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Country Club Manor 5430 Saratoga Blvd

128 Unit Apartment Building For Sale Corpus Christi, TX 78413

Investment Highlights

  • 128-Unit Value-Add Apartment Community in Prime South Side Corpus Christ Location.
  • Well-maintained asset with over $1.56M in capital improvements since 2020.
  • Located along the heavily trafficked Saratoga Boulevard near major employment and retail centers.
  • Attractive Freddie Mac loan assumption opportunity offering a fixed rate, high leverage, and interest-only remaining.
  • Proven value-add concept with abundant upside remaining; most units remain in classic condition.
  • Affluent surrounding demographics with higher-than-average household incomes & home values relative to the market.

Executive Summary

Newmark has been exclusively retained to represent the Seller in the disposition of Country Club Manor. All inquiries about the Offering or the Properties should be directed to Newmark. The Properties are being offered on a loan assumption basis to qualified purchasers. Prospective purchasers will have the opportunity to visit the Properties through scheduled tours with Newmark. Please do not contact the on-site management directly.

Data Room Click Here to Access

Financial Summary (Actual - 2023) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual $99,999
Annual Per SF $9.99
Vacancy Loss (CAD)
Annual $99,999
Annual Per SF $9.99
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type Investment
No. Units 128
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class B
Lot Size 6.49 AC
Building Size 150,000 SF
Average Occupancy 74%
No. Stories 2
Year Built 1971
Parking Ratio 1.95/1,000 SF

Unit Amenities

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Dishwasher
  • Microwave
  • Washer/Dryer
  • Washer/Dryer Hookup
  • Security System
  • Ceiling Fans
  • Hardwood Floors
  • Refrigerator

Site Amenities

  • Laundry Facilities
  • Picnic Area
  • Playground
  • Pool
  • Grill

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 50 - 632 - 703
2+1.5 58 - 821 - 1,262
3+2 10 - 1,111
3+2.5 10 - 1,468

zoning

Zoning Code A-1
A-1
  • Listing ID: 33109875

  • Date on Market: 2024-09-09

  • Last Updated:

  • Address: 5430 Saratoga Blvd, Corpus Christi, TX 78413

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