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12036 State Highway 64
Tyler, TX 75704

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Property Details


List Price: $2,350,000
Beds: --
Baths: 3
Status: Active
SqFt: 9936
Agency: Drake Capital, LLC dba Drake Real Estate & Investm

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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


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.


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