245 Pinecrest St Rusk, TX 75785
Three-unit income property, high ROI.
Property size:
1,000 SFProperty Features for 245 Pinecrest St
General Information
- Property type
- Multifamily properties
- Square Feet
- 1,000 SF
- Class
- A
- Lot Size
- 10,890 SF
Building Details
- Buildings
- 3
- Stories
- 1
- Units
- 3
Listing Agent: Jerry-Michael Norton
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a fee-simple ownership of a three-unit single-family rental portfolio located in Rusk, Cherokee County, Texas. The portfolio comprises three separate buildings, each a single-story structure, built between 1950 and 1979. Totaling between 1,000 and 1,500 square feet, these properties sit on combined lots ranging from 0.25 to 0.5 acres. The portfolio boasts a strong 8.04% cap rate and a net operating income (NOI) of $36,167, with each unit priced at $150,000, resulting in an asking price of $450,000. The properties are located at 245 Pinecrest St, 154 Pinecrest St, and 182 Moses St, all in Rusk, TX, zip code 75785. This turnkey investment offers immediate cash flow with established tenants, minimizing vacancy risk and maximizing return. The diversified portfolio mitigates risk by offering a mix of property types and rental rates, appealing to a broad range of renters. The well-maintained properties require minimal management, allowing for a hands-off approach to investment. This portfolio presents a compelling opportunity for investors seeking a stable, income-generating asset with significant growth potential in a desirable Texas market. The properties are classified as Class A.
Property Profile
Location Intelligence
Current Use by Public Records
Residential income homes
Map
- City
- Rusk
- County
- Cherokee
- State
- Texas
- Longitude
- -95.1278846
- Latitude
- 31.787966
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FAQs
What type of property is this?
Multifamily property - Three-unit income property, high ROI.
Where is this multifamily property located?
The property is located at 245 Pinecrest St Rusk, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Immediate cash flow from day one with existing tenants.; Diversified portfolio with varying property types and demographics.; High tenant retention ensures consistent income.
