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75704
12036 STATE HIGHWAY 64 W

12036 STATE HIGHWAY 64 W, Tyler, TX 75704, photo 1 of 5

12036 STATE HIGHWAY 64 W, Tyler, TX 75704, photo 2 of 5

12036 STATE HIGHWAY 64 W, Tyler, TX 75704, photo 3 of 5

12036 STATE HIGHWAY 64 W, Tyler, TX 75704, photo 4 of 5

12036 STATE HIGHWAY 64 W, Tyler, TX 75704, photo 5 of 5

Listed By Drake Real Estate & Investments, Fischer Davis

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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#

24004151

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.

Details for 12036 STATE HIGHWAY 64 W

Year Built

2024

Parking

No Info

Price / Sq Ft

$237

HOA

No Info

Cooling

Yes

Heating

Yes

On Website

37 Days

Acres

1.194

Interior

Appliances

Range/Oven-electric, Microwave, Refrigerator

Flooring

Vinyl

Interior Features

Other/See Remarks

Living Area

9,936 SqFt.

Building And Construction

Number Of Units Total

Property Sub Type

Multi Family

Property Type

Residential Income

Year Built

2024

Exterior And Lot

Exterior Features

Patio Covered, Porch

Lot Size Acres

1.194

Lot Size Square Feet

52011

Parking Features

1 Or More Per Unit, Paved Areas

Zoning

Single Family

Utilities

Cooling

Central Electric, Other/See Remarks

Heating

Central Electric

Area And Schools

City

Tyler

County Or Parish

Smith

Elementary School

Dixie

High School

Tyler High

Middle Or Junior School

Boulter

Subdivision Name

Financial Info

Buyer Agency Compensation^*

^*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Tax Annual Amount

Tax Year

2024

Price per square foot and days on website are not provided values and are calculated by RE/MAX.

Listing Office Drake Real Estate & Investments, 903-581-3737

MLS# 24004151

Updated 3:52AM - 5/2/2024

Listing Agent Fischer Davis, 903-205-8449

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the Greater Tyler Association of REALTORS® Multiple Listing Service. The IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is deemed reliable, but not guaranteed. Copyright © 2024 Greater Tyler Association Of Realtors. All rights reserved.

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