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The Park Apartments 4040 Schanen Blvd 226 Unité Immeuble d’appartements 17 236 625 $ CAD (76 268 $ CAD/Unité) Corpus Christi, TX 78413
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FAITS SAILLANTS DE L'INVESTISSEMENT
- 226-unit value-add multifamily community located in the thriving coastal city of Corpus Christi, Texas
- Situated near major employment hubs, educational institutions, and retail centers
- Rare chance to acquire a well-located, value-add asset in one of South Texas’ most stable and growing rental markets
- Property Website - https://my.rcm1.com/buyer/slp?pv=Ykayfi_EmhiDmyAzyCePLN3n4L59fwyK8HNRd1KGkkM
RÉSUMÉ DE L'ANNONCE
Colliers is pleased to present the opportunity to acquire The Park Apartments, a 226-unit value-add multifamily community located in the thriving coastal city of Corpus Christi, Texas. Currently 86.1% occupied and trending higher according to the seller, the property could generate gross rent collections of more than $2 million annually. The seller is offering a 1% commission to a Buyer’s agent.
The Park Apartments offers investors a rare chance to acquire a well-located, value-add asset in one of South Texas’ most stable and growing rental markets. Situated near major employment hubs, educational institutions, and retail centers, the property is positioned to benefit from the city’s continued economic and population growth. With all units in classic condition, The Park Apartments is well-suited for a strategic interior renovation program that could support rent increases and enhance the property’s standing in the submarket.
Supported by regional fundamentals, including a diverse employment base, steady in-migration, and limited new multifamily supply—The Park Apartments provides an opportunity for investors to pursue value creation through capital improvements, operational efficiencies, and strategic rebranding in the heart of Corpus Christi.
Investment Highlights
Value-Add Potential with Classic Unit Interiors
All units remain in classic condition, creating the opportunity for new ownership to implement upgrades and align rents with renovated comparables in the surrounding submarket.
Occupancy and Rent Collections Trending Up
Current occupancy at The Park is 86.1% and trending higher, and the property could generate gross rent collections of more than $2 million annually.
Strategic Location Near Major Employers and Coastal Demand Drivers
The property is near employment centers including the Port of Corpus Christi, Naval Air Station, and regional refineries, which contribute to consistent rental demand.
1% Buyer’s Agent Commission Offered by Seller
The seller is offering a 1% commission to a Buyer’s agent.
The Park Apartments offers investors a rare chance to acquire a well-located, value-add asset in one of South Texas’ most stable and growing rental markets. Situated near major employment hubs, educational institutions, and retail centers, the property is positioned to benefit from the city’s continued economic and population growth. With all units in classic condition, The Park Apartments is well-suited for a strategic interior renovation program that could support rent increases and enhance the property’s standing in the submarket.
Supported by regional fundamentals, including a diverse employment base, steady in-migration, and limited new multifamily supply—The Park Apartments provides an opportunity for investors to pursue value creation through capital improvements, operational efficiencies, and strategic rebranding in the heart of Corpus Christi.
Investment Highlights
Value-Add Potential with Classic Unit Interiors
All units remain in classic condition, creating the opportunity for new ownership to implement upgrades and align rents with renovated comparables in the surrounding submarket.
Occupancy and Rent Collections Trending Up
Current occupancy at The Park is 86.1% and trending higher, and the property could generate gross rent collections of more than $2 million annually.
Strategic Location Near Major Employers and Coastal Demand Drivers
The property is near employment centers including the Port of Corpus Christi, Naval Air Station, and regional refineries, which contribute to consistent rental demand.
1% Buyer’s Agent Commission Offered by Seller
The seller is offering a 1% commission to a Buyer’s agent.
SALLE DE DONNÉES Cliquez ici pour accéder à
- Offering Memorandum
FAITS SUR LA PROPRIÉTÉ
| Prix | 17 236 625 $ CAD | Classe d’immeuble | C |
| Prix par unité | 76 268 $ CAD | Taille du lot | 10,57 AC |
| Type de vente | Investissement | Taille du bâtiment | 188 926 pi² |
| Nombre d’unités | 226 | Occupation moyenne | 83% |
| Type de propriété | Immeuble residentiel | Nombre d’étages | 2 |
| Sous-type de propriété | Appartement | Année de construction | 1967 |
| Style d’appartement | Jardin | ||
| Zonage | B-1 | ||
| Prix | 17 236 625 $ CAD |
| Prix par unité | 76 268 $ CAD |
| Type de vente | Investissement |
| Nombre d’unités | 226 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | Jardin |
| Classe d’immeuble | C |
| Taille du lot | 10,57 AC |
| Taille du bâtiment | 188 926 pi² |
| Occupation moyenne | 83% |
| Nombre d’étages | 2 |
| Année de construction | 1967 |
| Zonage | B-1 |
COMMODITÉS
COMMODITÉS DES UNITÉS
- Climatisation
- Prêt pour le câble
- Lave-vaisselle
- Traitement des déchets
- Ventilateurs de plafond
- Cuisine
- Réfrigérateur
- Four
- Fourchette
- Bain/Douche
- Tapis
- Congélateur
- Accessible aux fauteuils roulants (chambres)
COMMODITÉS DU SITE
- Accès 24 heures
- Cour
- Installations de lessive
- Espace de pique-nique
- Terrain de jeu
- Piscine
- Gestionnaire d'immeuble sur place
- Grill
- Espace de jeu pour animaux de compagnie
- Services en ligne
- Solarium
- Sans ascenseur
- Détecteur de fumée
UNITÉ RENSEIGNEMENTS SUR LE MÉLANGE
| DESCRIPTION | NOMBRE D’UNITÉS | LOYER MOYEN/MOIS | pi² |
|---|---|---|---|
| 1+1 | 56 | - | 661 |
| 2+2 | 160 | - | 884 |
| 3+2 | 10 | - | 1 047 |
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The Park Apartments | 4040 Schanen Blvd
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