9850 La Branch Dr - Apartments FOR SALE


Corpus Christi, TX 78410- Northwest Corpus Christi
$1,800,000 USD
361-303-3334
9850 La Branch Dr, Corpus Christi, TX for Sale
$1,800,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

9850 La Branch Dr
Corpus Christi, TX 78410
Northwest Corpus Christi


HIGHLIGHTS

  • Value-add opportunity with upside through lease-up, renovations, and NOI growth at ~75% occupancy
  • 27-unit multifamily asset with a diverse 1-, 2-, and 3-bedroom unit mix
  • ±1 acre of additional commercial land for future development or income potential
  • Located in the growing Calallen / Northwest Corpus Christi submarket

OVERVIEW

Located at 9850 La Branch Dr, this 27-unit multifamily investment presents a value-add opportunity in the growing Calallen/Northwest Corpus Christi submarket. The property consists of three buildings with a diversified unit mix of twelve 1-bedroom units, fourteen 2-bedroom units, and one 3-bedroom unit, catering to a broad tenant base. The asset is currently operating at approximately 75% occupancy (as-is), providing immediate upside through lease-up and operational optimization. In addition to the existing multifamily improvements, the offering includes ±1 acre of undeveloped commercial land, creating optionality for future development, expansion, or alternative income strategies. Income figures reflect the current as-is condition per the provided Excel rent roll, allowing investors to implement their own renovation, repositioning, or management strategy to drive increased cash flow and long-term appreciation.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$101 USD /SF

# OF UNITS

27

PRICE/UNIT

$66,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Westwood Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

AB

APN/PARCEL ID

200060394

ASK ABOUT THIS PROPERTY

James MagillDH Realty Partners, Inc.More Info
361-303-3334

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James MagillDH Realty Partners, Inc.More Info
361-303-3334

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