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1320 W Oakwood, Tyler, TX 75702

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For Sale

$275,000

3 baths • 2,260 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

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

  • $121.68
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Tri-Plex. Three units on large lot with room for possible 5-7 more units. Zoned "R MF" Multi-Family Residential - 3 or more units per lot - Max allowed number of units is 24 per acre. 3 bedroom brick house Plus 2 bedroom two story apt Plus 1 bedroom efficiency apt Smith County Appraisal Shows 1446 sq ft. According to owner current sq ft is 2260 including all three buildings. 3 bedroom Brick unit - 1074 sq ft. Garage apt (2 story) - 863 sq ft. Efficiency 1 Br Freestanding Building - 323 sq ft. Appraisal District shows build date as 1934 for front building and 1948 for garage apt. Efficiency apartment was built later and is not shown on SCAD. Three bedroom brick house has just undergone a metamorphosis: Recent Updates: New gas and sewer lines Electrical Updated New Vinyl Double Pane Low-E Windows & sliding patio door Drywall removed and insulation added to walls and ceilings New drywall installed walls and ceilings and totally painted Original Oak Floors sanded, restained and sealed Kitchen remodeled with new flooring, new cabinets, new plumbing, new oversize sink and new countertops. Bathroom remodeled with new floor, new bathtub, new cabinets, etc. Painted inside and out. New Stockade Fence for privacy 3 bedroom house is rented for $1,350.00 mo Garage Apt 2 bedroom is leased $925.00 Efficiency 1 bedroom is leased at $695.00. Total Gross Rents: $2.970.00 monthly $35,640.00 annual gross rents Lot is Zoned R MF Multi-Family Residential - 3 or more units on lot - Max 24 units per acre. It could be possible to add several additional units on this lot under this zoning.
MLS# 24005464

Courtesy Of Miller Homes Group

(903) 504-5474

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Porch, Patio, Ceiling Fan, Cable Ready
  • Appliances
    Oven
  • Architecture Style
    Other
  • Cooling System
    Window Unit(s) A/C
  • Exterior Type
    Brick Veneer, Brick and Wood, Wood
  • Floor Covering
    Vinyl, Wood
  • Heating System
    Space Heater
  • Lot Size
    0.43 Acres
  • Roof Type
    Composition Shingle
  • Rooms
    Dining Room, Full Bath, Living Room

Map and Directions

Directions to 1320 W Oakwood, Tyler, TX 75702

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† 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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