Current Use by Public Records
- Residential income homes
Property Details for 101541 Home Sfr Corsicana Tx
- Year built
- 2023
- Property type
- Residential income homes
Description
This exceptional 27-unit single-family rental portfolio in Corsicana, Texas, presents a compelling investment opportunity. Built in 2023, these 3-bedroom, 2-bathroom homes boast 3 distinct floor plans, each featuring approximately 1,450 square feet of living space, a two-car garage, and durable finishes including luxury vinyl plank flooring, granite countertops, and stainless steel appliances. Currently enjoying 100% occupancy with one-year leases signed in 2023, the portfolio generates a substantial net operating income (NOI) of $420,200, representing a 6.27% cap rate at an asking price of $6,700,000. The average monthly rent is approximately $2,150 per unit, translating to a price per unit of $248,148.15. Located conveniently near IH-45, approximately 150 miles south of Dallas, this portfolio benefits from Corsicana's strong local economy and a significant housing shortage. The property's new construction status eliminates immediate capital expenditures, and the potential for future rent growth further enhances its investment appeal. The total square footage is 39,109, with all units currently leased except for a few that are in the process of being leased. A one-year builder's warranty provides additional peace of mind. This is a rare opportunity to acquire a stabilized, cash-flowing investment in a high-demand market.
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
- Corsicana
- County
- Navarro
- State
- Texas
- Longitude
- -96.5143
- Latitude
- 32.0302
