Multi-housing / PRS

Northwood Village

1301 Northwood Blvd Corsicana, TX United States 76110
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Key Facts

Year Built 1980
Building Area
Occupancy 91.0 %

Property Description

Northwood Village presents the opportunity to acquire a well-maintained, Class “B” asset below replacement cost located in Corsicana, Texas. Spanning 6 buildings, the community offers one, two, and three-bedroom floorplans and was built with nearly 100% brick exteriors, giving it a classic look. Overall, Northwood Village is in good physical condition as current ownership remodeled the office in 2008, painted the exterior of the Property in 2013, and replaced the roofs in 2015 affording new ownership the opportunity to step into a well-performing asset with strong cash flow.

Investment Highlights

  • Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp. a Texas licensed real estate broker (“HFF”) has been exclusively retained to offer an opportunity for qualified investors to purchase the fee simple interest in the 78-unit Northwood
  • Village (the “Property”), a well-positioned Property in Corsicana, Texas. Northwood Village sits in a residential neighborhood
  • just over one mile south from the Corsicana Country Club and is situated just minutes from Interstate-45 and US-287. The Property presents a unique opportunity to acquire a well-maintained asset with stabilized operations and a strong cash flow. Currently, the Property is 90% occupied with average effective rents of $739 per month or $1.08 per foot.
Campbell Roche
Campbell Roche
Managing Director, Capital Markets
License details
TX-694675
David Austin
David Austin
Senior Director, Capital Markets
License details
652736

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