Description
Great Airbnb opportunity on North Beach! These 5 unit cottages brought in $161k in 2022 at 40% occupancy (Gold building has 2 units). Views of the Gulf of Mexico, walking distance to all the restaurants, the Lexington, The Texas State Aquarium and only minutes to Downtown Corpus Christi. The units will all be furnished, empty lot next to the complex to build another unit. The North Beach cottages built on stilts also have in-ground pool with cabana for guests. With current occupancy, it's a 5.2% cap rate with potential to 8%+ cap rate. Financials available upon request.
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6BEDS
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0.3ACRES
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5BATHS
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01/2 BATHS
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3,984SQFT
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$301$/SQFT
School Information
Description
Great Airbnb opportunity on North Beach! These 5 unit cottages brought in $161k in 2022 at 40% occupancy (Gold building has 2 units). Views of the Gulf of Mexico, walking distance to all the restaurants, the Lexington, The Texas State Aquarium and only minutes to Downtown Corpus Christi. The units will all be furnished, empty lot next to the complex to build another unit. The North Beach cottages built on stilts also have in-ground pool with cabana for guests. With current occupancy, it's a 5.2% cap rate with potential to 8%+ cap rate. Financials available upon request.