254 Rosebud Avenue, Corpus Christi, TX 78404

Property 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.