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254 Rosebud Avenue

Corpus Christi, TX 78404
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Just listedJust listed
4,696 Sqft
0.24 Lot Acres
Multi-Family

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Description

Seller Financing Available. A cash-flowing fourplex, one block off Ocean Drive, priced to clear the 1% rule on real rent - and open to flexible terms. Whether you''re moving in, adding a stabilized asset to your portfolio, or racing a 1031 clock, this is a rare combination of location, income, and deal structure that doesn''t come around often in this neighborhood. Fourplex - all 2-bed / 1-bath units, 4,696 SF total on a 10,498 SF lot. Current income mix: 1 long-term tenant, 3 units operated as MTR/STR Rent collected: ~$4,438/mo - clears the 1% rule at list price (~1.2% rent-to-price ratio) Owner-occupants (FHA): Move into one unit and let the other three carry your mortgage. FHA financing opens the door with as little as 3.5% down, and the existing rent roll already supports strong debt coverage. Rarely does a property this well-located pencil this easily for a first-time buyer. Value-add investors: A stabilized asset that already cash flows, with upside still on the table - light unit turns, further STR/MTR optimization, and RUBS not yet implemented. You''re not betting on a turnaround; you''re buying performance and layering on growth. 1031 exchange buyers: Clean, income-producing, and easy to underwrite fast - built for buyers working against exchange deadlines who need certainty, not a project. Deal Terms - Built for Buyers - Seller financing available - flexible down payment and interest-only terms, ask for details. All-cash offers reviewed and prioritized. Open to FHA, DSCR, conventional, and 1031 exchange buyers. One block from Ocean Drive, in the established Del Mar / Bessar Park neighborhood. Walking distance to Del Mar College; minutes from downtown and the Spohn Shoreline hospital district. Zoned to Menger Elementary, Baker Middle (rated "A"), and Ray High School. Real cash flow, flexible terms, and a location that holds tenant demand year-round - this is a property built to close.

MLS#
CCARTX-479382
List Price
$369,900 ($79/Sqft.)
Listing Status
For Sale
Address
254 Rosebud Avenue
City
Corpus Christi
State
TX
Zip Code
78404
County
Nueces County
Subdivision
Bessar Park
Legal Description
BESSAR PARK BLK 4 LOT 15
Property Type
Multi-Family
Stories
2
Building Size
4,696 Sqft/Appraisal District
Year Built
1942 /Appraisal District
Lot Size
0.24 Lot Acres/Appraisal District

Exterior

Roof
Shingle
Parking
Carport, Off Street
Dock
Yes

Interior

Floors
Hardwood, Tile
Cooling
Window Unit(s)
Heating
Natural Gas, Central

Lot Information

Lot Size
0.24 Lot Acres /Appraisal District
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Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy
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Information source

Corpus Christi Association of REALTORS®
Source last updated Jul 16, 2026 at 02:32 AM
Listing last updated Jul 14, 2026 at 04:40 AM
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Cost/Sqft based on tax value

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Estimated Monthly Payments

DOWN PAYMENT
Loan Term
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Full Page
Presented by TimeValue Software ©2021
Principal & InterestTaxes30.4%69.6%
Listing TaxNumbers
Principal & Interest2,841
Taxes1,242
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Assigned schools

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Notice & Disclaimer
School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.

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