Outstanding investment property in Corsicana! This fully leased asset generates $5,650 in gross monthly rent with long term tenants in place — exceeding the popular 1% rule with ease. Annual gross income is $67,800, with estimated expenses of just 25%, resulting in a strong net operating income of approximately $50,850.… Read More At the list price of $549,999, the property delivers an impressive 9.2% cap rate. The building features 3,456 square feet on a 0.43 acre lot, offering stable rental performance and long term tenant appeal. With consistent cash flow, low expenses, and reliable occupancy, this property is a prime turnkey addition to any investment portfolio. Read Less
Courtesy of Texas Ally Real Estate Group, Nir Sheinbein.
Listing Snapshot
Days Online
1
Last Updated
Property Type
Other
Lot Size
0.43 Acres
Year Built
1940
MLS Number
21051263
Additional Details
Appliances & Equipment
ElectricOven, ElectricRange, Refrigerator
Building
Built in 1940, Construction materials: Frame, WoodSiding, Levels: One, 3 buildings, 1, Toal building area: 3456
Cooling
WindowUnits
Expenses
Insurance: $3,500
Floors
Vinyl
Income
Gross income: $67,800, Net operating income: $50,850
Lot
0.43 acres, 18,731 sqft
Parking
6 total parkings, OnStreet
Pool
None
Roof
Shingle
Sewer
PublicSewer
Utilities
SewerAvailable, WaterAvailable
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