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4848 S Alameda St
Corpus Christi, TX 78412
The Sterling · Multifamily Property For Sale
·
180 Units
Investment Highlights
- Unique Asset with Spacious Floorplans and 1st-Floor Access for Most Units
- 100% of Unit Interiors Have Remaining Value-Add Potential
- Excellent Multifamily Market with 9.1% YOY Rent Growth and 93.3% Average Occupancy
- Strategic, Central Location with Easy Access to Top Corpus Christi Employment
- Over $1.2 Million in Improvements Made Since 2020
- Strong Demographics Within Immediate Area
Property Facts
| No. Units | 180 | Construction Status | Under Renovation |
| Property Type | Multifamily | Building Size | 144,396 SF |
| Property Subtype | Apartment | Average Occupancy | 35% |
| Apartment Style | Garden | No. Stories | 2 |
| Building Class | B | Year Built/Renovated | 1964/2027 |
| Lot Size | 6.12 AC | Parking Ratio | 1.81/1,000 SF |
| Zoning | B-1 | ||
| No. Units | 180 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 6.12 AC |
| Construction Status | Under Renovation |
| Building Size | 144,396 SF |
| Average Occupancy | 35% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2027 |
| Parking Ratio | 1.81/1,000 SF |
| Zoning | B-1 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Dining Room
- Window Coverings
Site Amenities
- Business Center
- Clubhouse
- Fitness Center
- Laundry Facilities
- Property Manager on Site
- Breakfast/Coffee Concierge
- Package Service
- Storage Space
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 20 | $749.00 | 533 |
| 1+1 | 52 | $910.50 | 733 - 915 |
| 2+2 | 48 | $1,101 | 1,190 - 1,200 |
| 2+1 | 40 | $957.00 | 870 - 1,085 |
| 3+2 | 20 | $1,571 | 1,600 - 2,200 |
Property Taxes
| Parcel Number | 199868 | Improvements Assessment | $6,074,102 |
| Land Assessment | $1,066,348 | Total Assessment | $7,140,450 |
Property Taxes
Parcel Number
199868
Land Assessment
$1,066,348
Improvements Assessment
$6,074,102
Total Assessment
$7,140,450
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