Courtesy of: Payton Dodson, TruStar Real Estate, paytondodson@gmail.com
Courtesy of: Payton Dodson, TruStar Real Estate, paytondodson@gmail.com
$769,000
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Lot: 0.32 Acres
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Apartment
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$769,000
240 Indiana Avenue 6-Unit Multifamily | All 2/2 Layouts | In-Unit W/D | DSCR-Friendly Investor-focused 6-unit property located just one block from Ocean Drive Corpus Christi, one of the most desirable rental corridors in Corpus Christi. What sets this property apart is a rare unit mix of all 2 bed / 2 bath units with in-unit washer and dryer connections -a combination that consistently drives stronger rents and tenant retention compared to typical multifamily inventory in the area. The property is currently generating $7, 195/month with a clear path to approximately $7, 800/month, and is positioned to qualify for DSCR financing based on in-place income , making it immediately actionable for investors. Over $125, 000 has been invested into the asset, including a new roof, recent interior and exterior paint, and overall improvements that allow for a true turnkey ownership experience . Several units feature balconies or decks, further increasing tenant appeal in this coastal location. Surrounded by homes valued above $500, 000, the property benefits from both strong rental demand and long-term appreciation fundamentals. This is a clean opportunity for a DSCR investor, 1031 exchange buyer, or VA buyer looking to occupy one unit while offsetting expenses with rental income . A stabilized asset with a tenant-friendly layout that is difficult to replicate at this price point.
Courtesy of: Payton Dodson, TruStar Real Estate, paytondodson@gmail.com
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