817 N Carancahua St - Apartments FOR SALE


Corpus Christi, TX 78401- Downtown Corpus Christi
$5,000,000 USD
361-289-5168
817 N Carancahua St, Corpus Christi, TX for Sale
$5,000,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

817 N Carancahua St
Corpus Christi, TX 78401
Downtown Corpus Christi


HIGHLIGHTS

  • Fully Renovated in 2018 – Extensive modernization of interiors and common areas while maintaining structural integrity and character.
  • Downtown Location – Situated in the heart of Corpus Christi’s Central Business District; walkable access to restaurants, entertainment and bayfront.
  • 44 Micro Loft Units – Efficient, well-designed studio apartments ranging from 265–500 SF, ideal for modern urban living.
  • Harbor Bridge & Bay Views – Many units offer striking views of the iconic Harbor Bridge and Corpus Christi Bay.
  • Off-Street Parking – 0.31 acre surface parking lot catty-corner from the building; parking included for all units.
  • Turnkey Investment – Stabilized asset with minimal deferred maintenance, ready for immediate cash flow.

OVERVIEW

Located in the heart of downtown Corpus Christi, this property is positioned to capture strong demand from the city’s medical, legal, government and service-sector workforce. This building offers 44 fully renovated micro lofts with contemporary finishes, efficient layouts and strong tenant appeal. The property sits on a corner lot and includes a surface parking lot with 27 spaces located catty-corner from the building, guaranteeing valuable off-street parking in a dense urban submarket. Why Micro-Units Work Here: - Strong demand from traveling professionals - Limited quality affordable options in immediate downtown area - Lower turnover rates and lower operating costs - Diversified tenant base reduces risk Next Steps: A high-level financial snapshot is available upon request. Full financials, rent roll and supporting documents can be provided after NDA execution. Contact David Heitzman at 361.541.4417 or dheitzman@craveyrealestate.com

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$120 USD /SF

# OF UNITS

44

PRICE/UNIT

$113,636

CAP RATE

Request Cap Rate

% LEASED

91%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Studio 44 Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1954

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

11,085 SF

ZONING

CBD

APN/PARCEL ID

196802

ASK ABOUT THIS PROPERTY

David HeitzmanCravey Real Estate Services, Inc.More Info
361-289-5168

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David HeitzmanCravey Real Estate Services, Inc.More Info
361-289-5168

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