419 Gulfspray Avenue, Corpus Christi, TX 78402 - Nueces County

11%+ CAP RATE! FURNISHED TRIPLEX ON NORTH BEACH - INVESTOR OPPORTUNITY Exceptional investment opportunity just two blocks from the beach on North Beach in Corpus Christi. This furnished triplex offers strong income potential and a prime location near top attractions, including the Texas State Aquarium, USS Lexington, and local restaurants. Conveniently situated just over the Harbor Bridge from Downtown Corpus Christi, Whataburger Field, the Marina, museums, I-37, and more. The property features a new roof installed in 2022 and three well-maintained units. The upstairs unit, approximately 1,060 square feet, is an updated 2-bedroom, 2-bathroom with central air, granite countertops, laminate and vinyl flooring for easy beach cleanup, and a wood-burning fireplace. Walkway decks surround the upper level, providing outdoor space and coastal breezes. The two downstairs units are updated 1-bedroom, 1-bathroom layouts with hard-surface flooring, tiled walk-in showers, and window units. These units have been successfully rented on a week-to-week basis to project workers but offer significant income upside as short-term or vacation rentals, especially during peak tourist seasons. The North Beach Canal Project, if completed as planned, is expected to enhance the area's value and appeal even further. Current and potential rental rates easily surpass the 1% rule, making this a rare find for investors seeking strong cash flow in a desirable location. Whether you are looking to expand your rental portfolio, operate a short-term rental business, or enjoy a personal beach retreat with rental income, this property delivers excellent versatility and return potential.

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