Current Use by Public Records
- Residential income homes
Property Details for 27949 Us-69
- Year built
- 1980
- Lot size
- 3.85 lot acres
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a two-unit multifamily property situated on a spacious 3.85-acre lot at 27949 U.S. 69 in Rusk, Texas, zip code 75785. The property consists of two single-family rental homes, built in 1980 and 1950, offering a combined square footage of 2,520. Both units are currently occupied, generating immediate rental income. The asking price for this portfolio is $275,000, translating to $137,500 per unit and $109.13 per square foot. Located just outside the city limits, this property offers a blend of country living with easy access to city amenities. A significant advantage is the presence of an 8-inch sewer line, providing excellent infrastructure for potential expansion. This feature makes the property particularly attractive for investors seeking to develop additional rental units or establish a business on the ample land. The property's size and existing infrastructure present a unique opportunity to grow a rental portfolio or explore diverse development options. This is an ideal investment for those seeking a substantial return on investment in a desirable location. Don't miss this chance to acquire a well-positioned multifamily property with significant growth potential.
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
- -95.1662
- Latitude
- 31.8175
