254 Rosebud Avenue, Corpus Christi, TX 78404
Local realty services provided by:Better Homes and Gardens Real Estate Saenz & Associates
Listed by: payton dodson
Office: trustar real estate
MLS#:479382
Source:South Texas MLS
Price summary
- Price:$369,900
- Price per sq. ft.:$78.77
About this home
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....
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Home facts
- Year built:1942
- Listing ID #:479382
- Added:10 day(s) ago
- Updated:July 24, 2026 at 05:35 PM
Rooms and interior
- Flooring:Hardwood, Tile
- Living area:4,696 sq. ft.
Heating and cooling
- Cooling:Window Units
- Heating:Central, Gas, Window Unit
Structure and exterior
- Roof:Shingle
- Year built:1942
- Building area:4,696 sq. ft.
- Lot area:0.24 Acres
- Lot Features:Corner Lot
- Foundation Description:Pillar/Post/Pier, Slab
- Levels:2 Story
Schools
- High school:Ray
- Middle school:Baker
- Elementary school:Menger
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer, Sewer Available
Finances and disclosures
- Price:$369,900
- Price per sq. ft.:$78.77
- Tax amount:$12,103
Features and amenities
- Laundry features:Dryer Hookup, Washer Hookup
Parking
- Parking description:Carport, Rear Side Off Street
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