502 Lakeside Dr E, Corpus Christi, 78418

REDUCED 11% Multi-Family For Sale in Flour Bluff Estates

$199,999

Beds
Baths
3,712Sqft
Built
248DOM
MLS® #: 341262
Active, 248 Days on Market

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.

Price & Status History

Date Details
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

Essential Information

MLS® #: 341262
Price: $199,999
Bathrooms: 0.00
Square Footage: 3,712
Acres: 0.00
Type: Multi-Family
Status: Active

Community Information

Address: 502 Lakeside Dr E
Subdivision: Flour Bluff Estates
City: Corpus Christi
County: Nueces County
State: TX
Zip Code: 78418

Amenities

Utilities: City Sewer, City Water, Gas Available
Parking: Gravel

Interior

Interior: Other
Interior Features: None
Appliances: Freestanding Range, Refrigerator
Heating: Window Unit
# of Stories: 1

Exterior

Lot Description: Other
Roof: Composite Shingle
Foundation: Pier and Beam

School Information

District: Flour Bluff ISD
Elementary: Flour Bluff
Middle: Flour Bluff
High: Flour Bluff

Additional Information

Date Listed: March 15th, 2019
Days on Market: 248
HOA Fees: 0.00

Listing Details

Listing Office: ATC Metro Properties

Financials

$/SqFt: $54

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 16th, 2019 at 8:53am CDT.