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Westwood Apartments 9850 La Branch Dr 27 Unit Apartment Building $2,450,340 CAD ($90,753 CAD/Unit) Corpus Christi, TX 78410
Investment Highlights
- Value-add opportunity with upside through lease-up, renovations, and NOI growth at ~75% occupancy
- ±1 acre of additional commercial land for future development or income potential
- 27-unit multifamily asset with a diverse 1-, 2-, and 3-bedroom unit mix
- Located in the growing Calallen / Northwest Corpus Christi submarket
Executive Summary
Located at 9850 La Branch Dr, this 27-unit multifamily investment presents a value-add opportunity in the growing Calallen/Northwest Corpus Christi submarket. The property consists of three buildings with a diversified unit mix of twelve 1-bedroom units, fourteen 2-bedroom units, and one 3-bedroom unit, catering to a broad tenant base. The asset is currently operating at approximately 75% occupancy (as-is), providing immediate upside through lease-up and operational optimization.
In addition to the existing multifamily improvements, the offering includes ±1 acre of undeveloped commercial land, creating optionality for future development, expansion, or alternative income strategies. Income figures reflect the current as-is condition per the provided Excel rent roll, allowing investors to implement their own renovation, repositioning, or management strategy to drive increased cash flow and long-term appreciation.
In addition to the existing multifamily improvements, the offering includes ±1 acre of undeveloped commercial land, creating optionality for future development, expansion, or alternative income strategies. Income figures reflect the current as-is condition per the provided Excel rent roll, allowing investors to implement their own renovation, repositioning, or management strategy to drive increased cash flow and long-term appreciation.
Property Facts
| Price | $2,450,340 CAD | Building Class | B |
| Price Per Unit | $90,753 CAD | Lot Size | 1.30 AC |
| Sale Type | Investment | Building Size | 17,881 SF |
| No. Units | 27 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1960/2023 |
| Property Subtype | Apartment | Parking Ratio | 1.67/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | AB | ||
| Price | $2,450,340 CAD |
| Price Per Unit | $90,753 CAD |
| Sale Type | Investment |
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.30 AC |
| Building Size | 17,881 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2023 |
| Parking Ratio | 1.67/1,000 SF |
| Zoning | AB |
Amenities
Unit Amenities
- Cable Ready
- Dishwasher
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 546 - 575 |
| 2+1 | 14 | - | 653 - 785 |
| 3+1 | 1 | - | - |
Property Taxes
| Parcel Number | 200060394 | Improvements Assessment | $1,427,744 CAD |
| Land Assessment | $223,386 CAD | Total Assessment | $1,651,130 CAD |
Property Taxes
Parcel Number
200060394
Land Assessment
$223,386 CAD
Improvements Assessment
$1,427,744 CAD
Total Assessment
$1,651,130 CAD
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Westwood Apartments | 9850 La Branch Dr
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