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12036 State Highway 64, Tyler, TX 75704

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For Sale

$2,350,000

1.19 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • 1.2 acres
    Lot size

  • New Construction
    Age

  • Fireplace
    Heating System

Explore this Property

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.
MLS# 20571800

Courtesy Of Drake Real Estate & Investment, Listed By Matthew Marshall

(903) 581-3737

Property Features

  • Age
    New Construction, New Construction
  • Appliances
    Microwave, Oven, Range - Electric, Refrigerator
  • Architecture Style
    Other
  • Cooling System
    Central A/C
  • Exterior Type
    Brick and Wood, Wood
  • Fireplace
    Fireplace
  • Floor Covering
    Vinyl
  • Heating Fuel
    Electric
  • Heating System
    Central Furnace, Fireplace
  • Lot Size
    1.19 Acres
  • Roof Type
    Metal

Map and Directions

Directions to 12036 State Highway 64, Tyler, TX 75704

Home seller CENTURY 21 First Group

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 First Group

(903) 882-1144
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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
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  • Property Taxes
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  • Hazard Insurance
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  • Private Mortgage Insurance
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  • HOA Dues
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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