2026 Waldron Rd Corpus Christi, TX 78418
- Commercial real estate
- 12,440 SF
Current Use by Public Records
- Serene Shores Apartments / Apartment Building
Property Details for 2026 Waldron Rd
- Year built
- 1973
- Property size
- 12,440 SF
- Property type
- Commercial real estate
Description
Serene Shores Apartments, a 20-unit multifamily property in Corpus Christi, Texas, presents a compelling investment opportunity. This garden-style community, situated on 0.83 acres in the Flour Bluff submarket of Nueces County, comprises two two-story masonry buildings with flat roofs, constructed in 1973. The property boasts recently completed renovations, including updated interiors in all 20 units. Each unit offers approximately 600 square feet of living space, featuring one bedroom and one bathroom, central air conditioning and heat, contemporary fixtures, luxury vinyl plank flooring, and carpeting. Exterior improvements include fresh exterior paint and new wooden stair and balcony rails. Residents enjoy on-site laundry facilities and ample off-street parking. Currently, rents are below market rates, presenting a significant opportunity for increased NOI through rent adjustments upon lease expirations. The property is offered at a competitive price, further enhancing its investment appeal. An existing loan with a 5.07% interest rate and over five years remaining is assumable, providing flexibility for future improvements and refinancing. This property offers a blend of immediate income and significant upside potential for the discerning investor. The total square footage is 12,440, located at 2026 Waldron Rd, Corpus Christi, TX 78418.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Corpus Christi
- County
- Nueces
- State
- Texas
- Longitude
- -97.292138
- Latitude
- 27.6537095
