406 2Nd St Corrigan, TX 75939
This exceptional 4,359 square foot property, situated on a 2.59-acre lot in Corrigan, Texas, presents a unique investment opportunity. Currently configured as a multi-use building suitable for hospitality, senior living, or office space, it offers significant versatility. The building features five bedrooms and four bathrooms, along with inviting common areas designed for comfortable communal living. Large windows provide ample natural light, creating a warm and sophisticated atmosphere. The layout is adaptable to various needs, allowing for customization to suit specific uses. Located at 406 E 2nd St, Corrigan, TX 75939, this property boasts a prime location and is priced at $400,000 ($91.76 per square foot). Its potential for appreciation makes it an attractive investment. The property also offers a leasing option at $4,000 per month. This versatile building is ideal for those seeking a tranquil, spacious environment with significant potential for various uses, including a group home or retirement community. The property's size and location offer a strong foundation for a successful venture. This is a rare opportunity to acquire a substantial property in a desirable location with significant upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.