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Corsicana, TX 75110
  • 14,480 sqft
$3,895,000

About this home

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

Full Baths
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Half Baths
0
Bathrooms
0
Bedrooms
0
Building Area
14480
Levels
One
Living Area
14480
Lot Size (Acres)
23.35
Property Type
Residential Income
Status
Active
Year Built
1974

Interior

Appliances
Electric Range
Cooling
Central Air
Fireplaces
0
Flooring
Laminate
Heating
Central
Interior Features
Open Floorplan

Exterior & Construction

Construction
Brick
Foundation
Slab
Roof
Composition

Parking

Covered Parking
0
Garage Spaces
0

Location & Area

City
Corsicana
County
Navarro
School District
Corsicana ISD
ZIP Code
75110
State
TX
Subdivision
ELMER ADCOCK & JOHN RICHARDSON

Financial

Price
3895000

Utilities

Sewer
Septic Tank
Utilities
Septic Available

Listing Details

Listing Agent
Katie Miller
Listing Office
Real Broker, LLC
MLS #
21371130
Virtual Tour
https://www.propertypanorama.com/instaview/ntreis/21371130

Listing agents

Listing AgentKatie MillerReal Broker, LLC
Co-Listing AgentBailee Garrett

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