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100% occupied and newly constructed 14-unit multi-family investment opportunity on Hwy 64 just outside of Tyler's West Loop 323. Fantastic passive income opportunity in Tyler, TX. Close to many commercial retailers, Tyler High School, and Walmart Supercenter. See flyer for more details. 1 single family home, 3 duplexes, and 7 luxury cottages "” 9,936 leasable sqft. New gravel driveway. 2024 Projected Financials: $188,580 Gross Annual Income | $160,880 NOI | 7.48% CAP. 100% occupied, low maintenance, turn-key, ready to cash flow. Private entrance, mix of covered / uncovered parking pads, individual mailboxes. 15,853 Annual Average Daily Traffic. Reach out to the agent for financial documents and more unit details.
| DAYS ON MARKET | 242 | LAST UPDATED | 7/17/2024 |
|---|---|---|---|
| TRACT | NA | YEAR BUILT | 2024 |
| COUNTY | Smith | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | Dixie |
|---|---|
| Jr. High School | Boulter |
| High School | Tyler High |
| PRICE HISTORY | |
| Prior to Jul 17, '24 | $2,350,000 |
|---|---|
| Jul 17, '24 - Today | $2,150,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Oven, Electric Range, Microwave, Refrigerator |
| CONSTRUCTION | Brick, Wood Siding |
| HEAT | Central, Electric |
| LOT | 1.194 acre(s) |
| PARKING | Concrete, Gravel |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | NA |
| WATER | Public |
| ZONING | Single Family |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Fischer Davis, Drake Real Estate & Investments
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