Please use the link Green Park Apartments, located at 5113 Green Park Dr, Corpus Christi, TX 78405, is a 39-unit garden-style apartment community in the Downtown Corpus Christi submarket. Built in 1984, the property spans 30,690 square feet across 10 buildings, including nine fourplexes and one triplex, situated on a 2.06-acre lot.
The complex offers two-bedroom, one-bath units with an average size of 787 square feet. Each apartment includes essential unit amenities such as air conditioning, heating, refrigerators with freezers, ovens, and tub/shower combinations. The property is conveniently located near public transportation, with a bus stop directly in front of the community.
Green Park Apartments offers strategic access to key locations in West Corpus Christi, being approximately 10 minutes from downtown and the ports, 5 minutes from the International Airport, and with direct access to SH 358 and I-37. The property is adjacent to Del Mar College Windward Campus, West Oso High School, and West Oso Junior High, making it an attractive option for both the local workforce and student population.
Value-Add Potential: Opportunity to enhance NOI through a unit rehabilitation program, including the renovation of four abated units, bringing additional income potential to the property.
Strong Market Dynamics: Corpus Christi’s diverse economy, driven by key industries such as aerospace, aviation, chemical and petroleum manufacturing, and a growing healthcare sector, ensures a stable and expanding tenant base.
Improving Submarket Infrastructure: Ongoing city-led improvements to roads, utilities, and lighting systems in the immediate area are set to enhance the neighborhood’s appeal and operational efficiency.
Positive Operational Trend: The property has demonstrated consistent operational performance, with month-over-month occupancy improvements, presenting further opportunities for rent growth and the absorption of newly renovated units.