Corsicana TX Newer 17-Unit SFR Rental Portfolio
17 SFR Detached Rental Houses Built in 2023
Marketing description
The Portfolio is located in Corsicana, Texas, county seat of Navarro County about 50 miles SE of Dallas along IH-45. Corsicana has done a great job of expanding industry and employment and has a severe housing shortage per a 2017 city housing study that has not been fulfilled. The properties are part of a 280-acre master planned development in West Corsicana with commercial sites, an apartment site, and single family land/lots. The houses were built in 2023 and leasing starting during construction. All are one story, 3/2/2 floor plans with 1401-1500 SF of living area and good features. The houses are generally stabilized and financials indicate a cap rate of 6.6%.
Seller may be selling individual houses out of this portfolio, so please check with Broker for availability.
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Investment highlights
Market cap rate in an area with rising rents and high housing demand.
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