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Property Description

Exceptional investment opportunity offering 12 existing single-family rental units plus an additional 19.2 acres with substantial room for future expansion. Located just outside Corsicana, this unique multi-parcel property combines an established residential income portfolio with the kind of acreage rarely available alongside an operating rental community. The 12 brick homes provide an immediate foundation for rental income, with each offering a functional three-bedroom floor plan and updates completed in 2024. Rather than acquiring a fully built-out property with limited upside, investors have the opportunity to capitalize on the existing units today while evaluating future development of the remaining acreage. With 23.35 total acres, approximately 19.2 acres remain beyond the existing residential footprint, creating exceptional flexibility for additional rental units, residential development, or other future uses subject to applicable approvals and infrastructure requirements. The expansive tract provides room to grow the portfolio substantially without having to acquire a separate property. Convenient access to Corsicana, downtown amenities, and I-45 adds to the long-term appeal for both residents and investors. Whether the strategy is to hold the existing portfolio, expand the number of income-producing units over time, or pursue a larger development vision, this property offers something increasingly difficult to find: existing income, significant acreage, and meaningful expansion potential in one acquisition.

Overview

Property Status
For Sale
Lot Size
23.35 Acres
MLS ID
21371130
Property Type
Residential
Year Built
1974

Features & Amenities

Total Area
14,480 Sq.Ft.
Stories
1
Utilities
Septic Available
Pool
None
Roof
Composition
Parking
Driveway
Heat Type
Central
Air Conditioning
Central Air
Appliances
Electric Range
Other Interior Features
Open Floorplan
Sewer
Septic Tank
Substructure
Slab
Elementary School
Bowie
Middle School
Corsicana,Collins
High School
Corsicana
School District
Corsicana ISD
Sales Price
$3,895,000
Real Estate Tax
$2,263/yr

Downloads

3201-3227 NW CR 2004

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3201-3227 NW CR 2004
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