Courtesy of: Matthew Marshall, Drake Real Estate & Investment, land@draketexas.com
Courtesy of: Matthew Marshall, Drake Real Estate & Investment, land@draketexas.com
$2,350,000
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Lot: 1.19 Acres
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Other
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$2,350,000
12036 State Highway 64 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.
Courtesy of: Matthew Marshall, Drake Real Estate & Investment, land@draketexas.com
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