212 N 19th Street new Save Request In-Person Tour Request Virtual Tour
Corsicana,TX 75110
Key Details
Property Type Single Family Home
Sub Type Multiple Single Units
Listing Status Active
Purchase Type For Sale
Subdivision C0000
MLS Listing ID 21051263
HOA Y/N None
Total Fin. Sqft 3456
Year Built 1940
Lot Size 0.430 Acres
Acres 0.43
Property Sub-Type Multiple Single Units
Property Description
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. 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.
Location
State TX
County Navarro
Direction Start at Corsicana City Hall located at 200 N 12th St, Corsicana, TX 75110. Head north on N 12th St toward W 4th Ave. Turn left onto W 4th Ave. Turn right onto N 19th St. Continue north on N 19th St.
Interior
Interior Features Other
Heating Other
Cooling Window Unit(s)
Flooring Vinyl
Appliance Electric Oven,Electric Range,Refrigerator
Heat Source Other
Exterior
Utilities Available City Sewer,City Water
Roof Type Shingle
Garage No
Building
Story One
Foundation Concrete Perimeter
Level or Stories One
Structure Type Frame,Wood
Schools
Elementary Schools Houston
High Schools Corsicana
School District Corsicana Isd
Others
Ownership Corsicana Snow and Naaman Holdings , LLP
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21051263