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$188,000

1245 Florida Ave, Corpus Christi, TX, 78404

$229,865 ARVInfo
Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,529 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$147.16 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available

Exterior

Lot Size8,756 sqft

Building Information

Year Built1955
Roof Type105
Garage Spaces407

Land Information

APN0232-0011-0170
Lot Number17
SubdivisionArcadia
Land UseResidential
Legal DescriptionARCADIA LT 17 BK 11
Census Tract002001
Assessed Land Value$17,550
Assessed Improvement Value$157,211
Assessment Year2025

About this property

Charming Home with Separate Back Apartment – Perfect for Multi-Generational Living or Rental Income! This unique property offers two homes in one, featuring a 2-bedroom, 1-bathroom main house and a separate 2-bedroom, 1-bathroom back apartment with its own full kitchen. The main house features beautiful wood floors, great old charm details, and a spacious layout. It includes a large living area, a good-sized dining room, a fridge, a gas stove, and a dishwasher for added convenience. The back apartment provides a private and comfortable living space with two bedrooms, a gas water heater, a split A/C system, and a gas stove. Perfect for rental income, this additional unit offers flexibility and value. It also includes a 6 X 8 shed. OWNER FINANCING AVAILABLE: 15% down payment, 10% interest.

Investor Tools

Property Icon
$188,000
Estimated Property Value
$154,400Estimated Mortgage Balance
$35,400Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$229,864
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,350 /month
Positive
Cash Flow Estimate:
$450 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$368/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,473
$174,761
2025
$17,550
$157,211
$174,761
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,473
$174,761

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
A&D Mortgage Llc
Conventional
$154,400
No
First
Aug 29, 2025
Sep 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$152,600
$35,400
18%
81%
$926/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Corpus Christi

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1245 Florida Ave | Property Details | No Agent List