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.
Property Details
- Interior
- Open Floorplan
- Cooling
- 1
- Heating
- Central
- Cooling Features
- Central Air
- Acres
- 0.001
- Square Feet
- 14480.0
- Lot Size (sqft)
- 23.35
- Parking Features
- Driveway
- Parking Spaces
- 12.0
- Parking Type
- Driveway
- Property Type
- Multi-Family
- Year Built
- 1974
- Foundation
- Slab
- Roof
- Composition
- Sewer Information
- Septic Tank
- Utility Features
- Septic Available
- Appliances
- Electric Range
- Subdivision
- ELMER ADCOCK & JOHN RICHARDSON
- School District
- Corsicana ISD
- Elementary School
- Bowie
- Middle School
- Corsicana,Collins
- High School
- Corsicana
- County
- Navarro
- Region
- Corsicana
- Days on Market (Cumulative)
- 10
- Taxes Annual
- $2,263
- MLS #
- 21371130
- Property Subtype
- ResidentialIncome
- Parcel Number
- see remarks
- MLS #
- 21371130
- Property Condition
- Resale
- Address
- 3201 NW CR 2004
Location
Legal
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Provided By
Listed by Katie Miller (#0711670)
Listing Office: Real Broker, LLC (#REAY02AR)
