240 indiana ave , corpus christi, TX 78404

6-Unit Multifamily | All 2/2 Layouts | In-Unit W/D | DSCR-Friendly Investor-focused 6-unit property located just one block from Ocean Drive Corpus Christi, one of the most desirable rental corridors in Corpus Christi. What sets this property apart is a rare unit mix of all 2 bed / 2 bath units with in-unit washer and dryer connections —a combination that consistently drives stronger rents and tenant retention compared to typical multifamily inventory in the area. The property is currently generating $7,195/month with a clear path to approximately $7,800/month, and is positioned to qualify for DSCR financing based on in-place income , making it immediately actionable for investors. Over $125,000 has been invested into the asset, including a new roof, recent interior and exterior paint, and overall improvements that allow for a true turnkey ownership experience . Several units feature balconies or decks, further increasing tenant appeal in this coastal location. Surrounded by homes valued above $500,000, the property benefits from both strong rental demand and long-term appreciation fundamentals. This is a clean opportunity for a DSCR investor, 1031 exchange buyer, or VA buyer looking to occupy one unit while offsetting expenses with rental income . A stabilized asset with a tenant-friendly layout that is difficult to replicate at this price point.

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Listing Courtesy of: Payton Dodson of TruStar Real Estate

Listing information provided courtesy of the Corpus Christi Association of REALTORS^®. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS.

This listing last updated: Thu, April 16, 2026 at 6:00:17 PM EDT

CCAR Listing Data Last Updated on Thu, May 14 2026 at 10:01am