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$2,350,000
23 Days Online

12036 State Highway 64
Tyler, TX 75704

For Sale|Single Family Home|Active
0
Beds
0
Full Baths
0
Partial Baths
9,936
SqFt
$237
/SqFt
2024
Built
County:
Smith

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214-215-1561
12036 State Highway 6412036 State Highway 6412036 State Highway 6412036 State Highway 64
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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.

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Listing Snapshot
Price 
$2,350,000
Days Online 
23 Days
Bedrooms 
N/A
Inside Area (SqFt) 
9,936 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
1.194 Acres
Year Built 
2024
MLS® Number 
20571800
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Owner
Friends & Family
Recent Activity
3 weeks agoListing updated with changes from the MLS®
3 weeks agoListing first seen online
General Features
Parking 
Off StreetOn SitePavedVaries by Unit
Garage 
No
Levels 
One
Interior Features
Utilities 
Cable AvailableCity SewerCity WaterElectricity Connected
Interior Features 
OtherPaneling
Heating 
CentralElectric
Flooring 
Vinyl
Fireplace Features 
None
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Exterior Features
Roof 
CompositionMetal
Pool 
No
Fencing 
PartialWood
Schools
School District
Tyler ISD
Elementary School
Dixie
Middle School
Boulter
High School
Tyler
Listing courtesy of Matthew Marshall of Drake Real Estate & Investment 903-581-3737



© 2020 North Texas Real Estate Information Systems. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or NTREIS. The information being provided is for the consumer's personal, non-commercial use, and may not be reproduced, redistributed, or used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data Last Updated: 2024-04-19 04:30 PM CDT

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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