Property Details
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Beth Shearon
Peerless Realty Group
License number: 0567728
mobile: (817) 408-5432
www.bethshearon­tx.net
1208 E Fall Creek Hwy
Granbury, TX 76049
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12036 State Highway 64, Tyler, Texas 75704, USA
List Price: $2,350,000
Sale price per sqm: 0 $
Status: ACT
MLS#: 20571800
Property type: Residential For Sale, Multi-Family, Multi Family
Land size: 1.19 sqft (0.11 m2)
Building Size: 9,936 sqft (923.1 m2)
Property Details
2024 Year Built:
Brick, Siding Construction:
Siding, Wood Exterior Description:
Under Construction Condition:
Refrigerator, Microwave, Oven-Electric Appliances:
Porch-front, Covered Patio Property Features:
Paneling Interior Description:
vinyl Floors:
city water, City sewer Utilities:
Central, Electric Heating System:
Central, Electric Cooling System:
On Slab Basement and Foundation:
composition, Metal Roofing:
Wood Fencing:
Parking / Garage
14 Number of parking spaces:
School Information
Tyler ISD School District:
Dixie Elementary School:
Tyler High School:
Boulter Middle School:
Remarks
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.


Listing by: Drake Real Estate & Investment



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