12036 State Highway 64 Tyler, TX 75704
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountySmith
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site40 Days
- MLS StatusActive
- MLS ID Number20571800
- Home Size Source Owner
- Year Built2024
- Lot Size1.194 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction BrickSee Remarks
- Parking Off StreetOn SitePavedVaries by Unit
- Number of Stories 1
- Acreage 1.194
- Property Sub Type Multi Family
- Utilities Cable AvailableElectricity Connected
- Foundation Pillar/ Post/ PierSlabOther
- Listing Conditions Standard
Interior Features
- Cooling Central AirElectric
- Heating CentralElectric
- Appliances Electric OvenElectric RangeMicrowaveRefrigerator
- Flooring Vinyl
- Interior OtherPaneling
- Fireplace Features None
- Fireplace No
Exterior Features
- Roof CompositionMetal
- Fencing PartialWood
- Waterfront Property No
- Patio And Porch CoveredFront Porch