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3762 Up River Rd
Corpus Christi, TX 78408
Woodlawn Apartments · Multifamily Property For Sale
·
47 Units
Investment Highlights
- - New ownership, based upon area rent comps, can raise rents up to $197 / unit
- - 6 units have been upgraded with premium-level finishes
- - The Corpus Christi market experienced 2.1% 12-month rent growth
- - Corpus Christi is the 8th most populous city in Texas with a population of 317,863
- - Current ownership was able to boost rents $100+ on units with upgrades on flooring, appliances, and countertops
- - Current ownership has completed a significant amount of capex on the property including completely rebuilding one building
Property Facts
| No. Units | 47 | Building Size | 41,580 SF |
| Property Type | Multifamily | Average Occupancy | 89% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1975/2022 |
| Building Class | C | Parking Ratio | 1.11/1,000 SF |
| Lot Size | 2.07 AC | ||
| Zoning | C - Commercial | ||
| No. Units | 47 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.07 AC |
| Building Size | 41,580 SF |
| Average Occupancy | 89% |
| No. Stories | 2 |
| Year Built/Renovated | 1975/2022 |
| Parking Ratio | 1.11/1,000 SF |
| Zoning | C - Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Heating
- Ceiling Fans
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 17 | $841.50 | 750 - 760 |
| 2+1 | 14 | $919.00 | 960 |
| 2+2 | 16 | $939.00 | 960 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,207,443 | |
| Land Assessment | $222,081 | Total Assessment | $2,429,524 |
Property Taxes
Parcel Numbers
Land Assessment
$222,081
Improvements Assessment
$2,207,443
Total Assessment
$2,429,524
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