12036 State Highway 64
Tyler,
TX
75704
Property Details
List Price: |
$2,350,000 |
Beds: |
-- |
Baths: |
3 |
Status: |
Active |
SqFt: |
9936 |
Agency: |
Drake Capital, LLC dba Drake Real Estate & Investm |
Description/Comments
Lot Size: |
1 acre(s) |
Property Type: |
MultiFamily |
Year Built: |
2024 |
Notes: |
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. |
MlsNumber: |
24004151 |
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Listing Provided By: |
Drake Capital, LLC dba Drake Real Estate & Investm, original listing |
Name: |
Drake Capital, LLC dba Drake Real Estate & Investm |
Phone: |
(903) 581-3737 |
Office Name: |
Drake Real Estate & Investments |
Office Phone: |
(903) 581-3737 |
Agent Name: |
Fischer Davis |
Disclaimer: |
Copyright © 2024 Greater Tyler Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |