Corpus Christi, TX 78404
1802 Morgan Ave
$495,000
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Property Overview
About 1802 Morgan Ave
Excellent value-add opportunity in a CG-2 (General Commercial) zoning district. This income-producing property is currently configured with five residential units plus a downstairs commercial/storage space, all fully leased and generating $3,800 per month in stable income. The CG-2 zoning allows for a wide range of commercial uses, offering strong upside potential through repositioning the residential units to commercial tenants and increasing rents over time. Investors can enjoy immediate cash flow while exploring redevelopment or re-tenanting strategies to maximize returns. Well-suited for a first-time investor or a buyer looking to add a flexible, mixed-use asset to their portfolio with both income stability and long-term growth potential.
Property Highlights
- Status
- Active
- Price
- $495,000
- Property Type
- MultiFamily
- Bathrooms
- 0
- Living Area
- 3,232 Sq Ft
- Lot Size
- 0.17 Acres
- Year Built
- 2017
- Subdivision
- Bay View #3
- School District
- Corpus Christi ISD
- MLS / Listing ID
- 469858
Listing attribution: Courtesy of DH Realty Partners Inc · James Magill.
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Location & nearby active listings
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Marci Peck
REALTOR® · TREC #0723266
Corpus Christi Realty Group
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Before you make an offer
Ask about foundation movement, since much of the city sits on expansive clay. On homes built before about 1975, ask whether the cast-iron sewer lines have been scoped. Check the flood zone and whether an elevation certificate exists. Ask for windstorm certificates on the roof, windows and any additions. On canal and bayfront homes, have the dock, boat lift and shoreline structures inspected. In newer areas such as the far Southside and London, ask which taxing districts and utilities serve the lot.
Windstorm insurance and flood zones vary by property; Marci can point you to the right specialist. This isn't insurance or legal advice.
Good to know
Conditions change across the city. Inland neighborhoods sit on heavy clay that calls for foundation care; island and bayfront neighborhoods add salt air, marine structures and windstorm certification to the checklist.