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2129 16th St, Corpus Christi, TX, 78404

$395,000

Home List Price

$4,691*

Closing Credit

0 Baths
3,360 SqFt
$118/SqFt
Multi

Location

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2129 16th St, Corpus Christi$395,000

Buyer Closing Credits

$4,691*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingGravel
Year Built1961
HeatingCentral, Electric
CoolingCentral Air
MLS #449089
Lot Size0.22 Acres
StatusActive

About 2129 16th St

This recently renovated 4-plex in the heart of Corpus Christi is a prime investment opportunity. Each unit features generous-sized rooms, washer/dryer hookups, and updated interiors, making it a desirable rental property with a 95% occupancy rate. With a current rent roll of $3,900 and a pro forma of $4,200, this property offers strong cash flow with room for growth. There are additional value-add opportunities, such as an exterior paint upgrade and implementing a RUBS (Ratio Utility Billing System), further boosting your return. Plus, there's potential to convert the back storage space into a 5th unit. This property is perfect for FHA buyers, offering a 3.5% down payment option to live in one unit while renting out the others. For investors, 1031 exchange and DSCR loan options are also available. This property is a part of a larger multifamily portfolio, with other properties available.

Property Details

Property Features

Property Information:

  • Year Built: 1961
  • Stories: 2
  • Living Area: 3,360 SqFt

Listing Office:

  • Office Name: TruStar Real Estate
  • Office Phone: (877) 400-0340
  • Listing Agent: Payton Dodson

Interior Features

Interior Information:

  • Appliances: Electric Oven, Electric Range, Refrigerator
  • Flooring Type: Vinyl
  • Interior: Other

Exterior Features

Parking Information:

  • Parking: Gravel

Virtual/3D Tour

  • Virtual Tour: 2129 16th St
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Lot Features

Lot Information:

  • Lot: Other
  • Lot Size: 0.22 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $395,000
  • Price Per SqFt: $118/SqFt

Tax Information:

  • Annual Amount: $3,510
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Corpus Christi, TX.

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Corpus Christi, TX

City

Med. List Price

$299.9K

Med. Price/SqFt

$183

Avg. Days On Market

114

# of Sold Homes

6

2129 16th St vs Corpus Christi

41 DAYS ON ROCKET

-73 Days

$395,000

+$95K More

$118/SqFt

-$66 Less

KEY TAKEAWAY

This property is $95K more than the Median List Price and $66/SqFt less than other homes in Corpus Christi, TX.

Based on homes listed in November 2024

MLS Details

MLS Information:

  • MLS Name: SouthTexasMLS
  • MLS Number: #449089

Listing Office:

  • Office Name: TruStar Real Estate
  • Office Phone: (877) 400-0340
  • Listing Agent: Payton Dodson

IDX Based on Information provided by South Texas MLS, LLC ©2024. All information provided is deemed reliable but is not guaranteed and should be independently verified. South Texas MLS, LLC provides the MLS and all content therein 'AS IS' and without any warranty, express or implied. The MLS aggregate data is a copyright of Texas Association of REALTORS® (TAR) and that the reader may not reproduce or distribute the MLS aggregate data. IDX information is provided exclusively for consumers’ personal, noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


Texas Real Estate Commission Consumer Protection Notice

Texas Real Estate Commission Information About Brokerage Service

Last updated on: 12/23/2024, 2:16:05 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$3,510$142,357
2020$3,510$134,252
2019$1,953$71,970
2018$1,954$73,904
2017$3,686$60,000

History based on county public records data.

Payment Calculator

$2,039

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,251

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1129523
6
/10

  • Moses Menger Elementary School

  • 2401 S Alameda St

  • 0.27 miles

  • Public District Grades PK-5

school-card-donut-1129524
5
/10

  • Wynn Seale Metropolitan School of Design

  • 1707 Ayers St

  • 0.37 miles

  • Public District Grades KG-6

school-card-donut-1129525
6
/10

  • T. G. Allen Elementary School

  • 1414 18th St

  • 0.86 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $42,337. Typical income of Corpus Christi, TX residents is between $35k-100k annually. Most families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Texas›Nueces County›Corpus Christi›78404›2129 16th St

This home is located at 2129 16th St in Corpus Christi, TX and zip code 78404 in the Bay Area neighborhood. This 3,360 square foot home, which was built in 1961, sits on a 0.22 acre lot. It has been listed on Rocket Homes since November 11, 2024 and is currently priced at $395,000.

The number of homes for sale in Corpus Christi, TX increased by 21.7% between October 2024 and November 2024. In November 2024 median list price was $299,999 and the average listing age was 114 days.

From Rocket Homes Real Estate and based on county public records data.

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