About 212 N 19th Street
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.
Features of 212 N 19th Street
| MLS® # | 21051263 |
|---|---|
| Price | $549,999 |
| Bathrooms | 0.00 |
| Acres | 0.43 |
| Year Built | 1940 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 212 N 19th Street |
|---|---|
| Subdivision | C0000 |
| City | Corsicana |
| County | Navarro |
| State | TX |
| Zip Code | 75110 |
Amenities
| Utilities | City Sewer, City Water |
|---|---|
| Parking Spaces | 6 |
| Garages | On Street |
| Is Waterfront | No |
| Pool On Property | No |
Interior
| Interior Features | Other |
|---|---|
| Heating | Other |
| Fireplace | No |
Exterior
| Roof | Shingle |
|---|---|
| Construction | Frame, Wood |
| Foundation | Concrete Perimeter |
School Information
| District | Corsicana ISD |
|---|---|
| Elementary | Houston |
| High | Corsicana |
Additional Information
| Flooring | Vinyl |
|---|---|
| Net Income | $50,850 |
| Building Sqft | 3,456 |
| # Units | 6 |
Listing Details
| Agent | Nir Sheinbein |
|---|---|
| Office | Texas Ally Real Estate Group |
| Contact Info | 858-539-5219 |