1419 Laredo Street
$375,000
—
2,679
2,679
$140
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!
- Listed by Tyler Fox • TREC #0766579 • NB Elite Realty
- Listed by Arlene Fox • TREC #0649590 • NB Elite Realty
Property Details for 1419 Laredo Street
Parking Features
Gravel, RearSideOffStreet
Parking Total9.00
Stories2
Subdivision NameSouth Bluff
WaterfrontNo
LISTING UPDATED: 10/18/2024 05:26 PM
Property Details for 1419 Laredo Street
Status | Active |
---|---|
MLS # | 447223 |
Days on Market | 89 |
Taxes | $2,797 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Condo |
MLS Type | Residential / Apartment |
Year Built | 1955 |
County | Nueces County |
Building Information for 1419 Laredo Street
Building/Complex1419 Laredo StFloor-Stories2Residences-Pet Policy-Year Built1955
Property Information for 1419 Laredo Street
Property History for 1419 Laredo Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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 | ||
Coles High School And Educational Center 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.
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