642 Robinson St Corpus Christi, TX 78404

This renovated fourplex is fully occupied and features significant upgrades completed since 2023. The property includes one unfurnished unit for long-term leases and three fully furnished units with all bills paid, designed for mid-term leases of approximately one to six months. The furnishings and decor in the three furnished units are included. Renovations encompass foundation work with new subfloors, mini-split air conditioning systems in all units, vinyl plank flooring, and updated interior and exterior paint. New appliances, furniture, and decor have also been installed. Each of the four units features a two-bedroom, one-bathroom layout, with two units located downstairs and two upstairs. A central interior stairway provides access to the upper units. Each unit also has a back door leading to a shared common area with a laundry closet. A washer and dryer are provided for all tenants. Three units have gas stoves, while one has an electric stove. Water and gas are on master meters and are landlord expenses. Electric meters are individual for each unit, allowing for separate billing. The property size is 3072 square feet. The property's high CAP rate is supported by good rents and minimal expenses, with potential for further increase if the fourth unit is converted to fully furnished.