801 S Carancahua St 6 Unit Apartment Building $763,565 CAD ($127,261 CAD/Unit) 6% Cap Rate Corpus Christi, TX 78401
INVESTMENT HIGHLIGHTS
- Close to the waterfront
- Potential for increasing income
- long term tenants in place
EXECUTIVE SUMMARY
6 unit historic building close to the Corpus Christi Bay waterfront. Long term tenants in place and currently 5 of the 6 units are occupied. Lots of potential to bring added value to this property. Property also includes a coin washer and dryer.
FINANCIAL SUMMARY (PRO FORMA - 2024) 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
|
PROPERTY FACTS
| Price | $763,565 CAD |
| Price Per Unit | $127,261 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 4,747 SF |
| Average Occupancy | 83% |
| No. Stories | 1 |
| Year Built | 1935 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | $1,208 CAD | 624 - 1,040 |
1 of 1
Walk Score®
Very Walkable (71)
