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Jeannette Spinelli

Broker Associate & Founder | Spinelli Residential Group | KW - Austin Portfolio Real Estate

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3405 Ocean Dr , Corpus Christi, TX 78411
$1,299,000
Est. Payment: $7,073.68/mo
5532 Sqft
0.31 Acres
Status: active | Days on site: 9
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W19366001 - W0855518
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Jeannette Spinelli
Broker Associate & Founder

House Description

RARE TURNKEY 10-UNIT INVESTMENT ON PRESTIGIOUS OCEAN DRIVE 3405 & 3409 Ocean Drive | Corpus Christi, Texas A rare opportunity to acquire a fully furnished, turnkey 10-unit income-producing property directly on Ocean Drive, one of Corpus Christi's premier waterfront corridors. Surrounded by high-value residential real estate and positioned along the beautiful Corpus Christi Bayfront, this property offers 10 furnished rental units in a premier Ocean Drive location at just $129,000 per unit. The property consists of eight 2-bedroom/1-bath residences and two 1-bedroom/1-bath residences, with the added convenience of an in-unit washer and dryer in every unit. All 10 residences are offered fully furnished and turnkey, allowing a new owner to continue the property's established furnished rental model without the cost, time and effort of furnishing 10 individual units. STRONG EXISTING RENTAL INCOME Current average monthly rents: 8 × 2BR/1BA: approximately $1,500/month each 2 × 1BR/1BA: approximately $1,350/month each Approximately $14,700 average monthly rent roll Approximately $176,400 annualized rent roll The property's furnished configuration gives an investor exceptional flexibility. Continue operating the residences as short-term rentals (STR/Airbnb), 30+ day mid-term rentals (MTR), traveling-professional or workforce housing, or combine rental strategies to maximize occupancy and revenue, subject to applicable regulations. LOCATION, LOCATION, LOCATION Ocean Drive is one of Corpus Christi's defining addresses, known for its waterfront setting, beautiful homes and access to Corpus Christi Bay. The property offers convenient access to downtown Corpus Christi, major hospitals and medical centers, universities, employment centers, restaurants, recreation and the waterfront, appealing to traveling professionals, contract workers, relocating tenants and extended-stay guests.

Highlights

Listed by Sinan Zakaria , 800-995-5879 Listed Simply , 800-995-5879. Central Texas MLS

Property Type

Residential

Lot/Acreage
0.31

Year Built

1970

County

Nueces

Neighborhood

P A Cliffs

School District

Comal ISD

Listing ID

627385

Questions about this listing?

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Interior Features

Appliances:Dishwasher, Electric Cooktop, Electric Water Heater, Disposal, Microwave
Air Cond:Central Air
Fireplaces:
Floor:Tile
Water:Public

Exterior Features

Roof:Other,See Remarks
Others:
  • ▪ Additional:Resale
Sewer:Public Sewer
Principal Interest
$7,074
Taxes
$828

Home Price

$1,299,000

Loan Details

30 yrs
7.228%

Down Payment

20%
$259,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$7,073.68

Principal

Taxes

Principal Taxes HOA Total
Monthly $7,073.68 $828.11 $0.00 $7,901.79
Yearly $84,884.11 $9,937.35 $0.00 $94,821.46
Total $2,546,523.21 $298,120.50 $0.00 $2,844,643.71

Today's Rates

30 Year

7.23%

20 Year

6.94%

15 Year

6.71%

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Market insight data is pulled from the same city as the listing being viewed (Corpus Christi, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Central Texas MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-10-23T23:19:08.000Z

© 2026 Central Texas MLS