3405 Ocean Drive
Property Description
RARE TURNKEY 10-UNIT INVESTMENT ON PRESTIGIOUS OCEAN DRIVE 3405 & 3409 Ocean Drive | Corpus Christi, Texas A rare opportunity to acquire a fully furnished, turnkey 10-unit income-producing property directly on Ocean Drive, one of Corpus Christi's premier waterfront corridors. Surrounded by high-value residential real estate and positioned along the beautiful Corpus Christi Bayfront, this property offers 10 furnished rental units in a premier Ocean Drive location at just $135,000 per unit. The property consists of eight 2-bedroom/1-bath residences and two 1-bedroom/1-bath residences, each with an in-unit washer and dryer. All 10 residences are offered fully furnished and turnkey, allowing a new owner to continue the property's established furnished rental model without the cost, time and effort of furnishing 10 individual units. STRONG EXISTING RENTAL INCOME Current average monthly rents: 8 * 2BR/1BA: approximately $1,500/month each 2 * 1BR/1BA: approximately $1,350/month each Approximately $14,700 average monthly rent roll Approximately $176,400 annualized rent roll The property's furnished configuration gives an investor exceptional flexibility. Continue operating the residences as short-term rentals (STR/Airbnb), 30+ day mid-term rentals (MTR), traveling-professional or workforce housing, or combine rental strategies to maximize occupancy and revenue, subject to applicable regulations. LOCATION, LOCATION, LOCATION Ocean Drive is one of Corpus Christi's defining addresses, known for its waterfront setting, beautiful homes and access to Corpus Christi Bay. The property offers convenient access to downtown Corpus Christi, major hospitals and medical centers, universities, employment centers, restaurants, recreation and the waterfront, appealing to traveling professionals, contract workers, relocating tenants and extended-stay guests.
Broker Details
Listed Simply 800-995-5879
MLS ID: W0855518 State License Number: 0855518
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,350,000 |
| No. of Units: | 10 |
| Year Built: | 1970 |
| Lot Size: | 5,532.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $135,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 18 |
| Number of Bathrooms: | 0 |
ID: 3yd-SMABOR-627385
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