Country Club Manor | 5430 Saratoga Blvd
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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
- Offering Memorandum
- Operating and Financials
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 | Lot Size | 6.49 AC |
No. Units | 128 | Building Size | 150,000 SF |
Property Type | Multifamily | Average Occupancy | 74% |
Property Subtype | Apartment | No. Stories | 2 |
Apartment Style | Garden | Year Built | 1971 |
Building Class | B | Parking Ratio | 1.95/1,000 SF |
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 |
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Country Club Manor | 5430 Saratoga Blvd
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