Current Use by Public Records
- Residential income homes
Property Details for 245 Pinecrest St
- Lot size
- 0.25 lot acres
- Property type
- Residential income homes
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rusk
- County
- Cherokee
- State
- Texas
- Longitude
- -95.1279
- Latitude
- 31.788
