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$3,895,000

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14,480 SqFt

New

3201-3227 NW CR 2004 Corsicana, TX 75110

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John & Jennifer Shelby

jshelby@shelbyrealtygroup.com +1(469) 586-8998

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Key Details

Property Type Multi-Family

Sub Type Multiple Single Units

Listing Status Active

Purchase Type For Sale

Square Footage 14,480 sqft

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

Property Description

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.

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.

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

Building

Story One

Foundation Slab

Level or Stories One

Structure Type Brick

Schools

Elementary Schools Bowie

Middle Schools Corsicana

High Schools Corsicana

School District Corsicana Isd

Others

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Katie Miller • Real Broker, LLC

NEARBY SCHOOL & BUSINESS

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John & Jennifer Shelby

Agent License ID: 0692652

+1(469) 586-8998 | jshelby@shelbyrealtygroup.com

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3201-3227 NW CR 2004 Corsicana, TX 75110

John & Jennifer Shelby

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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3201-3227 NW CR 2004