512-350-7902
5113 Green Park Dr, Corpus Christi, TX for Sale
Apartments - FOR SALE
1/15
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5113 Green Park Dr
Corpus Christi, TX 78405
Downtown Corpus Christi


HIGHLIGHTS

  • The City of Corpus is currently upgrading and replacing all the underground utilities and streets in the Green Park community.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

39

CAP RATE

Request Cap Rate

% LEASED

91%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Green Park Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.06 AC

LAND SF

89,734 SF

ZONING

-

APN/PARCEL ID

200050778

ASK ABOUT THIS PROPERTY

Clint YoderFranklin StreetMore Info
512-350-7902

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Clint YoderFranklin StreetMore Info
512-350-7902

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.