Multifamily Property in Growing
7252 Mansions Dr Corpus Christi, TX 78414
7252 Mansions Dr, Corpus Christi, TX, 78414
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For Sale
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8,438 SF building with five units in prime location.
Property Size8,438 SF
Price / SF$100.73
Days on Market838
Property Features for 7252 Mansions Dr
General Information
- Standard status
- Active
- Size
- 8,438 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2007
Listing Agency
Cravey Real Estate Services Inc
(361) 289-5168
Listed by
David Heitzman · License #TX 806588
Source
Crexi
Added: Apr 3, 2024 Checked: Jul 19 at 3:02 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 Cravey Real Estate Services Inc
Investment Insights
Based on property information with market context.
Located off Rodd Field Road, the property at 7252 Mansions Drive features an 8,438 square foot building constructed in 2007. It contains five units, each with two bedrooms and two bathrooms. Each unit has a 1200 square foot layout, with 880 square feet on the main floor and an additional 320 square feet on the second level. Four of the five units are currently occupied. The property is zoned RT and is located in one of Corpus Christi's fastest-growing areas. It is suitable for multifamily or single-family rental investors. The HOA handles exterior maintenance, water, trash, and common grounds upkeep.
Key Highlights
- Prime location off Rodd Field Road in a rapidly growing Corpus Christi area with RT zoning.
- Substantial 8,438 SF building featuring five well‑maintained, contemporary 2‑bedroom, 2‑bathroom units.
- Ideal for Multifamily / Single Family Rental investors seeking portfolio expansion.
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 | $94.2k | $11.16 |
| − Vacancy | −$11.9k | −$1.41 |
| EGI | $82.3k | $9.75 |
| − OpEx | −$37.0k | −$4.39 |
| NOI | $45.3k | $5.36 |
8,438 SF · lease $11.16/SF/yr · vacancy 12.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$646.7K
$565.8K – $754.5K
NOI $45,267 @ 7.0% cap · market cap 5.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.29M
$2.00M – $2.67M
NOI $160,390 @ 7.0% cap · market cap 18.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - 8,438 SF building with five units in prime location.
Where is this apartment building located?
The property is located at 7252 Mansions Dr Corpus Christi, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Prime location off Rodd Field Road in a rapidly growing Corpus Christi area with RT zoning.; Substantial 8,438 SF building featuring **five well‑maintained, contemporary 2‑bedroom, 2‑bathroom units.**; Ideal for Multifamily / Single Family Rental investors seeking portfolio expansion.
