12036 State Highway 64, Tyler, Texas 75704

9,936 Sqft - 12036 State Highway 64, Tyler, Texas 75704

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Property Description

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.

Basic Details
Property Type : Duplex
Listing Type : For Sale
Listing ID : 24004151
Price : $2,350,000
Square Footage : 9,936 Sqft
Year Built : 2024
Lot Size : 1.19 Acre
Status : Active
Property Sub Type : For Sale
Features
Heating and Cooling : Central Electric
Cooling System : Central Electric, Other/see Remarks
Roof Deck : Composition, Aluminum/metal
Pets YN : Yes
Exterior Features : Patio Covered, Porch
Fencing : Wood Fence
Interior Features : Other/see Remarks
Flooring : Vinyl
Address Map
Street : State Highway 64
Street Number : 12036
Neighborhood
Elementary School : Dixie
Middle School : Boulter
High School : Tyler High
MLS Addon
Listing Brokerage : Drake Real Estate & Investments
List Office MLSID : 743
Address : 12036 State Highway 64
Subdivision Name : Indian Hills Subd
List Price/Square Foot : $0
WATER : Public
LA1Agent First Name : Fischer
LA1Agent Last Name : Davis
List Agent MLSID : 8780
Duplex For Sale
  • Listing ID : 24004151
  • Square Footage : 9,936 Sqft
  • Visits : 11 in 34 days
  • Drake Real Estate & Investments
$2,350,000
Agent info
Contact Agent