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- LoopNet Team
401 N Chaparral St
Corpus Christi, TX 78401
The Cosmopolitan Corpus Christi · Multifamily Property For Sale
·
165 Units
Investment Highlights
- High-Performing Waterfront Multifamily Community
- Pro Forma Cap at Purchase: 6.0%
- Gross Square Footage: 258,000 SF (Multifamily + Retail)
- Essentially 100% Leased with a waiting list
- Pro Format IRR Over 5-Year Hold: 23.39%
- 4,000 SF of attached Retail
Property Facts
| No. Units | 165 | Lot Size | 1.34 AC |
| Property Type | Multifamily | Building Size | 135,433 SF |
| Property Subtype | Apartment | Average Occupancy | 89% |
| Apartment Style | Mid-Rise | No. Stories | 5 |
| Building Class | B | Year Built | 2018 |
| Zoning | Opportunity Zone | ||
| No. Units | 165 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 1.34 AC |
| Building Size | 135,433 SF |
| Average Occupancy | 89% |
| No. Stories | 5 |
| Year Built | 2018 |
| Zoning | Opportunity Zone |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Freezer
Site Amenities
- 24 Hour Access
- Business Center
- Controlled Access
- Clubhouse
- Courtyard
- Fitness Center
- Pool
- Tenant Controlled HVAC
- Cabana
- Dry Cleaning Service
- Grill
- On-Site Retail
- Wi-Fi
- Conference Rooms
- Elevator
- Online Services
- Sundeck
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 123 | - | 669 - 868 |
| 2+2 | 42 | - | 1,098 |
Property Taxes
| Parcel Number | 522812 | Improvements Assessment | $17,899,974 |
| Land Assessment | $700,026 | Total Assessment | $18,600,000 |
Property Taxes
Parcel Number
522812
Land Assessment
$700,026
Improvements Assessment
$17,899,974
Total Assessment
$18,600,000
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