47-Unit Value-Add Apartment
For Sale
Contact for pricing
Pending
3762 Up River Rd, Corpus Christi, TX 78408
Value-add multifamily with 100% HVAC, rebuilt building, upgraded units, replaced roofs, and substantial covered parking.
Days on Market111
Property Features for 3762 Up River Rd
General Information
Standard status
Pending
Property subtype
Multifamily
Additional Details
Multifamily Units
47
Amenities
laundry facility
covered parking
Building Details
Tenancy
Multi
Listing Agency:
Waller Group Homes
(214) 818-4109
Listed By:
Logan Waller · License #TX 0479147
Source:
Crexi
Added: Apr 11
Changed: Jul 23
Last Checked: Jul 29 at 11:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Waller Group Homes
Investment Insights
Based on property information with market context.
Woodlawn Apartments is a 47-unit multifamily property presented as a value-add opportunity. Current ownership has completed significant capex, including completely rebuilding one building down to the studs, upgrading 6 units with premium-level finishes, and installing 25 new HVAC units, with the remaining 22 installed over the last 10 years. Roofs were replaced during 2016–2017, and the property is reported to have 100% HVAC.
Interior and amenity improvements include an on-site laundry facility with digital/currency payment options and an existing contract in place with CSC, and approximately 85% covered parking. As described by current ownership, 16 of 47 units are on a LURA expiring in 2032.
The current renovation program supports additional rent growth based on area rent comparables, with vinyl plank flooring, black appliances, and stone/quartz countertops already implemented on some units. Ownership states current annual NOI is $280,692, with potential to raise rents up to $197 per unit for an estimated annual NOI of $349,181. The property is currently managed by Arise Equity Management.
Interior and amenity improvements include an on-site laundry facility with digital/currency payment options and an existing contract in place with CSC, and approximately 85% covered parking. As described by current ownership, 16 of 47 units are on a LURA expiring in 2032.
The current renovation program supports additional rent growth based on area rent comparables, with vinyl plank flooring, black appliances, and stone/quartz countertops already implemented on some units. Ownership states current annual NOI is $280,692, with potential to raise rents up to $197 per unit for an estimated annual NOI of $349,181. The property is currently managed by Arise Equity Management.
Key Highlights
- 47‑unit value‑add multifamily property in Central City, Corpus Christi, TX
- Capex completed: 1 building completely rebuilt to studs; 6 units upgraded with premium‑level finishes
- 100% HVAC with 25 new HVAC units installed and 22 additional units installed over the last 10 years
Property Analytics
Current Use
Lease Details
47
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
440
Businesses Nearby
Explore this area
Business Placement
Demographics for 78408, TX
11,023
Population
4,543
Households
2.4
Avg Household Size
37
Median Age
8%
College-Educated
69%
High-School Grad
5.9 sq mi
ZIP Area
1,868
Density / Sq Mi
$43,096
Median Household Income
$30,621
Median Earnings
$979
Median Rent
$82,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Value-add multifamily with 100% HVAC, rebuilt building, upgraded units, replaced roofs, and substantial covered parking.
Where is this apartment building located?
The property is located at 3762 Up River Rd Corpus Christi, TX.
What are key features of this property?
This property features: 47‑unit value‑add multifamily property in Central City, Corpus Christi, TX; Capex completed: 1 building completely rebuilt to studs; 6 units upgraded with premium‑level finishes; 100% HVAC with 25 new HVAC units installed and 22 additional units installed over the last 10 years
