3031 McArdle Rd | Corpus Christi, TX 78415
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- LoopNet Team
3031 McArdle Rd
Corpus Christi, TX 78415
Multifamily Property For Sale
·
67 Units
INVESTMENT HIGHLIGHTS
- 3031 McArdle Road is a multifamily building converted in 2017 comprising 67 fully furnished studio units with consistently high occupancy rates.
- Turnkey operation with low expenses of around $8,000 per month and the seller will provide training during the transition of operators.
- Situated in a strong rental tenant pool with nearly 200,000 residents within a 5-mile radius and about half of all households in that area are rented.
- Value-add opportunities abound, and typical rents at $600 per month leave ample runway to reach the Corpus Christi average of $1,150 per month.
- Close proximity to desirable amenities, under 10 min from H-E-B, La Palmera Mall, Walmart Supercenter, AMC, Target, 50+ restaurants, and much more.
- Corpus Christi is a powerful multifamily market with rents near all-time highs, and 2024 saw the strongest upswing in demand since 2006.
PROPERTY FACTS
| No. Units | 67 | Building Size | 33,840 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1974/2017 |
| Building Class | C | Parking Ratio | 1.46/1,000 SF |
| Lot Size | 1.79 AC | Corridor | Exterior |
| Zoning | ON | ||
| No. Units | 67 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.79 AC |
| Building Size | 33,840 SF |
| Average Occupancy | 90% |
| No. Stories | 1 |
| Year Built/Renovated | 1974/2017 |
| Parking Ratio | 1.46/1,000 SF |
| Corridor | Exterior |
| Zoning | ON |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Storage Space
- Heating
- Kitchen
- Refrigerator
- Oven
- Sprinkler System
- Range
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Security System
- Tenant Controlled HVAC
- Furnished Units Available
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 67 | - | - |
PROPERTY TAXES
| Parcel Number | 259350 | Improvements Assessment | $733,218 |
| Land Assessment | $222,744 | Total Assessment | $955,962 |
PROPERTY TAXES
Parcel Number
259350
Land Assessment
$222,744
Improvements Assessment
$733,218
Total Assessment
$955,962
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