x
Showing 1 of 0
X
Save

12036 State Highway 64
Tyler TX 75704 US

$2,350,000

Active Listing ID 20571800
lot icon
Lot: 1.19 Acres
home icon
Other

$2,350,000

Active Listing ID 20571800
Save

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.

Collapse all

Property Features

  • Facts
  • Lot Size: 1.19 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Exterior Finish: Fence
  • Floor Covering: Vinyl
  • Roof Type: Composition, Metal
  • Heating Fuels: Central Furnace, Fireplace
  • Additional Features
  • Fireplace

School Information

  • School
  • Dixie(Elementary)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 2350000
  • unparsedaddress: 12036 State Highway 64
  • postalcity: Tyler
  • stateorprovince: TX
  • country: US
  • postalcode: 75704
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 1.194
  • lotsizeunits: Acres
  • lotsizearea: 1.194
  • livingareaunits: Square Feet
  • latitude: 32.359046
  • longitude: -95.365922
  • listagentfullname: Matthew Marshall
  • listagentemail: land@draketexas.com
  • listagentkey: 3yd-NTREIS-0544812
  • listagentmlsid: 0544812
  • listagentpreferredphone: 9035813737
  • listagentofficephone: 9035813737
  • listofficekey: 3yd-NTREIS-DRAK01
  • listagentstatelicense: 0544812
  • listofficemlsid: DRAK01
  • disclaimer: Copyright © 2024 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: NTREIS
  • yearbuilt: 2024
  • listagenturl: http://www.draketexas.com
  • countyorparish: Smith
  • parcelnumber: R041309
  • elementaryschool: Dixie
  • appliances: Microwave, Range, Refrigerator
  • constructionmaterials: Brick, See Remarks
  • flooring: Vinyl
  • heating: Central Furnace, Fireplace
  • fireplaceyn: True
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 14
  • parkingfeatures: Off Street, Paved or Surfaced
  • roof: Composition, Metal
  • waterfrontyn: False
  • interiorfeatures: Paneling
  • exteriorfeatures: Fence
  • architecturalstyle: Other
  • poolprivateyn: False
  • spayn: False
  • fencing: Fenced
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -95.365922, 32.359046
  • customfields: {"AlternatePrices":[], "Expenses":[], "Neighborhoods":[], "Taxes":[], "ListPriceCurrencyType":"USD", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/12036-State-Highway-64-W_Tyler_TX_75704_M89508-77719?f=listhub&s=NTREIS&m=20571800&c=rexren", "LeadRoutingEmail":"land@draketexas.com", "BrokerName":"Drake Real Estate & Investment", "ListingTitle":"Multiple Single Units - Tyler, TX", "ListOfficeBrokerMlsId":"0544812", "ListOfficeEmail":null, "ListOfficeAddress1":"11621 Cr 166", "ListOfficeAddress2":null, "ListOfficeCity":"Tyler", "ListOfficePostalCode":"75703", "ListOfficeStateOrProvince":"TX", "ListOfficeCountry":"US", "BuilderPhone":null, "BuilderFax":null, "BuilderEmail":null, "UnparsedAddress":null, "UnitNumber":null, "City":null, "StateOrProvince":null, "PostalCode":null, "Country":null, "ListBrokerageName":"Drake Real Estate & Investment", "ListBrokeragePhone":"(903) 581-3737", "ListBrokerageEmail":null, "ListBrokerageWebsiteUrl":null, "ListBrokerageLogoUrl":null, "ListBrokerageUnparsedAddress":"103 Baylor Drive", "ListBrokerageUnitNumber":null, "ListBrokerageCity":"Tyler", "ListBrokerageStateOrProvince":"TX", "ListBrokeragePostalCode":null, "ListBrokerageCountry":"US", "RoomCount":null, "GeocodeOptions":null, "MLSModificationTimestamp":"2024-03-27T19:10:21Z"}
Listing Changed: 3/28/2024 12:57:54 AM GMT
Source Updated Date: 5/25/2024 6:47:45 AM GMT

Courtesy of: Matthew Marshall, Drake Real Estate & Investment, land@draketexas.com

Copyright © 2024 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

}