| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 40th | Fair |
| Demographics | 22nd | Poor |
| Amenities | 52nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 275 Cherokee St, Rusk, TX, 75785, US |
| Region / Metro | Rusk |
| Year of Construction | 1994 |
| Units | 25 |
| Transaction Date | 2016-07-21 |
| Transaction Price | $1,645,300 |
| Buyer | TR SENIOR APARTMENTS LP |
| Seller | RUS K SENIORS APARTMENTS L P |
275 Cherokee St, Rusk TX Multifamily Investment
Occupancy in the surrounding neighborhood has trended steady with improving renter demand and relatively low rent-to-income burden, according to WDSuite’s CRE market data. Built in 1994, the asset’s newer vintage versus local stock supports competitive positioning while leaving room for targeted upgrades.
Located in a rural pocket of the Jacksonville, TX metro, the neighborhood rates strongly (A) and ranks 4th among 27 metro neighborhoods, indicating competitive fundamentals within the local context. The area’s renter-occupied share is in the top quartile among 27 metro neighborhoods, signaling a deeper tenant base that can support leasing velocity and retention.
Amenity access is practical for workforce renters: parks (ranked 1 of 27; 68th percentile nationally) and childcare (2 of 27; 65th percentile nationally) are relative strengths, with grocery options also competitive (4 of 27; 57th percentile nationally). Dining density is similarly competitive within the metro (3 of 27; 57th percentile nationally), though café options are limited at the neighborhood level—an operational consideration for marketing lifestyle positioning rather than a fundamental demand constraint.
For asset competitiveness, the neighborhood’s average construction year is 1979. With a 1994 vintage, this property is newer than nearby stock, supporting tenant appeal versus older buildings; investors should still anticipate system refreshes common to 1990s assets for long-term durability. Neighborhood occupancy is around the metro median, and a high national percentile for rent-to-income indicates manageable affordability pressure, which can support lease retention and stable collections.
Demographic statistics aggregated within a 3-mile radius point to population growth over the last five years and further gains projected by 2028. While household counts were roughly flat historically, forecasts indicate more households ahead, which implies a larger tenant base and supports occupancy stability. Given elevated owner share at the neighborhood level but relatively accessible home values, investors should underwrite modest competitive pressure from ownership while leaning on the established renter concentration for consistent demand.
Comparable neighborhood safety metrics are not available in this dataset for precise benchmarking. Investors typically evaluate property-level history alongside city and county trend reports to contextualize risk and insurance planning.
Without ranked or percentile crime data, it is prudent to pair on-the-ground diligence with regional trend reviews over multi-year periods to assess stability and any directional shifts that could influence operating costs and tenant retention.
This 25-unit, 1994-vintage property aligns with local demand drivers in a renter-oriented neighborhood that ranks competitively within the Jacksonville, TX metro. The asset is newer than the area’s average stock, supporting tenant appeal versus older comparables while leaving room for targeted modernization. According to CRE market data from WDSuite, neighborhood occupancy sits near the metro midpoint, and strong rent-to-income positioning suggests manageable affordability pressure that can aid retention and collections.
Three-mile demographics point to recent population growth with additional gains projected, expanding the tenant base and supporting long-run leasing stability. While relatively accessible ownership in the area can introduce some competition, the neighborhood’s higher renter concentration and steady amenity base (parks, childcare, grocery) reinforce durable rental demand for well-managed multifamily.
- 1994 vintage newer than local average, supporting competitive positioning with selective value-add upside
- Renter concentration in the top quartile among metro neighborhoods deepens the tenant pool
- Rent-to-income dynamics indicate manageable affordability pressure that can support retention
- Population growth within 3 miles expands demand, aiding occupancy stability over time
- Risk: Accessible ownership options may compete at the margin—underwrite concessions and renewal strategies accordingly