615-619 S Tancahua St - Apartments FOR SALE


Corpus Christi, TX 78401- Downtown Corpus Christi
$975,000 USD
361-739-1696
615-619 S Tancahua St, Corpus Christi, TX for Sale
$975,000 USD
Apartments - FOR SALE
1/36
null | Request Cap Rate

615-619 S Tancahua St
Corpus Christi, TX 78401
Downtown Corpus Christi


HIGHLIGHTS

  • S Tancahua St

OVERVIEW

24-Unit Multifamily Investment Opportunity Near Downtown Corpus Christi & the Bay Opportunities like this don’t come to market every day. This 24-unit apartment complex offers investors the chance to acquire a well-positioned multifamily asset just minutes from Corpus Christi Bay and downtown Corpus Christi. The property features a diverse unit mix of studios, one-bedroom, and two-bedroom apartments, creating flexibility to serve a broad tenant base. Additional value comes from on-site storage and 14 covered parking spaces. There is also an opportunity to further increase income and operational efficiency. One unit could be utilized for on-site management, converted into a dedicated laundry facility to generate additional revenue, or leased as an additional studio apartment. The property has already benefited from numerous capital improvements, including exterior paint, new roofs, updated electrical panels, and plumbing repairs—helping position the asset for its next phase of ownership. For seasoned investors, this is an opportunity to add a 24-unit multifamily property in a desirable Corpus Christi location with existing improvements, multiple income-enhancement possibilities, and potential for continued value creation. Add this established multifamily asset to your portfolio and capitalize on the opportunity to maximize its income-producing potential.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$68 USD /SF

# OF UNITS

24

PRICE/UNIT

$40,625

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tancahua Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.28 AC

LAND SF

55,757 SF

ZONING

A1

APN/PARCEL ID

200023348

ASK ABOUT THIS PROPERTY

Matthew ForresterRE/MAX Elite, Residential OfficeMore Info
361-739-1696

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Matthew ForresterRE/MAX Elite, Residential OfficeMore Info
361-739-1696

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.