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3844 Skylane Ave
Corsicana, TX 75110

$3,995,000 USD

Apartments For Sale  •  31,000 SF

Property Details

  • Property Type Apartments
  • Total Building Size 24,650 SF
  • Lot Size 3.2 AC
  • Building Class B
  • Year Built 2023
  • Cap Rate 6.60 %
  • Zoning R3
40 Walk Score

Highlights

Corsicana has expanding industry and jobs but an unfulfilled housing shortage
Portfolio has 17 SFR Detached Houses Built in 2023 on 70' lots
Three Floor Plans, all one story, all 3/2/2, 1401-1500 SF of GLA, leased at $1.47-$1.50/sf
Actual and Proforma Income & Expenses Render a Cap Rate of 6.6% and a GRM of 109
Contact Wayne.Burgdorf@svn.com for PDF marketing brochure with full details
SELLER WILL CONSIDER SMALLER PACKAGE SALES-ASK FOR UPDATE
Cap Rate: 6.60 %

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Controlled Access
  • Dishwasher
  • Microwave
  • Washer/Dryer Hookup
  • Recycling
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • Granite Countertops
  • Refrigerator
  • Sprinkler System
  • Stainless Steel Appliances
  • Range
  • Double Pane Windows
  • Family Room
  • Walk-Up
  • Smoke Detector

Parking Details

Parking Available: Yes
Reserved: No
Type: TwoCarGarage
Included in Rent: Yes
Wayne Burgdorf 817-726-8586 SVN | Trinity Advisors
Wayne Burgdorf 817-726-8586 SVN | Trinity Advisors