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240 Indiana Avenue

Corpus Christi, TX 78404
  • $769,000
  • STATUS: Active
  • ON SITE: 26 Days
  • MLS #: 474975
$769,000
  • 0
    BEDS
  • 0.32
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,000
    SQFT
  • $128
    $/SQFT
Type:
Multi-Family
Built:
1973
County:

School Information

Elementary School:
Middle School:
High School:
Ray
School District:

Description

6-Unit Multifamily | All 2/2 Layouts | In-Unit W/D | DSCR-Friendly Investor-focused 6-unit property located just one block from Ocean Drive Corpus Christi, one of the most desirable rental corridors in Corpus Christi. What sets this property apart is a rare unit mix of all 2 bed / 2 bath units with in-unit washer and dryer connections —a combination that consistently drives stronger rents and tenant retention compared to typical multifamily inventory in the area. The property is currently generating $7,195/month with a clear path to approximately $7,800/month, and is positioned to qualify for DSCR financing based on in-place income , making it immediately actionable for investors. Over $125,000 has been invested into the asset, including a new roof, recent interior and exterior paint, and overall improvements that allow for a true turnkey ownership experience . Several units feature balconies or decks, further increasing tenant appeal in this coastal location. Surrounded by homes valued above $500,000, the property benefits from both strong rental demand and long-term appreciation fundamentals. This is a clean opportunity for a DSCR investor, 1031 exchange buyer, or VA buyer looking to occupy one unit while offsetting expenses with rental income . A stabilized asset with a tenant-friendly layout that is difficult to replicate at this price point.

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© 2026 Coastal Bend Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or KM Premier. Data last updated: 2026-05-12T23:52:43.77.
www.kmrealestate.com/homes/175287449
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240 Indiana Avenue Corpus Christi, TX 78404

  • Price: $769,000
  • Status: Active
  • On Site: 26 Days
  • MLS #: 474975
0
Beds
0
Baths
0
½ Baths
0.32
Acres
6,000
SQFT
$128
$/SQFT
1973
Built
Neighborhood:
Beau Jardin Condo / Bessarpark
County:
Nueces
Area:
Corpus Christi
Elementary School:
Menger
Middle School:
Baker
High School:
Ray
School District:
Corpus Christi Isd
Property Description
6-Unit Multifamily | All 2/2 Layouts | In-Unit W/D | DSCR-Friendly Investor-focused 6-unit property located just one block from Ocean Drive Corpus Christi, one of the most desirable rental corridors in Corpus Christi. What sets this property apart is a rare unit mix of all 2 bed / 2 bath units with in-unit washer and dryer connections —a combination that consistently drives stronger rents and tenant retention compared to typical multifamily inventory in the area. The property is currently generating $7,195/month with a clear path to approximately $7,800/month, and is positioned to qualify for DSCR financing based on in-place income , making it immediately actionable for investors. Over $125,000 has been invested into the asset, including a new roof, recent interior and exterior paint, and overall improvements that allow for a true turnkey ownership experience . Several units feature balconies or decks, further increasing tenant appeal in this coastal location. Surrounded by homes valued above $500,000, the property benefits from both strong rental demand and long-term appreciation fundamentals. This is a clean opportunity for a DSCR investor, 1031 exchange buyer, or VA buyer looking to occupy one unit while offsetting expenses with rental income . A stabilized asset with a tenant-friendly layout that is difficult to replicate at this price point.
Exterior Features

Levels Two Parking Features Rear / Side / Off Street Roof Flat Shingle Waterfront YN No

Interior Features

Appliances Dishwasher Electric Oven Electric Range Refrigerator Cooling Central Air Cooling YN Yes Flooring Laminate Heating Central Electric Heating YN Yes Interior Features Other Laundry Features Washer Hookup Dryer Hookup

Property Features

Additional Parcels YN Yes Association Fee 0 Association YN No Building Area Total 6000 Foundation Details Slab Listing Terms Cash Conventional Other Private Financing Available Trade Lot Features Other Number Of Units In Community 6 Property Sub Type Apartment Sewer Public Sewer Stories 2 Tax Annual Amount 2397 Tax Legal Description BEAU JARDIN CONDO UNITs 1 -6; Tax IDs 192412192413192414192415192416192417 Tax Lot Pt 14 & Pt 15 Utilities Sewer Available Water Available Water Source Public

Listing provided courtesy of Payton Dodson of TruStar Real Estate. © 2026 Coastal Bend Multiple Listing Service.


© 2026 Coastal Bend Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or KM Premier. Data last updated: 2026-05-12T23:52:43.77.
 
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7002 S.Staples Ste 104
Corpus Christi TX, 78413