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$149,000

1401 Maryland Dr, Corpus Christi, TX, 78415

$173,845 ARVInfo
On MarketInfo
Just AddedInfo
Beds5 Beds
Baths5 Bath
Baths2,380 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$62.61 / sqft
Year BuiltBuilt in 1949

Property Lead Type:

Deal ListAbsentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 5Bathrooms Full 5
Garage AvailableGarage Available
AppliancesMultiple Water Heaters
FlooringLaminate, Other, Tile

Exterior

Lot Size10,324 sqft

Building Information

Year Built1949
Roof Type105
Garage Spaces1

Land Information

APN0596-0009-0320
Lot Number32
SubdivisionBelaire Park #2
Land UseResidential
Legal DescriptionBELAIRE PARK #2 BLK 9 LOT 32
Census Tract002001
Assessed Land Value$20,680
Assessed Improvement Value$103,119
Assessment Year2025

About this property

Three units, one corner lot, and rental income already in place. 1401 Maryland Drive offers investors a versatile multi-family opportunity in Corpus Christi's Belaire Park subdivision, set on a 0.23-acre (10,341 sq ft) corner lot with two of its three units currently leased. The property totals 2,380 sq ft per the Nueces County Appraisal District: 1,852 sq ft across Units 1 and 2 in the main structure, plus a 528 sq ft detached Unit 3. Altogether, that's 6 bedrooms and 5 baths across three separate apartments. Unit 1 (Vacant): 3 bed / 2 bath, approx. 1,100 sq ft, featuring central heat and air, a freshly painted interior, and a 1-car garage. Ready to lease, or ideal for an owner-occupant who wants to live in one unit and rent the others. Unit 2 (Leased): 2 bed / 2 bath, approx. 750 sq ft, with a newer mini-split system. This unit is ready for updates, offering value-add upside for a buyer prepared to make improvements. Unit 3 (Leased): Detached 1 bed / 1 bath, 528 sq ft, recently leased, with a freshly painted interior, new window units, and its own carport. Rents currently include all utilities, as the units are not separately metered. With two units producing income today, a vacant unit ready to lease or occupy, and room to add value in Unit 2, this property offers multiple paths for investors looking to start or grow a portfolio. Schedule your showing today. Information deemed reliable but not guaranteed. Buyer and buyer's agent to independently verify all information, including square footage, lot size, rents, and lease terms.

Investor Tools

$157,274Estimated Mortgage Balance
$63,726Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$173,844
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,326 /month
Positive
Cash Flow Estimate:
$442 /month

Interested in this property?

Phillip Rios

Spears & Co Real Estate

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$320/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,740
$123,799
2025
$20,680
$103,119
$123,799
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,740
$123,799

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Navy Army Community Cu
Unknown
$170,000
No
First
Oct 14, 2022
Oct 2037

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$157,274
$63,726
28%
71%
$1,020/mo

City: Corpus Christi

1401 Maryland Dr | Property Details | No Agent List