12036 State Highway 64, Tyler, TX 75704 - MLS#20571800

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Debbie Waters

debbiewaters@ziglarrealty.com +1(972) 841-8461

$2,150,000

Est. payment - /mo

1.19 Acres Lot

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UPDATED:

07/17/2024 04:16 PM

Key Details

Property Type Single Family Home

Sub Type Multiple Single Units

Listing Status Active

Purchase Type For Sale

Subdivision Na

MLS Listing ID 20571800

HOA Y/N None

Total Fin. Sqft 9936

Year Built 2024

Lot Size 1.194 Acres

Acres 1.194

Property Description

100% occupied and newly constructed 14-unit multi-family investment opportunity on Hwy 64 just outside of Tyler's West Loop 323. Fantastic passive income opportunity in Tyler, TX. Close to many commercial retailers, Tyler High School, and Walmart Supercenter. See flyer for more details.

1 single family home, 3 duplexes, and 7 luxury cottages ? 9,936 leasable sqft.
New gravel driveway.
2024 Projected Financials: $188,580 Gross Annual Income; $160,880 NOI; 7.48% CAP.
100% occupied, low maintenance, turn-key, ready to cash flow.
Private entrance, mix of covered & uncovered parking pads, individual mailboxes.
15,853 Annual Average Daily Traffic.

Reach out to the agent for financial documents and more unit details.

Location

State TX

County Smith

Direction From the intersection of West Loop 323 and St Hwy 64 in Tyler, head west on St Hwy 64. Continue for about 1.35 miles and property will be on the right.

Interior

Interior Features Other, Paneling

Heating Central, Electric

Cooling Central Air, Electric

Flooring Vinyl

Fireplaces Type None

Appliance Electric Oven, Electric Range, Microwave, Refrigerator

Heat Source Central, Electric

Exterior

Fence Partial, Wood

Utilities Available Cable Available, City Sewer, City Water, Electricity Connected

Roof Type Composition,Metal

Garage No

Building

Story One

Foundation Pillar/Post/Pier, Slab, Other

Level or Stories One

Structure Type Brick,Siding,Wood,See Remarks

Schools

Elementary Schools Dixie

Middle Schools Boulter

High Schools Tyler

School District Tyler Isd

Others

Ownership MYRTLE CREEK PROPERTIES LLC

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Matthew Marshall • Drake Real Estate & Investment

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Debbie Waters

+1(972) 841-8461

Agent | License ID: 0623163

Agent License ID: 0623163