About 140 Fm 16 W
Investor Alert! This fully renovated Triplex is a rare find and a fantastic income-producing opportunity. Formerly a storefront/office with an attached apartment, the property has been completely reimagined into three residential units: a 1-bedroom, 1-bath, a 2-bedroom, 1-bath, and a 3-bedroom, 2-bath—perfect for a diverse tenant mix and strong rental returns. Each unit features stylish, updated finishes, and the property includes a large parking area and fully fenced backyards, enhancing both privacy and curb appeal. Situated near I-20 at the intersection of FM 14 and FM 16 in Red Springs, this property carries a Tyler address and is located within the Winona ISD. Whether you're an experienced investor or just starting out, this turnkey property checks all the boxes. And with room for expansion from the adjoining property, the potential here only continues to grow. Don't miss your chance to secure a property that’s already generating income and offers even more opportunity for the future!
Features of 140 Fm 16 W
| MLS® # | 25010618 |
|---|---|
| Price | $499,000 |
| Square Footage | 3,432 |
| Square Footage | CAD |
| Acres | 1.46 |
| Year Built | 1964 |
| Type | MULTI-FAMILY |
| Sub-Type | Triplex |
| Status | Active |
Community Information
| Address | 140 Fm 16 W |
|---|---|
| Subdivision | ABST A0377 C GREEN |
| City | Tyler |
| County | Smith |
| State | TX |
| Zip Code | 75707 |
Amenities
| Utilities | Individual Electric Meter, Individual Gas Meters, Individual Water Meters |
|---|---|
| Features | Insurance, Taxes |
| Parking | 1 Or More Per Unit, Paved Areas |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Central Electric |
|---|---|
| Cooling | Central Electric |
| Fireplace | No |
| Fireplaces | None |
| Stories | 1 Story |
| Has Basement | No |
Exterior
| Construction | Brick and Stone |
|---|---|
| Foundation | Slab |
School Information
| Elementary | Winona |
|---|---|
| Middle | Winona |
| High | Winona |
Additional Information
| Days on Market | 220 |
|---|---|
| Zoning | Commercial |
| Foreclosure | No |
Listing Details
| Agent | Ryan Major |
|---|---|
| Office | Keller Williams Realty-Tyler |