1802 Morgan Ave
CorpusChristi, TX 78404

Description

3 INCOME PRODUCING PROPERTIES WITH 5 UNITS WITH ROOM TO EXPAND TO 6 UNITS. TWO SINGLE STORY BUILDINGS. ONE IS 2 BEDROOM AND ONE IS A ONE BEDROOM UNIT. THE CENTER TWO STORY BUILDING HAS TWO ONE BEDROOM UNITS UPSTAIRS. THE BOTTOM FLOOR IS CURRENTLY OPEN STORAGE SPACE WITH A BATHROOM AND UTILITY RM. SPACE. CURRENT ZONING SHOULD ALLOW THE BOTTOM SPACE TO BE FINISHED OUT TO A LARGE 1 BEDROOM AND THE REMAINING SPACE COULD BE GARAGE OR STORAGE. CURRENT ZONING ALSO ALLOWS BUSINESS OFFICE WITH LIVING QUARTERS ABOVE FOR ONSITE TENANT. THEREFOR THE UNFINISHED BOTTOM FLOOR COULD BE OFFICE SPACE AS ANOTHER OPTION. INTERIORS HAVE BEEN RENOVATED AND ARE CURRENTLY BE RENTED ON WEEKLY BASES PER BED SPACE FOR SHORT TERM RENTALS. APPLIANCES ON SITE WILL REMAIN INCLUDING TV'S. PROPERTY IS CONVENIENTLY LOCATED TO HOSPITAL DISTRICT, DOWNTOWN AND SHORT DRIVE TO MALLS FOR SHOPPING.THIS PROPERTY IS A GREAT FIRST TIME INVESTOR PROPERTY OR A GREAT ADDITION TO ANY INVESTORS PORTFOLIO.

Details

MLS#348096
Sub-TypeResale
StatusActive
Year0
Days On Site17

Features

SQ Feet3,232
Units5
Building(s)3

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Area Information

StateTX
CountyNueces County
CityCorpusChristi
Zip Code78404
AreaNueces County
Listing VS Median (in 78404)
Price:
$170,000
low | high
Med:
$160,000
55.882352941176% of Average
SqFt:
3,232
low | high
Med:
1,788
94.678217821782% of Average
$ / SqFt:
$53
low | high
Med:
$100
40.994708540261% of Average
On Site:
17
low | high
Med:
164.5
10.334346504559% of Average
Listing Updated: 08/18/2019
MLS Number: 348096
Listing Provided By:
Dale Pittman  of  Prime Real Estate