Fully occupied 6 unit 1 bedroom apartments in 3 buildings. Recently updated with long term tenants. Generating $750 at one unit, $700 at one unit and $650 at four units. There is opportunity to increase monthly rents to $750/month. The tenants supply their own window units and refrigerators while the landlord owns and supplies the stoves for each unit, the stoves will convey. The landlord pays for water, trash, gas and yard maintanance and the tenants pay for their own electric. Each unit has its own electric and gas meter. While the landlord pays for the gas for the units, this can be separated and the tenants can pay for their own gas and trash services. The water is on one meter for all units. Recent updates include new windows, new flooring in all units, paint, kitchen updates, fixtures, 30 year composite shingle roof replaced on two buildings in 2014.
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The average household income in
Corpus Christi, TX
grew
from
$53,605
to
$56,602
in the past year. This data is an estimate based upon
116,456
households in
Corpus Christi, TX. The chart below presents how household income is distributed in
Corpus Christi, TX
in comparison to the revenue allocation amid households nationally.
Property Taxes
Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows
distribution of property taxes in
Corpus Christi, TX
compared to median property taxes around the country. The prevalent amount of property taxes in
Corpus Christi, TX
equals
$3k+
, which is
less
than the national average.