$425,000
$50K PRICE DROP

700 W 3rd Ave Corsicana, TX 75110

Estimated payment $2,626/month

Total Views 5,739
8 Beds
4 Baths
3,840 Sq Ft
$111 Price per Sq Ft

Highlights

  • Ceramic Tile Flooring
  • Central Heating and Cooling System
  • High Speed Internet
  • 1-Story Property
  • Ceiling Fan
  • 5-minute walk to Jester Park

About This Home

Save 700 W 3rd Avenue as the address of your new addition to your investment portfolio. 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.

Listing Agent

Aric Bonner

The Bonner Group Brokerage Phone: 903-654-7561 License #0606253 Listed on: 03/24/2025

The Bonner Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,334

Year Built

  • Built in 1970

Lot Details

  • 0.33 Acre Lot
  • Few Trees

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Roof
  • Concrete Siding

Interior Spaces

  • 1-Story Property
  • Ceiling Fan

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Parking

  • No Garage
  • Gravel Driveway
  • Unpaved Parking
  • On-Site Parking
  • Open Parking

Schools

  • Bowie Elementary School
  • Corsicana High School

Utilities

  • Central Heating and Cooling System
  • Overhead Utilities
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block L / 393
  • Assessor Parcel Number 35578

Community Details

Overview

  • 4 Buildings
  • 4 Units
  • 3,840 Sq Ft Building
  • Corsicana Subdivision

Building Details

  • Gross Income $40,800
  • Net Operating Income $40,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,334

Year Built

Built in 1970

Lot Details

0

Listing Details

  • OWNERNAME: See tax
  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Unit Levels: One
  • Year Built Details: Preowned
  • Attribution Contact: 903-654-7561
  • CapRate: 9.6
  • Co List Office Mls Id: BONN01
  • Special Features: VirtualTour
  • Year Built: 1970

Interior Features

  • Interior Amenities: High Speed Internet, Cable TV
  • Flooring: Ceramic Tile, Laminate
  • Appliances: Dishwasher, Electric Range, Electric Water Heater

Beds/Baths

  • Full Bathrooms: 4
  • Total Bedrooms: 8

Exterior Features

  • Foundation: Slab
  • Roof: Composition
  • Construction Materials: Concrete
  • Pool Features: None

Garage/Parking

  • Cooling System: Central Air, Ceiling Fan(s), Electric
  • Parking Features: Gravel, No Garage, On Site, Open, Unpaved
  • OpenParkingYN: Yes
  • Attached Garage YN: No
  • GarageYN: No

Utilities

  • Sewer: Public Sewer
  • Heating: Central, Electric
  • Utilities: Electricity Connected, Overhead Utilities, Sewer Available, Water Available, Cable Available
  • Heating Yn: Yes

Schools

  • Elementary School: Bowie
  • High School: Corsicana
  • Junior High Dist: Corsicana ISD

Lot Info

  • Lot Features: Few Trees
  • Lot Size Units: Acres
  • Lot Size Area: 0.327
  • Parcel Number: 35578
  • Lot Size Acres: 0.327
  • Lot Size Sq Ft: 14244.12

Building Info

  • Year Built: 1970
  • Units Total: 4

Tax Info

  • TaxBlock: 393
  • Tax Lot: L
  • Tax Annual Amount: 4334.0

Multi Family

  • Annual Gross Income: 40800.0
  • Property Net Operating Income: 40800.0

MLS Schools

  • MiddleOrJuniorSchool: Corsicana

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2025 08/27/25 Price Changed $425,000 -5.6% $111 / Sq Ft
07/09/2025 07/09/25 Price Changed $450,000 -3.2% $117 / Sq Ft
04/29/2025 04/29/25 Price Changed $465,000 -2.1% $121 / Sq Ft
03/24/2025 03/24/25 For Sale $475,000 -- $124 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20878883

North Texas Real Estate Information Systems (NTREIS)

APN: R000012466