Storrie Ferrell
Cell: 2145635181
12036 State Highway 64, Tyler, 75704, TX
$2,350,000
0 Bed
0 Bath
1.19 Acres
0 Garage
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 or 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.
Essential Information
MLS® #20571800
Price$2,350,000
Bathrooms0.00
Acres1.19
Year Built2024
TypeResidential Income
Sub-TypeMulti Family
StatusActive
Community Information
Address12036 State Highway 64
SubdivisionNA
CityTyler
CountySmith
StateTX
Zip Code75704
Amenities
Parking Spaces14
Utilities
Cable Available, City Sewer, City Water, Electricity Connected
Garages
Off Street, On Site, Paved, Varies by Unit
Interior
Interior FeaturesOther, Paneling
HeatingCentral, Electric
FireplacesNone
Exterior
RoofComposition, Metal
FoundationPillar/Post/Pier, Slab, Other
Construction
Brick, Siding, Wood, See Remarks
School Information
DistrictTyler ISD
ElementaryDixie
MiddleBoulter
HighTyler
Listing Details
AgentMatthew Marshall
OfficeDrake Real Estate & Investment
Contact903-581-3737
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Listing information last updated on May 19th, 2024 at 2:45pm CDT.
