3227 Country Rd 2004 - Apartments FOR SALE


Corsicana, TX 75110
$3,980,300 USD
713-614-2670
3227 Country Rd 2004, Corsicana, TX for Sale
$3,980,300 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

3227 Country Rd 2004
Corsicana, TX 75110


HIGHLIGHTS

  • 12-Home Portfolio – Each home sits on ~¼ acre, offering 1,200 sq ft with 3 bedrooms and 1 bathroom. All were fully renovated in 2024
  • Over 24 total acres, including 19+ acres in the back with in-and-out easement access ideal for future development
  • Two front lots ready for immediate development, each approximately ¼ acre in size
  • Prime Location – Situated in the highly sought-after Corsicana area with easy access to US-287, I-45, schools, shopping, and essential services
  • 19.18 Acres of Unrestricted Land – Adjacent to established residential neighborhoods, this surveyed tract offers utilities on-site & pipeline easement
  • A rare chance to combine turnkey rental income with substantial development opportunity in a fast-growing, high-demand market.

OVERVIEW

Property Description Discover an exceptional opportunity just outside the city limits in a fast-growing market. This package includes over 24 acres, featuring 19+ acres in the back with in-and-out easement access ideal for future development. Additionally, there are two front lots, each approximately ¼ to ? acre, ready for immediate development — adding even more income potential to an already cash-producing property. The offering combines 19.18 acres of unrestricted land with a 12-home rental portfolio, delivering both immediate income and long-term development potential. The land tract has been fully surveyed and is ready for residential, commercial, or mixed-use projects. Its strategic location near schools, shopping, and dining offers convenience while maintaining the flexibility of no city restrictions. The 12-home portfolio at 3227 County Road 2004, Corsicana, TX, features homes renovated in 2024, each with 3 bedrooms, 1 bathroom, and approximately 1,200 sq. ft. on quarter-acre lots. With updated systems and environmental certifications, these homes minimize upfront risk. All units are fully leased, generating approximately $20,000 per month in rental income and providing instant cash flow with strong appreciation potential. Location Description Nestled in the serene countryside of Navarro County, this property is ideally positioned just outside the Corsicana city limits—offering a quiet, rural feel while remaining only minutes from shopping, dining, schools, and major highways. Located along Country Road 2004, this area continues to see residential growth and investor interest due to its accessibility and proximity to the city. Enjoy the best of both worlds: peaceful surroundings with the convenience of being less than 10 minutes from downtown Corsicana and quick access to I-45, connecting you easily to Dallas, Houston, and beyond. With local demand for quality rental housing on the rise, this location is ideal for stable returns and long-term value.

FOR SALE DETAILS

PRICE

$3,980,300 USD

PRICE/SF

$276 USD /SF

# OF UNITS

12

PRICE/UNIT

$331,692

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cash-Flowing Investment & Development Oppt.

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.95 AC

LAND SF

128,546 SF

ZONING

-

APN/PARCEL ID

48081

ASK ABOUT THIS PROPERTY

Adam OlsenThe Commercial ProfessionalsMore Info
713-614-2670

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Adam OlsenThe Commercial ProfessionalsMore Info
713-614-2670

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.