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Tancahua Apartments 615-619 S Tancahua St 24 Unit Apartment Building $975,000 ($40,625/Unit) Corpus Christi, TX 78401
Investment Highlights
- S Tancahua St
Executive Summary
24-Unit Multifamily Investment Opportunity Near Downtown Corpus Christi & the Bay Opportunities like this don’t come to market every day. This 24-unit apartment complex offers investors the chance to acquire a well-positioned multifamily asset just minutes from Corpus Christi Bay and downtown Corpus Christi. The property features a diverse unit mix of studios, one-bedroom, and two-bedroom apartments, creating flexibility to serve a broad tenant base. Additional value comes from on-site storage and 14 covered parking spaces. There is also an opportunity to further increase income and operational efficiency. One unit could be utilized for on-site management, converted into a dedicated laundry facility to generate additional revenue, or leased as an additional studio apartment. The property has already benefited from numerous capital improvements, including exterior paint, new roofs, updated electrical panels, and plumbing repairs—helping position the asset for its next phase of ownership. For seasoned investors, this is an opportunity to add a 24-unit multifamily property in a desirable Corpus Christi location with existing improvements, multiple income-enhancement possibilities, and potential for continued value creation. Add this established multifamily asset to your portfolio and capitalize on the opportunity to maximize its income-producing potential.
Property Facts
| Price | $975,000 | Apartment Style | Low-Rise |
| Price Per Unit | $40,625 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.28 AC |
| No. Units | 24 | Building Size | 14,388 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1925 |
| Zoning | A1 | ||
| Price | $975,000 |
| Price Per Unit | $40,625 |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.28 AC |
| Building Size | 14,388 SF |
| No. Stories | 2 |
| Year Built | 1925 |
| Zoning | A1 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | $695.00 | 363 |
| 1+1 | 8 | $795.00 | 457 |
| 2+1 | 4 | $895.00 | 688 |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 200023348 | Improvements Assessment | $115,917 |
| Land Assessment | $251,848 | Total Assessment | $367,765 |
Property Taxes
Parcel Number
200023348
Land Assessment
$251,848
Improvements Assessment
$115,917
Total Assessment
$367,765
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Tancahua Apartments | 615-619 S Tancahua St