502 Lakeside Dr E
CorpusChristi, TX 78418

Description

NEW PRICE!!<<>>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.

Details

MLS#341262
Sub-TypeResale
StatusActive
Year0
Days On Site164

Features

SQ Feet3,712

Market Activity 78418

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Area Information

StateTX
CountyNueces County
CityCorpusChristi
Zip Code78418
AreaNueces County
Listing VS Median (in 78418)
Price:
$199,999
low | high
Med:
$225,700
37.149435747179% of Average
SqFt:
3,712
low | high
Med:
965
100% of Average
$ / SqFt:
$54
low | high
Med:
$234
100% of Average
On Site:
164
low | high
Med:
123
100% of Average
Listing Updated: 08/24/2019
MLS Number: 341262
Listing Provided By:
Brian Banks  of  ATC Metro Properties