Listed By Drake Real Estate & Investment, Matthew Marshall
903-581-3737
12036 STATE HIGHWAY 64 W Tyler, TX 75704
$2,350,000
—
Bedrooms
—
Total Baths
—
Full Baths
9,936
Square Feet
1.19
Acres
2024
Year Built
Active
Status
MLS#
20571800
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.
Details for 12036 STATE HIGHWAY 64 W
*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Price per square foot and days on website are not provided values and are calculated by RE/MAX.
Listing Office Drake Real Estate & Investment, 903-581-3737
MLS# 20571800
Updated 5:20AM - 5/2/2024
Listing Agent Matthew Marshall
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