Corpus Christi TX | MID REHAB FLIP OR RENTAL | ASK 165k ARV 400k

4 Beds / 2.5 Baths • 2,520 SqFt
Offer Submission Deadline
  • Single Family House
  • 4
  • 2.5
  • 1952
  • 2520
  • 28314
  • Detached Garage

Description

🏠 Assignment Opportunity – 2502 Cloyde Street, Corpus Christi TX 78404

Assignment Price: $165,000 + CC

Estimated ARV: $400,000

Exit Strategy: Flip or Buy & Hold

📍 Property Details

Type: Single-Family Home with Detached ADU

Year Built: 1952

Square Footage (Building): 2,520 sq ft

Square Footage (Land): 0.64 acres (double lot)

Beds / Baths: 4 Bed / 2.5 Bath

Occupancy: Vacant (ADU tenant moving out end of month)

Parking: Two Detached Garages (one on each side)

🛠 Rehab Overview

Scope:

  • Interior mid-rehab on main house + ADU
  • Exterior cosmetic updates
  • General clean-up, paint, and light cosmetic fixes

Big Six (per current info):

  • Roof: Replaced within last 5 years
  • Foundation: No known issues
  • HVAC: No known issues
  • Electrical: No known issues
  • Plumbing: No known issues
  • Hot Water Heater: No known issues

💰 Rental Potential (Buy & Hold Option)

Current Rent: $500 (ADU tenant, moving out)

Potential Rent: To be determined based on full rehab

🏡 ARV Comparables

  • 534 Naples St, Corpus Christi, TX 78404
  • 418 Southern St, Corpus Christi, TX 78404
  • 530 Indiana Ave, Corpus Christi, TX 78404
  • AS-IS Comp: 627 Indiana Ave, Corpus Christi, TX 78404

📝 Property Notes

This property sits on a rare double lot with two detached garages and a separate ADU in the back. The seller states the home needs only cosmetic updates, with the roof replaced in the last 5 years. Strong ARV supported by nearby comps. Flexible exit as a fix-and-flip or a long-term buy-and-hold with dual-unit rental income potential.

📞 TEXT OR CALL BEVANS LLC FOR A SHOWING TODAY: (512) 713-0085

Property Sold As Is | EMD OF $2,500

DISCLAIMER: This is an assignment of contract. A legally binding purchasing contract with memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. This company does not represent the owner. We are NOT brokers and do not represent ourselves as such. DO NOT CONTACT THE OWNER/SELLER without our explicit consent. Any attempts to renegotiate or make contact with the owner will result in legal action.

Estimated Spread

  • ARV $400,000
  • Price $165,000
  • Spread $235,000

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