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Rockport Properties Inc.

info@rockportproperties.com +1(361) 729-6500

$ 4,900,000

Est. payment | -/mo

120 Beds

64 Baths

59,159 SqFt

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$ 4,900,000

Est. payment | -/mo

Save Virtual Tour

120 Beds

64 Baths

59,159 SqFt

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 59,159 sqft

Price per Sqft $82

Subdivision Gregory-Paul Sub Cfp Co

MLS Listing ID 482480

Bedrooms 120

Full Baths 64

HOA Y/N No

Year Built 1976

Annual Tax Amount $118,227

Lot Size 4.490 Acres

Acres 4.49

Property Sub-Type Apartment

Property Description

The Contessa Apartments in Portland comprise a landmark complex in a central part of booming Portland. With a steady NOI margin, it's a rare opportunity in Portland, and enjoys consistent 85-90%+ Occupancy rates with easy potential for more. Value-add growth potential is also here with updates. The 64-unit complex is broken into 8 buildings of 8 units each, and all are 2-story buildings with downstairs units and upstairs units. The 4.49 acre lot gives room between buildings, a central "park" area, and plenty of parking all around the complex. There is a managing office, card laundry room, and Owner's Suite 1/1 for Manager or Owner to stay in behind the office. The location puts this within 1 mile of HEB grocery store, the Portland Municipal Park & baseball fields, CVS, restaurants, shopping, medical offices, gas stations, Hwy. 181, and Gregory-Portland high school, middle school, and TM Clark Elementary. The full-time maintenance crew and office manager may be happy to continue on with a new owner. Water is all paid by Landlord for whole complex, electric is on separate meters and set up by Tenants individually.

Location

State TX

County San Patricio

Community Sidewalks

Interior

Interior Features Air Filtration, Home Office, Window Treatments, Ceiling Fan(s)

Heating Central, Electric

Cooling Electric, Central Air

Flooring Carpet, Tile

Fireplace No

Appliance Electric Cooktop, Electric Oven, Electric Range, Refrigerator, Range Hood

Laundry Other

Exterior

Exterior Feature Other, Storage

Parking Features Asphalt, Front Entry, Rear/Side/Off Street, On Street

Fence Wood

Pool None

Community Features Sidewalks

Utilities Available Sewer Available, Water Available, Underground Utilities

Roof Type Other

Total Parking Spaces 125

Building

Lot Description Interior Lot

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

Additional Building Storage

New Construction No

Schools

Elementary Schools Tmclark

Middle Schools Gregory Portland

High Schools Gregory Portland

School District Gregory Portland Isd

Others

Tax ID 56923

Security Features Smoke Detector(s)

Acceptable Financing Cash, Conventional, Private Financing Available

Listing Terms Cash, Conventional, Private Financing Available

Virtual Tour https://www.propertypanorama.com/instaview/cor/482480

Corpus Christi/Coastal Bend (CCMLS) - South Texas MLS

Listed by Cass Real Estate • Brenton Reagan

Nearby Locations

We're here to help you find your dream home and ensure your selling experience is smooth and successful. Let our dedication and local expertise guide you through every step of your real estate journey.

+1(361) 729-6500

info@rockportproperties.com

2315 Hwy 35 N, Rockport, TX 78382

410 Lang RD Portland, TX 78374

Rockport Properties Inc.

Key Details

Location

Interior

Exterior

Building

Schools

Others

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410 Lang RD

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