2129 16th Street

Corpus Christi, TX 78404

$395,000
Price
Beds
3,360 Sq. Ft.
$118 / Sq. Ft.
3,360
Sq. Ft.
$118
per Sq. Ft.

Description

This recently renovated 4-plex in the heart of Corpus Christi is a prime investment opportunity. Each unit features generous-sized rooms, washer/dryer hookups, and updated interiors, making it a desirable rental property with a 95% occupancy rate. With a current rent roll of $3,900 and a pro forma of $4,200, this property offers strong cash flow with room for growth. There are additional value-add opportunities, such as an exterior paint upgrade and implementing a RUBS (Ratio Utility Billing System),...This recently renovated 4-plex in the heart of Corpus Christi is a prime investment opportunity. Each unit features generous-sized rooms, washer/dryer hookups, and updated interiors, making it a desirable rental property with a 95% occupancy rate. With a current rent roll of $3,900 and a pro forma of $4,200, this property offers strong cash flow with room for growth. There are additional value-add opportunities, such as an exterior paint upgrade and implementing a RUBS (Ratio Utility Billing System), further boosting your return. Plus, there's potential to convert the back storage space into a 5th unit. This property is perfect for FHA buyers, offering a 3.5% down payment option to live in one unit while renting out the others. For investors, 1031 exchange and DSCR loan options are also available. This property is a part of a larger multifamily portfolio, with other properties available.
  1. Listed by Payton Dodson • TREC #0583922 • TruStar Real Estate

Property Details for 2129 16th Street

Parking Features
Gravel
Stories
2
Subdivision Name
P A Cliffs
Waterfront
No
LISTING UPDATED: 12/09/2024 04:41 PM

Property Details for 2129 16th Street

StatusActive
MLS #449089
Days on Market75
Taxes$3,995 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential / Quadruplex
Year Built1961
Lot Size0.22 AC / 9,583 SF
CountyNueces County

Building Information for 2129 16th Street

Stories2Residences4Year Built1961Building Size-Lot Size0.22 AC / 9,583 SF

Property Information for 2129 16th Street

Summary
Location and General Information
  • City: Corpus Christi
  • County Or Parish: Nueces
  • State Or Province: TX
  • Postal Code: 78404
Taxes and HOA Information
  • Parcel Number: 610314070150
  • Association Fee: $.00
  • Association: No
  • Tax Annual Amount: $3,995.00
  • Tax Block: 1406
  • Tax Legal Description: P A CLIFFS N5' OF LT 15, ALL LTS 16 & 17 & S20' OF LT 18 BLK 1406A
  • Tax Lot: 16
School Information
  • Elementary School: Menger
  • Elementary School District: Corpus Christi ISD
  • High School: Ray
  • High School District: Corpus Christi ISD
  • Middle Or Junior School: Baker
  • Middle Or Junior School District: Corpus Christi ISD
Virtual Tour
Property
Lot Information
  • Building Area Source: Appraiser
  • Building Area Total: 3360.0
  • Living Area: 3360.0
  • Living Area Source: Appraiser
  • Lot Features: Other
  • Lot Size Acres: 0.22
  • Lot Size Area: 9383.0
  • Lot Size Square Feet: 9383.0
Property and Assessments
  • Year Built: 1961
  • Property Sub Type: Quadruplex
  • Property SubType Additional: Quadruplex
  • Property Type: Residential
Utilities
  • Sewer: PublicSewer
  • Utilities: SewerAvailable, WaterAvailable
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Foundation Details: PillarPostPier
  • Roof: Flat
Interior Features
  • Appliances: ElectricOven, ElectricRange, Refrigerator
  • Cooling: Yes
  • Cooling: CentralAir
  • Flooring: Vinyl
  • Heating: Central, Electric
  • Heating: Yes
  • Interior Features: Other
  • Laundry Features: WasherHookup, DryerHookup
  • Levels: Two
  • Stories Total: 2
  • Bathrooms Total: 0
Mobile Home
Mobile/Manufactured Home
  • Human Modified: Yes
Multi Family
Multi-Family Information
  • NumberOfUnitsTotal: 4
Unit 1
  • Baths Total: 1
  • Beds Total: 2
Unit 2
  • Baths Total: 1
  • Beds Total: 2
Unit 3
  • Baths Total: 1
  • Beds Total: 2
Unit 4
  • Baths Total: 1
  • Beds Total: 2

Property History for 2129 16th 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 2129 16th Street

Taxable ValueLand$18,768Additions$168,673Total$187,441
Tax Record2023$4,928 ($411 / month)
Home Facts
Total Finished SqFt3,360 SqFtAbove Grade Finished SqFt3,360 SqFtStories2Lot Size9,365 SqFtStyleQuadraplexYear Built1961CountyNUECESAPN6103-1407-0150

Schools near 2129 16th Street

This home is within Corpus Christi Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Menger Elementary School
PublicPK to 5

Baker Middle School
Public6 to 8

Ray High School
Public9 to 12

Collegiate High School
Public9 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

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2129 16th Street is a multi-family home for sale in Corpus Christi, TX 78404. This property was listed for sale on October 3, 2024 by TruStar Real Estate, it's currently listed at $395,000. It has been on the market for a total of 75 days and was last sold on September 16, 2021. This listing's school district is Corpus Christi Independent School District. Nearby schools include Menger Elementary School, Baker Middle School and Ray High School. 2129 16th Street is a 0-bed, 0-bath, 3,360 sqft multi-family home built in 1961.

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 TruStar Real Estate

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.