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Skylane Ave Corsicana, TX 75109

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For Sale
$6,700,000

27 SFR units built in 2023, near downtown Dallas.

Property size:
39,150 SF

Property Features for Skylane Ave

General Information

Size
39,150 SF

Building Details

Year built
2023

Source: Wayne Burgdorf, CCIM Agent Wayne Burgdorf, CCIM

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

27 Detached Rental Units Package

This package features 27 single-family detached rental units constructed and leased in 2023 to address the city's housing shortage. Located in Corsicana, the county seat of Navarro County, approximately 50 miles southeast of downtown Dallas, the units are nearly fully leased at competitive rents. The rental unit package benefits from Corsicana's active Economic Development Corporation, which attracts new industry and jobs, contributing to a significant housing shortage. The properties consist of homes built in 2023, with most currently leased. There are three distinct one-story floor plans, each featuring 3 bedrooms, 2 bathrooms, and a 2-car garage. Rents range from $1.47 to $1.50 per square foot per month. Corsicana has a population of around 29,000 and a strong, expanding local industry that provides employment for residents. The unemployment rate in Corsicana is less than the State of Texas. The property size is 39150 square feet.
Location Intelligence

Current Use by Public Records

Single family properties

Map

City
Corsicana
County
Navarro
State
Texas
Longitude
-96.3417
Latitude
32.0533

FAQs

What type of property is this?
Single family property - 27 SFR units built in 2023, near downtown Dallas.
Where is this single family property located?
The property is located at Skylane Ave Corsicana, TX.
What is the asking price?
The asking price for this property is $6,700,000.
What are key features of this property?
This property features: - Package of 27 newly built (2023) detached single-family rental units.; - High occupancy with strong rental income potential.; - Located in Corsicana, TX, experiencing a housing shortage and economic growth.
More about this property
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