2026 Waldron Rd - Apartments FOR SALE
Corpus Christi, TX 78418 |
2026 Waldron Rd
Corpus Christi, TX 78418
HIGHLIGHTS
- Below Market Rents: Serene Shores offers rents well below competitors, with potential to raise rents to market rates upon lease expirations.
- Attractive Basis: The property is offered at a competitive price with potential for NOI growth.
- Capital Improvements: Current ownership has upgraded most unit interiors with new flooring, paint, resurfaced countertops, and lighting fixtures.
- New owners can further enhance the exterior for higher rent potential.
- Loan Assumption Opportunity: Existing loan can be assumed at 5.07% rate, w/ 5+ years remaining, offering flexibility for improvements & refi
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
Serene Shores
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
12240
STORIES
2
YEAR BUILT
1973
PARKING SPACES
-
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
225755
