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$174,900

1335 6th St, Corpus Christi, TX, 78404

On MarketInfo
Beds3 Beds
Baths4 Bath
Baths1,114 Sq Ft
QuadruplexQuadruplex
price_per_sqft$157 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 4Bathrooms Half 4
Garage AvailableGarage Available

Exterior

Lot Size6,621 sqft

Building Information

Year Built1965
Roof Type105

Land Information

APN5983-0005-0090
Lot Number9
SubdivisionOcean View
Land UseResidential
Legal DescriptionOCEAN VIEW LT 9 BK 5 V
Census Tract001202
Assessed Land Value$9,923
Assessed Improvement Value$134,624
Assessment Year2025

About this property

INVESTMENT PROPERTY WITH INCOME ALREADY IN PLACE! The property consists of three 1-bedroom apartments and one efficiency, with all four units currently leased at $750 per month, providing $3,000 in gross monthly rental income. A newer roof is another added benefit. Conveniently located just blocks from Ocean Drive, CHRISTUS Spohn Hospital Shoreline and Cole Park, this multi-unit property offers a great opportunity for an investor looking for immediate rental income and future potential. Per the seller, approximately 1,333 sq. ft. of converted garage living space is not reflected in the appraisal district square footage. This area includes one of the 1-bedroom apartments and the efficiency. The property is being sold AS-IS and could benefit from some TLC and updating, making it a great value-add opportunity while continuing to generate rental income. Convenient to the bayfront, downtown, hospitals, parks, dining and more. (Some pictures have been edited using AI- and virtually staged to help you envision the space)

Investor Tools

$121,756Estimated Mortgage Balance
$23,534Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,049 /month
Positive
Cash Flow Estimate:
$350 /month

Interested in this property?

Jeffrey Untersee

Keller Williams Coastal Bend

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$356/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,549
$144,547
2025
$9,923
$134,624
$144,547
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,549
$144,547

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First Community Bank Lexington
Purchase Money Mortgage
$123,750
No
First
May 16, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$121,756
$40,244
24%
84%
$742/mo

City: Corpus Christi

1335 6th St | Property Details | No Agent List