Description
106 W. Fulton Drive is cash flow six-unit multifamily investment property in Mathis, Texas. Originally built as a motel, the single-story property is configured as six efficiency apartments, providing an existing income stream with potential for additional value. Mathis offers access to the Corpus Christi market and Coastal Bend employment centers, including Tesla's lithium refinery in Robstown and Steel Dynamics' mill in Sinton. Its location near Lake Corpus Christi may provide an opportunity to evaluate short-term accommodations alongside traditional rentals, subject to applicable requirements and approvals. The property includes additional land and substantial road frontage, creating potential for future expansion or commercial use. Buyers should conduct their own due diligence regarding leases, occupancy, zoning, utilities, and feasibility of any proposed use.
Details
| MLS # | 482360 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1946 |
| Days On Site | 8 |
| Listing Provided By | Create Realty Group | Joseph Cortez |
Features
| SQ Feet | 1,400 |
|---|---|
| Story(s) | 1 |
| Units | 4 |
| Building(s) | 1 |
| Acreage | 0.75 |
Exterior
| Lot Features | Interior Lot |
|---|
Parking
| Parking Features | Front Entry |
|---|
Taxes
| Tax Annual Amount | 8122 |
|---|
Area Information
| State | TX |
|---|---|
| County | San Patricio |
| City | Mathis |
| Zip Code | 78368 |
| Community Name | Mathis |
| Listing VS Median (in Mathis) | |
Price: $395,000 low | high Med: $250,000 sqft: 1,400 low | high Med: 3,563 $ / sqft: $282 low | high Med: $70 On site: 8 low | high Med: 199 | |
Market Activity 78368
Request a showing
Request a showing
Contact
Learn More About This Property
| State | TX |
|---|---|
| County | San Patricio |
| City | Mathis |
| Zip Code | 78368 |
| Community Name | Mathis |
| Listing VS Median (in Mathis) | |
Price: $395,000 low | high Med: $250,000 sqft: 1,400 low | high Med: 3,563 $ / sqft: $282 low | high Med: $70 On site: 8 low | high Med: 199 | |
 | $175,000106 W Fulton StMathis, TX 78368 |