502 Lakeside Dr E, Corpus Christi

$199,999

0 Beds
0 Baths
3,712 Sqft
0 Acres
0 Garages

NEW PRICE!!<<<INVESTORS>>>This is a great opportunity! 10 tiny rental houses with a low vacancy rate. Each of these tiny houses rent for $500-$550 per month. The current owner pays water and trash, tenants pay their own electricity. The gross income is over $5000 per month, that is a cap rate of more than 20%. Please do not disturb the tenants..
The units are not in perfect condition but they stay rented. Most are month to month and because the rents are so low it is never a problem finding new tenants. Rents in the area for similar places are $650-$800.
Buy and hold investors who are looking to make the move to multi units, this might be the deal for you! Seller will consider trading this multi unit property for SFR's or he might consider short term owner finance with $100,000 down.

Essential Information
MLS® #341262
Price$199,999
Bathrooms0.00
Square Footage3,712
Acres0.00
TypeMulti-Family
StatusActive
Community Information
Address502 Lakeside Dr E
SubdivisionFlour Bluff Estates
CityCorpus Christi
CountyNueces County
StateTX
Zip Code78418
Amenities
ParkingGravel
Utilities

City Sewer, City Water, Gas Available

Interior
InteriorOther
Interior FeaturesNone
HeatingWindow Unit
# of Stories1
Appliances

Freestanding Range, Refrigerator

Exterior
Lot DescriptionOther
RoofComposite Shingle
FoundationPier and Beam
School Information
DistrictFlour Bluff ISD
ElementaryFlour Bluff
MiddleFlour Bluff
HighFlour Bluff
Additional Information
Date ListedMarch 15th, 2019
Days on Market251
HOA Fees0.00
Listing Details
AgentBrian Banks
OfficeATC Metro Properties
Property History
Status Changed from Pending to Active
Status Changed from Active to Pending
Status Changed from Pending to Active
Status Changed from Active to Pending
Price Reduced from $225,000 to $199,999
LISTING MAP

The information being provided by the Corpus Christi Association of REALTORS® is exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

Listing information last updated on October 18th, 2019 at 3:10am CDT.

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