245 Pinecrest StRusk, TX 75785

Property Details for 245 Pinecrest St

Lot size

0.25 AC

Property size (Sq ft)

1,000 SF

Property type

Residential income homes

Description

This exceptional investment opportunity presents a fee-simple ownership of a three-unit single-family rental portfolio located in Rusk, Cherokee County, Texas. The portfolio comprises three separate buildings, each a single-story structure, built between 1950 and 1979. Totaling between 1,000 and 1,500 square feet, these properties sit on combined lots ranging from 0.25 to 0.5 acres. The portfolio boasts a strong 8.04% cap rate and a net operating income (NOI) of $36,167, with each unit priced at $150,000, resulting in an asking price of $450,000. The properties are located at 245 Pinecrest St, 154 Pinecrest St, and 182 Moses St, all in Rusk, TX, zip code 75785. This turnkey investment offers immediate cash flow with established tenants, minimizing vacancy risk and maximizing return. The diversified portfolio mitigates risk by offering a mix of property types and rental rates, appealing to a broad range of renters. The well-maintained properties require minimal management, allowing for a hands-off approach to investment. This portfolio presents a compelling opportunity for investors seeking a stable, income-generating asset with significant growth potential in a desirable Texas market. The properties are classified as Class A.

Location Insight

City

Rusk

County

Cherokee

State

Texas

Latitude

31.788

Longitude

-95.1279

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