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Studio 44 Apartments 817 N Carancahua St 44 Unit Apartment Building $5,000,000 ($113,636/Unit) Corpus Christi, TX 78401
INVESTMENT HIGHLIGHTS
- Fully Renovated in 2018 – Extensive modernization of interiors and common areas while maintaining structural integrity and character.
- 44 Micro Loft Units – Efficient, well-designed studio apartments ranging from 265–500 SF, ideal for modern urban living.
- Off-Street Parking – 0.31 acre surface parking lot catty-corner from the building; parking included for all units.
- Downtown Location – Situated in the heart of Corpus Christi’s Central Business District; walkable access to restaurants, entertainment and bayfront.
- Harbor Bridge & Bay Views – Many units offer striking views of the iconic Harbor Bridge and Corpus Christi Bay.
- Turnkey Investment – Stabilized asset with minimal deferred maintenance, ready for immediate cash flow.
EXECUTIVE SUMMARY
Located in the heart of downtown Corpus Christi, this property is positioned to capture strong demand from the city’s medical, legal, government and service-sector workforce. This building offers 44 fully renovated micro lofts with contemporary finishes, efficient layouts and strong tenant appeal. The property sits on a corner lot and includes a surface parking lot with 27 spaces located catty-corner from the building, guaranteeing valuable off-street parking in a dense urban submarket.
Why Micro-Units Work Here:
- Strong demand from traveling professionals
- Limited quality affordable options in immediate downtown area
- Lower turnover rates and lower operating costs
- Diversified tenant base reduces risk
Next Steps:
A high-level financial snapshot is available upon request. Full financials, rent roll and supporting documents can be provided after NDA execution. Contact David Heitzman at 361.541.4417 or dheitzman@craveyrealestate.com
Why Micro-Units Work Here:
- Strong demand from traveling professionals
- Limited quality affordable options in immediate downtown area
- Lower turnover rates and lower operating costs
- Diversified tenant base reduces risk
Next Steps:
A high-level financial snapshot is available upon request. Full financials, rent roll and supporting documents can be provided after NDA execution. Contact David Heitzman at 361.541.4417 or dheitzman@craveyrealestate.com
PROPERTY FACTS
| Price | $5,000,000 | Building Class | B |
| Price Per Unit | $113,636 | Lot Size | 0.25 AC |
| Sale Type | Investment | Building Size | 24,384 SF |
| No. Units | 44 | Average Occupancy | 91% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built/Renovated | 1954/2018 |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Zoning | CBD | ||
| Price | $5,000,000 |
| Price Per Unit | $113,636 |
| Sale Type | Investment |
| No. Units | 44 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.25 AC |
| Building Size | 24,384 SF |
| Average Occupancy | 91% |
| No. Stories | 4 |
| Year Built/Renovated | 1954/2018 |
| Opportunity Zone |
Yes |
| Zoning | CBD |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Views
- Freezer
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Picnic Area
- Breakfast/Coffee Concierge
- Package Service
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 44 | - | 265 - 500 |
Walk Score®
Very Walkable (76)
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Studio 44 Apartments | 817 N Carancahua St
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