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    245 Pinecrest St Rusk, TX 75785

    For Sale
    $450,000

    Three-unit income property, high ROI.

    Property size:
    1,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    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 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

    HighLights

    • Immediate cash flow from day one with existing tenants.
    • Diversified portfolio with varying property types and demographics.
    • High tenant retention ensures consistent income.
    • Low‑maintenance properties; professional management optional.
    • Potential for rent increases and property appreciation.
    • Turnkey investment, ready for immediate income generation.
    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.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    245 Pinecrest St Rusk, TX 75785
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