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About This Home
This 0-bedroom, 0-bathroom residential multi family at 1802 Morgan Avenue in Corpus Christi, TX is listed for $525,000 ($162 per sqft). Built in 2017, the home offers 3,232 sqft of living space on a 0.17 acres lot.
Excellent value-add opportunity in a CG-2 (General Commercial) zoning district. This income-producing property is currently configured with five residential units plus a downstairs commercial/storage space, all fully leased and generating $3,800 per month in stable income.
The CG-2 zoning allows for a wide range of commercial uses, offering strong upside potential through repositioning the residential units to commercial tenants and increasing rents over time. Investors can enjoy immediate cash flow while exploring redevelopment or re-tenanting strategies to maximize returns. Well-suited for a first-time investor or a buyer looking to add a flexible, mixed-use asset to their portfolio with both income stability and long-term growth potential.
Key Features
- Built in 2017
- 0.17 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$2,808/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1802 Morgan Avenue
Corpus Christi, TX 78404
Bay View #3
Property Details
Flooring
Cooling
Appliances
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 1802 Morgan Avenue is listed at $525,000 ($162/sqft). The estimated monthly payment is $2,275 based on 20% down at 6.5% interest.
Key features include: Built in 2017, 0.17 acre lot, 2 stories.
This property is listed by James Magill and can be reached at 3614251112 or jmagill@dhrp.us.