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Listing provided courtesy of The Bonner Group- MLS# 21215998MLS ProviderContact Information: Aric Bonner - 903-654-7561

700 W 3rd AvenueCorsicana, TX 75110

Multi-Family · 8 Beds · 4 Full Baths · 3,840 Sq. ft. | 0.33 Acres
$399,900 Active Under Contract

700 W 3rd Avenue Overview

Visits:
4

Prepare yourself to be impressed with the well-maintained 4-plex, sporting a 2023 roof, increasing the allure and temptation of the investor’s dream! Your next income producing property is located in the Corsicana Historic District, a few blocks from the award winning downtown Corsicana. Key Features: • Roof: Composition roof installed in 2023 on both buildings, providing peace of mind for years to come. • Hot water heaters: Replaced in all units within the last 5 years. • Long-Term Tenants: Tenant in Unit C has been in place since 2017, renter in Unit A, has been in place since 2021. • Tenant-Paid Utilities: Tenants cover their own electric bills, simplifying property management. • Ample Parking: Parking spots are available at the rear of the building. Floor Plans & Layout: The 4-plex includes four well-designed units, ideal for attracting renters looking for comfort and convenience. The location is close to grocery shopping, parks, and has easy access to State Hwy 31, and Interstate 45. Whether you’re a seasoned investor or just starting your portfolio, this property is ready to generate returns immediately. Don’t miss this opportunity to own a solid, income-producing property in a prime location. Save 700 W 3rd Avenue as the address of your new addition to your investment portfolio.

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700 W 3rd Avenue Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,840
  • Price/Sq.ft. $104
  • Lot 0.33 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Corsicana ISD
  • Elementary School: Bowie
  • Middle Or Junior School: Corsicana,Collins
  • High School: Corsicana

Income/Expenses

  • Gross Income: 44400.0
  • Net Operating Income: 44400.0

Building Information

  • Year Built: 1970
  • Year Built Details: Preowned

Location/Region

  • Country: US
  • County Or Parish: Navarro
  • Postal City: CORSICANA
  • Subdivision Name: Corsicana

Tax Information

  • Tax Annual Amount: 4334.0

General Information

  • Listing Terms: Cash,Conventional,1031 Exchange
  • Parcel Number: 35578
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Full: 4
  • Bathrooms Half: 0
  • Bathrooms Total: 4
  • Bedrooms Total: 8

Building Interior

  • Building Area Source: Public Records
  • Building Area Total: 3840.0

General Information

  • Appliances: Dishwasher,Electric Range,Electric Water Heater
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Ceramic Tile,Laminate
  • Foundation Details: Slab
  • Interior Features: High Speed Internet,Cable TV
  • Levels: One
  • Stories: 1

Exterior

Parking Information

  • Open Parking: Yes
  • Parking Features: Gravel,No Garage,On Site,Open,Unpaved
  • Parking Total: 8.0

Lot Information

  • Lot Features: Few Trees
  • Lot Size Acres: 0.327
  • Lot Size Area: 0.327
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 14244.12
  • Lot Size Units: Acres
  • Number Of Buildings: 4
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Attached Garage: No
  • Construction Materials: Concrete
  • Roof: Composition

General Information

  • Carport: No
  • Number Of Units Total: 4
  • Pool Features: None
  • Sewer: Public Sewer
  • Utilities: Electricity Connected,Overhead Utilities,Sewer Available,Water Available,Cable Available

Unit Information

Unit 1 Details

  • Unit Type: 2 Bedroom
  • Units Total: 1

Unit 2 Details

  • Unit Type: 2 Bedroom
  • Units Total: 1

Unit 3 Details

  • Unit Type: 2 Bedroom
  • Units Total: 1

Unit 4 Details

  • Unit Type: 2 Bedroom
  • Units Total: 1

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

700 W 3rd Avenue Market Data

Based on the last 30 days in this zip code

$299,861
Average List Price
$154
Average Price per Square Foot
11
Properties Sold
97
Average Days on Market
163
Properties for Sale
Calculations provided by Reliance Network


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