About 12036 State Highway 64
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.
Features of 12036 State Highway 64
| MLS® # | 20571800 |
|---|---|
| Price | $2,350,000 |
| Bathrooms | 0.00 |
| Acres | 1.19 |
| Year Built | 2024 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 12036 State Highway 64 |
|---|---|
| Subdivision | NA |
| City | Tyler |
| County | Smith |
| State | TX |
| Zip Code | 75704 |
Amenities
| Utilities | Cable Available, City Sewer, City Water, Electricity Connected |
|---|---|
| Parking Spaces | 14 |
| Garages | Off Street, On Site, Paved, Varies by Unit |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Other, Paneling |
|---|---|
| Heating | Central, Electric |
| Fireplace | No |
| Fireplaces | None |
Exterior
| Roof | Composition, Metal |
|---|---|
| Construction | Brick, Siding, Wood, See Remarks |
| Foundation | Pillar/Post/Pier, Slab, Other |
School Information
| District | Tyler ISD |
|---|---|
| Elementary | Dixie |
| Middle | Boulter |
| High | Tyler |
Listing Details
| Agent | Matthew Marshall |
|---|---|
| Office | Drake Real Estate & Investment |
| Contact Info | 903-581-3737 |