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Price Dropped by $10K

254 Rosebud AVE Corpus Christi, TX 78404

4,696 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,696 sqft

Price per Sqft $76

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

Appraised at $395,000 this year — an opportunity to buy a cash-flowing fourplex below appraised value and step into instant equity. One block from Ocean Drive, this 4,696 SF fourplex features four 2-bed/1-bath units on a 10,498 SF lot. Two units have long-term tenants at approximately $1,050/month each, while two operate as STR/MTR units at approximately $1,350/month each, for approximately $4,800/month in total rental income. Ideal for FHA or VA owner-occupants looking to house hack: live in one unit while rental income from the other three helps offset the mortgage. Also a strong fit for conventional, DSCR, cash, and 1031 exchange buyers looking for an income-producing property with built-in equity. The property is already operating, with additional upside through rent growth, STR/MTR optimization, light unit improvements, and potential RUBS implementation. Located in the established Del Mar/Bessar Park neighborhood, walking distance to Del Mar College and minutes from downtown and the Spohn Shoreline hospital district. Buy below a recent $395K appraisal, gain immediate equity, and own four income-producing units in a location with year-round rental demand.

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

Corpus Christi/Coastal Bend (CCMLS) - South Texas MLS

Listed by TruStar Real Estate • Payton Dodson

Victor Ronje

Agent License ID: 0748224

+1(361) 549-0302

Victor Ronje

254 Rosebud AVE Corpus Christi, TX 78404

Key Details

Location

Interior

Exterior

Building

Schools

Others

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254 Rosebud AVE