1. Texas
  2. Corpus Christi
  3. 10518 Heizer Dr
$949,900/mo

10518 Heizer Dr, Corpus Christi, TX 78410

  • 24 beds |
  • 18 baths |
  • 10,640 sqft
  • Property Icon Rental
  • Property Year Built Icon Built in 1973
  • Property Lot Size Icon0.4acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $89/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

Rare opportunity to acquire a 12-unit apartment building in Corpus Christi for under $1M. Currently 30% occupied. It's an ideal repositioning asset for an investor looking to capitalize on upside via renovation and lease-up. The building is well-located with strong rental demand and market comps to support the proforma assumptions. Significant upside through lease-up and stabilization. Market rents projected at $995/unit Stabilized gross income: $131,340 Stabilized NOI: ~$92,000 Property is being sold as-is. Buyers to verify all information.

Listing Status:
Active
Listing Office:
Wesson Assefa : (214) 399-5145
Listing Agent:
Wesson Assefa : (469) 450-7037
MLS ID:
457503
  • General: None
  • Laundry: Other
  • Flooring: CarpetCeramic Tile
  • A/C: Central Air
  • Heating: CentralElectric

This listing courtesy of Wesson Assefa, Wesson Assefa

Location

Schools Nearby

T

Tuloso-Midway Primary School

3125 Deer Run, Corpus Christi, TX, 78410

Grades PK-2

0.45 miles away

T

Tuloso-Midway Middle School

9760 La Branch Dr, Corpus Christi, TX, 78410

Grades 6-8

1.22 miles away

T

Tuloso-Midway High School

2653 McKinzie Rd, Corpus Christi, TX, 78410

Grades 9-12

0.66 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.