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12036 State Highway 64

Tyler, TX 75704
  • $2,350,000
  • STATUS: Active
  • ON SITE: 23 Days
  • MLS #: 24004151
$2,350,000
  • 0
    BEDS
  • 1.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,936
    SQFT
  • $237
    $/SQFT
Neighborhood:
Na
Type:
Multi-Family
Built:
2024
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Newly renovated/constructed 14-unit multi-family investment opportunity on Hwy 64 just outside of Tyler's West Loop 323. Construction of three remaining structures expected by early Summer 2024 " already lined-up with tenants. Fantastic passive income opportunity in Tyler, TX. Close to many commercial retailers, Tyler High School, and Walmart Supercenter. The property includes 1 single family home, 3 duplexes, and 7 luxury cottages for a total of 9,936 leasable sqft. 3 cottages still under construction"May / June 2024 completion (tenants pre-approved for move-in upon completion). Annual Pro Forma Metrics: $182,923 Effective Rental Income (3% Vacancy) | $129,931 NOI | 5.5% CAP. Currently 100% occupied and ready to cash flow upon construction completion. Reach out to the agent for financial documents and more unit details.

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[Greater Tyler Association Of Realtors MLS] logo The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the Greater Tyler Association of REALTORS® Multiple Listing Service. The IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. This information is deemed reliable, but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-04-04T00:29:42.737.
www.deemartinsells.com/homes/148886724
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12036 State Highway 64 Tyler, TX 75704

  • Price: $2,350,000
  • Status: Active
  • On Site: 23 Days
  • MLS #: 24004151
0
Beds
0
Baths
0
½ Baths
1.19
Acres
9,936
SQFT
$237
$/SQFT
2024
Built
Neighborhood:
Na
County:
Smith
Area:
Smith
Elementary School:
Dixie
Middle School:
Boulter
High School:
Tyler High
Property Description
Newly renovated/constructed 14-unit multi-family investment opportunity on Hwy 64 just outside of Tyler's West Loop 323. Construction of three remaining structures expected by early Summer 2024 " already lined-up with tenants. Fantastic passive income opportunity in Tyler, TX. Close to many commercial retailers, Tyler High School, and Walmart Supercenter. The property includes 1 single family home, 3 duplexes, and 7 luxury cottages for a total of 9,936 leasable sqft. 3 cottages still under construction"May / June 2024 completion (tenants pre-approved for move-in upon completion). Annual Pro Forma Metrics: $182,923 Effective Rental Income (3% Vacancy) | $129,931 NOI | 5.5% CAP. Currently 100% occupied and ready to cash flow upon construction completion. Reach out to the agent for financial documents and more unit details.
Exterior Features

Construction Brick and WoodWood/ FrameSidingNew ConstructionOther/See Remarks Driveway ConcreteGravel Exterior Features Patio CoveredPorch Fencing Wood Fence Multifamily Parking 1 Or More Per UnitPaved Areas Roof CompositionAluminum/Metal Water View No Waterfront No

Interior Features

Baths Unit1 1 Baths Unit2 1 Baths Unit3 1 Bedrooms Unit1 2 Bedrooms Unit2 1 Bedrooms Unit3 2 Cooling Central ElectricOther/See Remarks Fireplace None Flooring Vinyl Heating Central Electric Interior Features Other/See Remarks Kitchen Equipment Range/Oven-ElectricMicrowaveRefrigerator Levels 1 Story Living Room Unit1 Yes Living Room Unit2 Yes

Property Features

Documents On File Other/See Remarks Energy Efficiency Foam Insulation Foreclosure Or Bank Owned No Foundation SlabPier and BeamOther/See Remarks Individual Meters Other/See Remarks Lake Community No Multifamily Type Duplex Owner Expenses TaxesInsuranceWater/Sewer/TrashMaintenance RepairsLawn Care Sewer Public Sewer Short Sale YN No Sq Ft Source Owner Taxes NA Tenant Pays ElectricCable Under Construction Yes Water Public

Listing provided courtesy of Fischer Davis of Drake Real Estate & Investments: . Listing information © 2024 Greater Tyler Association of REALTORS® Multiple Listing Service.


[Greater Tyler Association Of Realtors MLS] logo The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the Greater Tyler Association of REALTORS® Multiple Listing Service. The IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. This information is deemed reliable, but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-04-04T00:29:42.737.
 
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Dee Martin Realty Group | Re/Max Tyler
3930 Old Bullard Rd.
Tyler TX, 75701