2026 Waldron Rd | Corpus Christi, TX 78418
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2026 Waldron Rd
Corpus Christi, TX 78418
Serene Shores · Multifamily Property For Sale
·
20 Units
INVESTMENT HIGHLIGHTS
- Below Market Rents: Serene Shores offers rents well below competitors, with potential to raise rents to market rates upon lease expirations.
- Capital Improvements: Current ownership has upgraded most unit interiors with new flooring, paint, resurfaced countertops, and lighting fixtures.
- Loan Assumption Opportunity: Existing loan can be assumed at 5.07% rate, w/ 5+ years remaining, offering flexibility for improvements & refi
- Attractive Basis: The property is offered at a competitive price with potential for NOI growth.
- New owners can further enhance the exterior for higher rent potential.
PROPERTY FACTS
| No. Units | 20 | Lot Size | 0.98 AC |
| Property Type | Multifamily | Building Size | 12,240 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | B | Year Built | 1973 |
| Zoning | A-1A | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.98 AC |
| Building Size | 12,240 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1973 |
| Zoning | A-1A |
AMENITIES
UNIT AMENITIES
- Balcony
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Range
- Carpet
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 20 | - | 578 |
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