REO Sale: Sterling Apartment Homes | 180-Units

Highlights:

• Primed for Value-Add Upside: All 180 units are in near original condition with laminate countertops, white cabinets, and white appliances. Select units have a black appliance upgrade
• Clear Path to Add Value: Nearby competitors have renovated units with modern cabinets, hardwood-style floors, and stainless steel appliances to achieve average rents over $400/unit greater than The Sterling
• Population growth: Texas ranks #1 in the country for net migration
• Strong Income & Demographics: $93,700 average annual household income within a 1-mile radius of the property
• Minimal New Supply: There are only 2 communities under construction in the entire Corpus Christi market
• Surrounded by High-End Retail: Target, Walmart, H-E-B, Best Buy, Sam’s Club, Dave & Buster’s, PetSmart, Academy Sports + Outdoors, Barnes & Noble, Home Depot, and Chick-fil-A

Description:

Ri Marketplace online Auction December 15th-17th, 2025
Register to bid on Marketplace

https://rimarketplace.com/auction/2909/reo-sale-sterling-apartment-homes-180-units?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=multifamily_2909

Colliers and RI Marketplace are pleased to present The Sterling Apartments, 180 units primed for an immediate value-add execution in Corpus Christi, TX. Positioned less than 10 minutes from Corpus Christi’s largest employers, Naval Air Station Corpus Christi (3,900 civilian jobs) and Texas A&M University – Corpus Christi (2,750 jobs), The Sterling offers multiple paths to add value and capitalize on below-market rents.

All 180 units are in near original condition featuring laminate countertops, white cabinets, and white appliances. Select units have a black appliance upgrade. Renovating units with higher-end laminate countertops, backsplash, and stainless steel appliances unlocks over $500,000 in annual revenue and helps differentiate the property from the competitive set. New ownership will leverage minimal new supply in Corpus Christi, incredible net migration, and positive market rent growth to time value-add improvements perfectly and quickly push top-line revenue.


Lamar P. Fisher
Fisher Auction Company Inc.
License: 10344
The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

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