3201-3227 NW CR 2004
Single Family Home $ 3,895,000

3201-3227 NW CR 2004

Corsicana, TX 75110

  • 14,480 SqFt
  • 23.35 Lot Size
  • 1974 Year Built
Exceptional investment opportunity offering 12 existing single-family rental units plus an additional 19.2 acres with substantial room for future expansion. Located just outside Corsicana, this unique multi-parcel property combines an established residential income portfolio with the kind of acreage rarely available alongside an operating rental community. The 12 brick homes provide an immediate foundation for rental income, with each offering a functional three-bedroom floor plan and updates completed in 2024. Rather than acquiring a fully built-out property with limited upside, investors have the opportunity to capitalize on the existing units today while evaluating future development of the remaining acreage. With 23.35 total acres, approximately 19.2 acres remain beyond the existing residential footprint, creating exceptional flexibility for additional rental units, residential development, or other future uses subject to applicable approvals and infrastructure requirements. The expansive tract provides room to grow the portfolio substantially without having to acquire a separate property. Convenient access to Corsicana, downtown amenities, and I-45 adds to the long-term appeal for both residents and investors. Whether the strategy is to hold the existing portfolio, expand the number of income-producing units over time, or pursue a larger development vision, this property offers something increasingly difficult to find: existing income, significant acreage, and meaningful expansion potential in one acquisition.
Listed by Katie Miller of Real Broker, LLC

VIRTUAL TOUR

PROPERTY DETAIL

  • Key Details

    Property Type Single Family Home

    Sub Type Multiple Single Units

    Listing Status Active

    Purchase Type For Sale

    Square Footage 14, 480 sqft

    Price per Sqft $268

    Subdivision Elmer Adcock & John Richardson

    MLS Listing ID 21371130

    HOA Y/N None

    Total Fin. Sqft 14480

    Year Built 1974

    Annual Tax Amount $2,263

    Lot Size 23.350 Acres

    Acres 23.35

    Property Sub-Type Multiple Single Units

  • Location

    State TX

    County Navarro

    Direction From I-45 in Corsicana, take Exit 235A and continue on the frontage road. Turn onto Hardy Avenue, continue onto Forrest Lane, then turn right on Dobbins Road. Turn left on N 45th Street, then right on Drane Road. Continue to NW County Road 2004. Property will be located at 3201-3227 NW CR 2004.

  • Building

    Story One

    Foundation Slab

    Level or Stories One

    Structure Type Brick

  • Interior

    Interior Features Open Floorplan

    Heating Central

    Cooling Central Air

    Flooring Laminate

    Appliance Electric Range

    Heat Source Central

  • Exterior

    Utilities Available Septic

    Roof Type Composition

    Garage No

  • Schools

    Elementary Schools Bowie

    Middle Schools Corsicana

    High Schools Corsicana

    School District Corsicana Isd

  • Others

    Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21371130

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Katie Miller
Katie Miller

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