3405 Ocean DriveCorpus Christi, TX 78411

Description

RARE TURNKEY 10-UNIT INVESTMENT ON PRESTIGIOUS OCEAN DRIVE 3405 & 3409 Ocean Drive | Corpus Christi, Texas A rare opportunity to acquire a fully furnished, turnkey 10-unit income-producing property directly on Ocean Drive, one of Corpus Christi's premier waterfront corridors. Surrounded by high-value residential real estate and positioned along the beautiful Corpus Christi Bayfront, this property offers 10 furnished rental units in a premier Ocean Drive location at just $129,000 per unit. The property consists of eight 2-bedroom/1-bath residences and two 1-bedroom/1-bath residences, with the added convenience of an in-unit washer and dryer in every unit. All 10 residences are offered fully furnished and turnkey, allowing a new owner to continue the property's established furnished rental model without the cost, time and effort of furnishing 10 individual units. STRONG EXISTING RENTAL INCOME Current average monthly rents: 8 × 2BR/1BA: approximately $1,500/month each 2 × 1BR/1BA: approximately $1,350/month each Approximately $14,700 average monthly rent roll Approximately $176,400 annualized rent roll The property's furnished configuration gives an investor exceptional flexibility. Continue operating the residences as short-term rentals (STR/Airbnb), 30+ day mid-term rentals (MTR), traveling-professional or workforce housing, or combine rental strategies to maximize occupancy and revenue, subject to applicable regulations. LOCATION, LOCATION, LOCATION Ocean Drive is one of Corpus Christi's defining addresses, known for its waterfront setting, beautiful homes and access to Corpus Christi Bay. The property offers convenient access to downtown Corpus Christi, major hospitals and medical centers, universities, employment centers, restaurants, recreation and the waterfront, appealing to traveling professionals, contract workers, relocating tenants and extended-stay guests.

Property Information

Property type

Residential Income

Sub-type

Quadruplex

Style

ContemporaryModern

Year built

1970

Living area

5,532 Sq Ft

Lot size

0.31 acres

Days on market

25

MLS^® Listing#

627385

Property Features

Appliances

Dishwasher · Electric Cooktop · Electric Water Heater · Disposal · Microwave

Cooling

Central Air

Heating

Central

Flooring

Tile

Fireplace

None

Pool

None

Laundry

Electric Dryer Hookup · Gas Dryer Hookup

Fencing

None

Lot features

City Lot · Other · See Remarks · Waterfront

Construction

Brick

Foundation

Concrete Perimeter

Roof

Other · See Remarks

Utilities

Cable Available

Sewer

Public Sewer

Water source

Public

Financial Details

HOA

None

Annual taxes

$25,000Tax year 2025

Parcel number

276355

Directions

From S. Padre Island Dr (TX-358), take S. Staples St north toward downtown. Turn right onto Ocean Dr and continue to 3405 Ocean Dr, Corpus Christi, TX 78411.