1419 Laredo Street

Corpus Christi, TX 78401

$375,000
Price
Beds
2,679 Sq. Ft.
$140 / Sq. Ft.
2,679
Sq. Ft.
$140
per Sq. Ft.

Description

Investors, take note! This 9-unit multifamily property is a cash cow, delivering excellent cash flow and strong rental demand. Located just minutes from downtown Corpus Christi, this complex offers a prime location with close proximity to shopping, dining, and entertainment. Of the 9 apartments, several have been recently updated, attracting quality tenants and increasing the property's overall value. 7 out of 9 units are currently leased, providing a steady income stream. At the current rental rates,...Investors, take note! This 9-unit multifamily property is a cash cow, delivering excellent cash flow and strong rental demand. Located just minutes from downtown Corpus Christi, this complex offers a prime location with close proximity to shopping, dining, and entertainment. Of the 9 apartments, several have been recently updated, attracting quality tenants and increasing the property's overall value. 7 out of 9 units are currently leased, providing a steady income stream. At the current rental rates, the property generates $6,095 per month in gross rent, with room to increase profits by making additional cosmetic renovations to further boost the rental potential. The property is currently professionally managed, providing a hassle-free investment. Whether you're looking to expand your portfolio or get started with a strong-performing asset, this property offers high returns and growth potential in a thriving market. Don't miss out on this opportunity to acquire this cash cow!
  1. Listed by Tyler Fox • TREC #0766579 • NB Elite Realty
  2. Listed by Arlene Fox • TREC #0649590 • NB Elite Realty

Property Details for 1419 Laredo Street

Parking Features
Gravel, RearSideOffStreet
Parking Total
9.00
Stories
2
Subdivision Name
South Bluff
Waterfront
No
LISTING UPDATED: 10/18/2024 05:26 PM

Property Details for 1419 Laredo Street

StatusActive
MLS #447223
Days on Market89
Taxes$2,797 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeResidential / Apartment
Year Built1955
CountyNueces County

Building Information for 1419 Laredo Street

Building/Complex1419 Laredo StFloor-Stories2Residences-Pet Policy-Year Built1955

Property Information for 1419 Laredo Street

Summary
Location and General Information
  • City: Corpus Christi
  • County Or Parish: Nueces
  • State Or Province: TX
  • Road Surface Type: Asphalt
  • Postal Code: 78401
Taxes and HOA Information
  • Parcel Number: 816100310050
  • Association Fee: $.00
  • Association: No
  • Tax Annual Amount: $2,797.00
  • Tax Block: 31
  • Tax Legal Description: SOUTH BLUFF W/2 OF LT 4 (AKA LT 4B) & LT 5 BK 31
  • Tax Lot: 4
School Information
  • Elementary School: Allen
  • Elementary School District: Corpus Christi ISD
  • High School: Miller
  • High School District: Corpus Christi ISD
  • Middle Or Junior School: Driscoll
  • Middle Or Junior School District: Corpus Christi ISD
Virtual Tour
Property
Lot Information
  • Building Area Source: Appraiser
  • Building Area Total: 2679.0
  • Living Area: 2679.0
  • Living Area Source: Appraiser
  • Lot Features: InteriorLot
  • Lot Size Acres: 0.25
  • Lot Size Area: 10907.0
  • Lot Size Square Feet: 10907.0
  • Number Of Buildings: 2
Property and Assessments
  • Other Structures: Other
  • Year Built: 1955
  • Property Sub Type: Apartment
  • Property SubType Additional: Apartment
  • Property Type: Residential
  • Construction Materials: HardiplankType, WoodSiding
Utilities
  • Sewer: PublicSewer
  • Utilities: NaturalGasAvailable, SewerAvailable, WaterAvailable
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: Other
  • Fencing: ChainLink
  • Foundation Details: PillarPostPier
  • Pool Features: None
  • Roof: Shingle
  • Security Features: SmokeDetectors
Interior Features
  • Appliances: FreeStandingRange, GasOven, GasRange, Refrigerator
  • Cooling: Yes
  • Cooling: WindowUnits
  • Flooring: Laminate, Linoleum, Vinyl
  • Heating: WindowUnit
  • Heating: Yes
  • Interior Features: OpenFloorplan
  • Laundry Features: WasherHookup, DryerHookup
  • Levels: Two
  • Stories Total: 2
  • Window Features: WindowCoverings
  • Bathrooms Total: 0
Mobile Home
Mobile/Manufactured Home
  • Human Modified: Yes
Multi Family
Multi-Family Information
  • Number Of Units In Community: 9
  • NumberOfUnitsTotal: 0

Property History for 1419 Laredo Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1419 Laredo Street

Taxable ValueLand$29,997Additions$101,225Total$131,222
Tax Record2023$2,797 ($233 / month)
Home Facts
Total Finished SqFt1,839 SqFtAbove Grade Finished SqFt1,839 SqFtStories1Lot Size10,890 SqFtStyleMulti-Family Res (5+ Units)Year Built1955ZoningI-2CountyNUECESAPN8161-0031-0050

Schools near 1419 Laredo Street

This home is within Corpus Christi Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 7 to 12
Public - 7 to 12
Rating
School
Distance
Evans Ses
PublicPK to 5

Driscoll Middle School
Public6 to 8

Roy Miller High School And Metro School Of
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1419 Laredo Street is a condo for sale in Corpus Christi, TX 78401. This property was listed for sale on August 23, 2024 by NB Elite Realty, it's currently listed at $375,000. This listing's school district is Corpus Christi Independent School District. Nearby schools include Evans Ses, Driscoll Middle School and Roy Miller High School And Metro School Of. 1419 Laredo Street is a 0-bed, 0-bath, 2,679 sqft condo built in 1955.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of NB Elite Realty

Based on information from one of the following Multiple Listing Services: GMAR MLS, South Texas MLS and Amarillo Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by GMAR MLS, South Texas MLS and Amarillo Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.