5 bedroom house for sale

Tyler TX 75704

Overview

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 constructionMay / 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

  • Beds: 5
  • Baths: 3
  • Price: $2,350,000
  • Reference No.: 69885400
  • Area: 9,936 sqft

Location

Tyler TX 75704

5 bedroom house for sale

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2024-03-28, Viewed 0 times.