101541 . 27 Home SFR Corsicana, TX

101541 . 27 Home SFR Corsicana, TX, Corsicana, TX 75110

  • For Sale $6,700,000
  • Property Type Multi-Family
  • Property Size 39,109 SF
  • Units 27
  • Year Built 2023
  • Date Updated Mar 12, 2024
Corsicana, Texas, situated about 50 miles south of Dallas, offers a unique blend of small-town charm, historical significance, and strategic location. With a population of approximately 23,800 people, Corsicana has an economy rooted in industry, particularly oil, education institutions, and is increasingly becoming a destination for tourists seeking a glimpse into Texas' history. Corsicana's economy has been historically driven by the oil and natural gas industry. The city sits atop the Barnett Shale, a major source of natural gas. Energy companies have a notable presence, and the city's economy is influenced by fluctuations in the oil and gas markets. Additionally, Corsicana has diversified its economy to include manufacturing, warehousing, healthcare, and retail. In recent years, Corsicana has focused on revitalizing its downtown area to attract businesses and tourism. Urban redevelopment projects, aimed at preserving the city's historical architecture while modernizing infrastructure, have gained momentum. Initiatives to improve parks, streetscapes, and public facilities are transforming Corsicana into an inviting and pedestrian-friendly city. Corsicana is home to Navarro College, a two-year community college offering various associate degrees and vocational programs. Navarro College plays a crucial role in providing educational opportunities and workforce development in the region. Its proximity to Dallas facilitates easy access to major universities and research institutions, enhancing educational prospects for Corsicana's residents. The city offers a variety of attractions that draw visitors. The city boasts its rich history, particularly its association with oil production and its connection to the well-known oil company, Texaco. Visitors can explore the Pearce Museum at Navarro College to delve into the city's history. Corsicana is also famous for its fruitcakes, thanks to the Collin Street Bakery, a popular tourist stop for a century. Corsicana's proximity to Dallas, just about an hour's drive away, significantly impacts its economy, education, and tourism. Many residents commute to Dallas for work, capitalizing on the opportunities available in the larger metropolitan area. Dallas serves as a source for higher education, healthcare, entertainment, and cultural experiences for Corsicana's residents. Additionally, the closeness to Dallas attracts day-trippers and weekend visitors from the metropolitan area seeking a change of pace in Corsicana. Tourism benefits from this proximity as those visiting Dallas often extend their trip to explore nearby attractions, contributing to Corsicana's local businesses and tourism industry. Overall, Corsicana is evolving into a multifaceted city, balancing its historical roots, economic diversification, educational opportunities, and the influence of its nearby urban neighbor, Dallas. Its strategic location offers both a taste of Texan history and a gateway to the broader offerings of the Dallas metropolitan area.

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Highlights

  • 27 newly constructed contiguous homes
  • All homes are spacious one-story, 3-bedroom, 2-bathroom homes, with attached 2-car garages
  • Average current rents are $2150
  • The average home price at the asking price is $279,196
  • Stabilized Cap Rate at full lease-up +/-6.3%
  • Stabilized Gross Yield at full lease up will be 10.38%
  • Quality durable finishes throughout
  • The SFR units offered are located in Corsicana, the County Seat of Navarro County ±50 miles south of downtown Dallas along IH-45. It has a population of around 29,000.

Contacts

broker

Thomas C. Johnston

SVN | SFRhub Marketplace

(602) 403-3695

Location

Getting Around

  • Bike Score ®

    29/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Corsicana, TX
  • Neighborhood Oak Valley
  • Zip Code 75110
  • Market Central East Texas

Points of Interest

  • Murphy USA

    2.61 miles

  • Exxon

    2.91 miles

  • Chevron

    3.56 miles

  • Valero

    3.77 miles

  • Shell

    3.86 miles

  • Valero

    3.88 miles

  • Shell

    4.23 miles

  • Alon USA

    4.54 miles

  • Alon

    4.56 miles

  • Chevron

    4.62 miles

  • Motel 6

    4.90 miles

  • Quality Inn

    4.97 miles

  • Travelers Inn

    5.05 miles

  • Holiday Inn Express

    5.13 miles

  • Hampton

    5.15 miles

  • Comfort Inn

    6.37 miles

  • La Quinta

    6.51 miles

  • Super 8 by Wyndham Corsicana

    6.52 miles

  • Best Western

    6.57 miles

  • Cicis

    2.73 miles

  • Burger King

    2.90 miles

  • Navarro Donuts

    2.91 miles

  • China One

    3.28 miles

  • Sirloin Stockade

    3.75 miles

  • Old Mexican Inn

    3.79 miles

  • Summer Palace

    3.96 miles

  • El Mexicano Grill

    3.99 miles

  • Papa John's

    4.07 miles

  • Braum's

    4.08 miles

  • Jose Antonio Navarro Elementary School

    2.78 miles

  • Navarro College

    3.37 miles

  • Alpha Learning Center

    3.40 miles

  • Corsicana High School

    3.70 miles

  • Collins School

    3.91 miles

  • Lee School

    4.05 miles

  • Lee Elementary School

    4.08 miles

  • Travis Elementary School

    4.54 miles

  • Sam Houston Elementary School

    4.67 miles

  • Drane Intermediate School

    4.80 miles

Frequently Asked Questions

What is the lease rate for 101541 . 27 Home SFR Corsicana, TX?

Rental asking rate at 101541 . 27 Home SFR Corsicana, TX is $3,350,000.00/YR.

What is the total square footage of 101541 . 27 Home SFR Corsicana, TX?

101541 . 27 Home SFR Corsicana, TX totals 39,109 square feet.

When was this property built?

101541 . 27 Home SFR Corsicana, TX was built in 2023.

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Contact Listing Broker

broker

Thomas C. Johnston

SVN | SFRhub Marketplace

(602) 403-3695