12036 State Highway 64, Tyler, TX

$2,350,000

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9,936

Square feet

1.19

Acres

About 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 / 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.

Features of 12036 State Highway 64

MLS® # 24004151
Price $2,350,000
Square Footage 9,936
Square Footage Owner
Acres 1.19
Year Built 2024
Type MULTI-FAMILY
Sub-Type Duplex
Status Active

Community Information

Address 12036 State Highway 64
Subdivision NA
City Tyler
County Smith
State TX
Zip Code 75704

Amenities

Utilities Other/See Remarks
Features Taxes, Lawn Care, Insurance, Water/Sewer/Trash, Maintenance Repairs
Parking 1 Or More Per Unit, Paved Areas
Is Waterfront No
Has Pool No

Interior

Interior Vinyl
Interior Features Other/See Remarks
Appliances Range/Oven-Electric, Microwave, Refrigerator
Heating Central Electric
Cooling Central Electric, Other/See Remarks
Fireplace No
Fireplaces None
Stories 1 Story
Has Basement No

Exterior

Exterior Features Porch, Patio Covered
Roof Composition, Aluminum/Metal
Construction Brick and Wood, Wood/ Frame, Siding, New Construction, Other/See Remarks
Foundation Pier and Beam, Slab, Other/See Remarks

School Information

Elementary Dixie
Middle Boulter
High Tyler High

Additional Information

Date Listed November 30th, -0001
Days on Market 112
Zoning Single Family
Foreclosure No

Listing Details

AgentFischer Davis
OfficeDrake Real Estate & Investments

Listing Map

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