Six Unit Loft Apartment in Corpus Christi, Texas 100% Occupancy

[Boots Swikert]

The building is a converted Fire House built in 1925 of cinder-block construction. Complete new roof in 2013. There are six one bedroom loft units with sq footages ranging from 624 to 1040 sq ft. The property is .22 acre. The annual total rental income at current rents is $49,440.00 Current rents are below average.  Additional income from a coin operated washer and dryer $4,200. Annual expenses 13,500 . The building has no debt and is not in need of repair. The building is within .5 mile to fine dining, casual dining, American Bank Center, South Texas Art Museum, Corpus Christi Bay and Bayfront, downtown nightlife, hospitals, fire station and police station. Private and public schools within 1 mile. There is 100% occupancy with a waiting list.  Price 435,000