212 19th, Corsicana, Texas

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.

Directions: 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.