$949,900
$50K PRICE DROP

10518 Heizer Dr Corpus Christi, TX 78410

Northwest Corpus Christi Neighborhood

Estimated payment $6,468/month

Total Views 8,883
24 Beds
18 Baths
10,640 Sq Ft
$89 Price per Sq Ft

Highlights

  • 0.4 Acre Lot
  • No HOA
  • Central Heating and Cooling System
  • Tuloso-Midway Primary School Rated A
  • Ceramic Tile Flooring

About This Home

Rare opportunity to acquire a 12-unit apartment building in Corpus Christi for under $1M. Currently 30% occupied. It's an ideal repositioning asset for an investor looking to capitalize on upside via renovation and lease-up. The building is well-located with strong rental demand and market comps to support the proforma assumptions.
Significant upside through lease-up and stabilization.
Market rents projected at $995/unit
Stabilized gross income: $131,340
Stabilized NOI: ~$92,000
Property is being sold as-is. Buyers to verify all information.

Listing Agent

Wesson Assefa

Wesson Assefa License #0506165 Listed on: 04/08/2025

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $15,516

Year Built

  • Built in 1973

Parking

  • Covered Parking

Interior Spaces

  • 10,640 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 24 Bedrooms

Schools

  • Tuloso Midway Elementary And Middle School
  • Tuloso Midway High School

Additional Features

  • 0.4 Acre Lot
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 12 Units
  • Medford Acres Subdivision

Listing and Financial Details

  • Legal Lot and Block 3-B / 1

Property Details

Home Type

Apartment

Est. Annual Taxes

$15,516

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Sub Type Additional: Apartment
  • Property Sub Type: Apartment
  • Prop. Type: Residential
  • Lot Size Acres: 0.4
  • Subdivision Name: Medford Acres
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1973
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Number Of Buildings: 1
  • Full Bathrooms: 12
  • Half Bathrooms: 6
  • Total Bedrooms: 24
  • Flooring: Carpet, Ceramic Tile
  • Interior Amenities: None
  • Living Area: 10640.0
  • Stories: 2

Exterior Features

  • Lot Features: Other
  • Waterfront: No
  • Foundation Details: Other
  • Roof: Other

Garage/Parking

  • Parking Features: Covered

Utilities

  • Laundry Features: Other
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Tuloso Midway
  • Junior High Dist: Tuloso Midway ISD
  • High School: Tuloso Midway
  • Middle Or Junior School: Tuloso Midway

Lot Info

  • Lot Size Sq Ft: 17441.0

Multi Family

  • Number Of Units In Community: 12

Tax Info

  • Tax Annual Amount: 15516.0
  • Tax Block: 1
  • Tax Lot: 3-B

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $15,516 $869,786 $27,904 $841,882
2024 $15,516 $684,989 $27,904 $657,085
2023 $14,984 $684,989 $27,904 $657,085
2022 $10,295 $406,382 $27,904 $378,478
2021 $9,397 $356,800 $27,904 $328,896
2020 $9,062 $340,053 $27,904 $312,149
2019 $9,579 $340,753 $27,904 $312,849
2018 $9,465 $342,094 $24,416 $317,678
2017 $10,246 $366,424 $24,416 $342,008
2016 $10,206 $364,988 $24,416 $340,572
2015 $4,272 $350,478 $24,416 $326,062
2014 $4,272 $152,563 $24,416 $128,147
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2025 07/17/25 Price Changed $949,900 -2.6% $89 / Sq Ft
05/28/2025 05/28/25 Price Changed $975,000 -2.5% $92 / Sq Ft
05/09/2025 05/09/25 Price Changed $999,900 0.0% $94 / Sq Ft
04/08/2025 04/08/25 For Sale $999,999 +138.2% $94 / Sq Ft
07/18/2013 07/18/13 Sold -- -- --
06/18/2013 06/18/13 Pending -- -- --
05/24/2013 05/24/13 For Sale $419,900 -- $39 / Sq Ft
Source: South Texas MLS

Purchase History

Date Type Sale Price Title Company
Trustee Deed $594,000 None Listed On Document
Vendors Lien -- South Land Title Llc
Vendors Lien -- South Land Title Llc
Vendors Lien -- Stewart Title
Warranty Deed -- Stewart Title
Vendors Lien -- None Available
Quit Claim Deed -- None Available
Gift Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $525,000 Commercial
Previous Owner $620,262 Stand Alone Second
Previous Owner $280,000 No Value Available
Previous Owner $131,250 Unknown
Previous Owner $131,250 Purchase Money Mortgage
Source: Public Records

Source: South Texas MLS

MLS Number: 457503

South Texas MLS

APN: 266274

Texas Nueces County Corpus Christi 78410 Northwest Corpus Christi

10518 Heizer Dr, Corpus Christi, TX

This home is located at 10518 Heizer Dr, Corpus Christi, TX 78410 and is currently priced at $949,900, approximately $89 per square foot. This property was built in 1973. 10518 Heizer Dr is a home located in Nueces County with nearby schools including Tuloso-Midway Primary School, Tuloso-Midway Intermediate School, and Tuloso-Midway Middle.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Listing Agent
Wesson Assefa
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Wesson Assefa
(361) 733-3015