Serene Shores | 2026 Waldron Rd
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Serene Shores 2026 Waldron Rd
20 Unit Apartment Building For Sale Corpus Christi, TX 78418
Investment Highlights
- Below Market Rents: Serene Shores offers rents well below competitors, with potential to raise rents to market rates upon lease expirations.
- Capital Improvements: Current ownership has upgraded most unit interiors with new flooring, paint, resurfaced countertops, and lighting fixtures.
- Loan Assumption Opportunity: Existing loan can be assumed at 5.07% rate, w/ 5+ years remaining, offering flexibility for improvements & refi
- Attractive Basis: The property is offered at a competitive price with potential for NOI growth.
- New owners can further enhance the exterior for higher rent potential.
Executive Summary
Serene Shores Apartments is a recently renovated, 20-unit multifamily community located in the Flour Bluff submarket of Corpus Christi, TX in Nueces County. The garden-style property was built in 1973 and is comprised of 2, two-story masonry buildings with flat roofs and is situated on a total area of 0.83 acres. Serene Shores offers spacious one-bedroom / one-bathroom floor plans measuring approximately 600 square feet each. Each unit has been fully renovated and features central air conditioning and heat, contemporary fixtures, luxury vinyl plank flooring, and carpeting. Exterior capital improvements include exterior paint and new wooden stair and balcony rails. Laundry facilities and ample off-street parking are provided.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Sale Type | Investment | Building Class | B |
| No. Units | 20 | Lot Size | 0.83 AC |
| Property Type | Multifamily | Building Size | 12,240 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low Rise | Year Built | 1973 |
| Sale Type | Investment |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.83 AC |
| Building Size | 12,240 SF |
| No. Stories | 2 |
| Year Built | 1973 |
Unit Amenities
- Balcony
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Range
- Carpet
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 20 | - | 578 |
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zoning
| Zoning Code | A-1A |
| A-1A |
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Serene Shores | 2026 Waldron Rd
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