Multifamily Portfolio in Corpus
3618 Crestbrook Ct Corpus Christi, TX 78415
3618 Crestbrook Ct, Corpus Christi, TX, 78415
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For Sale
Contact for pricing
Three well-maintained, fully leased homes in a developing Corpus Christi area.
Property Size11,681 SF
Price / SF$103.42
Days on Market1010
Property Features for 3618 Crestbrook Ct
General Information
- Standard status
- Active
- Size
- 11,681 SF
- Property subtype
- Multifamily
Listing Agency
DH Realty Partners
(361) 929-5003
Listed by
James Magill · License #TX 675040
Source
Crexi
Added: Oct 12, 2023 Checked: Jul 6 at 8:28 am
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 DH Realty Partners
Investment Insights
Based on property information with market context.
This multi-family portfolio for sale includes three well-maintained and occupied homes located next door to each other on a cul-de-sac. The properties comprise a total of 14 units and approximately 11,681 square feet. The properties vary in size from 3,772 to 4,006 square feet. The collective monthly gross income is $13,380, with 100% of the units currently leased. Most units have private washer and dryer connections, and all units have central HVAC installed. The properties are strategically located in a rapidly developing area of Corpus Christi, just minutes from The Cabaniss Naval Airfield and Carroll High School. The properties are preferred to be sold as a package.
Key Highlights
- Multi‑family portfolio featuring three adjacent, well‑maintained homes.
- 100% leased, generating $13,380 monthly gross income.
- 14 units total across approximately 11,681 Sq Ft.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $199.0k | $17.04 |
| − Vacancy | −$25.1k | −$2.15 |
| EGI | $174.0k | $14.89 |
| − OpEx | −$78.3k | −$6.70 |
| NOI | $95.7k | $8.19 |
11,681 SF · lease $17.04/SF/yr · vacancy 12.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.37M
$1.20M – $1.59M
NOI $95,681 @ 7.0% cap · market cap 7.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.78M
$2.43M – $3.24M
NOI $194,559 @ 7.0% cap · market cap 16.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Perez Properties
Apartment Building
Beauty Essentials
Clothing & Fashion Store
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FAQs
What type of property is this?
Multifamily property - Three well-maintained, fully leased homes in a developing Corpus Christi area.
Where is this multifamily property located?
The property is located at 3618 Crestbrook Ct Corpus Christi, TX.
What is the asking price?
The asking price for this property is $1,208,000.
What are key features of this property?
This property features: Multi‑family portfolio featuring three adjacent, well‑maintained homes.; 100% leased, generating $13,380 monthly gross income.; 14 units total across approximately 11,681 Sq Ft.
