2032 State Highway 361 | Ingleside, TX 78362
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- LoopNet Team
2032 State Highway 361
Ingleside, TX 78362
The Cove · Multifamily Property For Sale
·
264 Units
INVESTMENT HIGHLIGHTS
- Outstanding Fannie Mae Loan Assumption opportunity with a 4.88% fixed rate, full-term interest only, and over 80% LTV
- Proximity to the booming Port of Corpus Christi, the US’s largest port in total revenue tonnage and the fastest-growing port in the nation
- Asking price is well below estimated replacement cost
- Premier multifamily asset with luxurious interiors & desirable amenities
- Favorable property taxes compared to neighboring Nueces County (Corpus Christi proper)
PROPERTY FACTS
| No. Units | 264 | Building Size | 219,516 SF |
| Property Type | Multifamily | Average Occupancy | 80% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 2017 |
| Building Class | A | Parking Ratio | 2.45/1,000 SF |
| Lot Size | 15.04 AC |
| No. Units | 264 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | A |
| Lot Size | 15.04 AC |
| Building Size | 219,516 SF |
| Average Occupancy | 80% |
| No. Stories | 3 |
| Year Built | 2017 |
| Parking Ratio | 2.45/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Crown Molding
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Sprinkler System
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Pantry
SITE AMENITIES
- 24 Hour Access
- Business Center
- Clubhouse
- Fitness Center
- Picnic Area
- Property Manager on Site
- Gated
- Pet Play Area
- Maintenance on site
- Sundeck
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 132 | - | 722 |
| 2+2 | 132 | - | 941 |
PROPERTY TAXES
| Parcel Number | 66374 | Improvements Assessment | $29,388,685 |
| Land Assessment | $2,292,998 | Total Assessment | $31,681,683 |
PROPERTY TAXES
Parcel Number
66374
Land Assessment
$2,292,998
Improvements Assessment
$29,388,685
Total Assessment
$31,681,683
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