12036 State 64 Highway
Tyler, TX 75704
/ Na
MLS ID# 20571800 Active
Multiple Single Units
$2,350,000
Details for 12036 State 64 Highway, Tyler TX 75704
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 and Details
- Category Multi-Family
- Type Multiple Single Units
- Area/Neighborhood Na
- County Smith
- Acreage 1.194 Acres
- MLS ID# 20571800
- Year Built 2024
- Garage Capacity 0
- Living Area 0 sqft
- Room Name Size
- Complex Name
- NA
- Construction
- Brick, Siding, Wood, See Remarks, Composition, Metal, Pillar/Post/Pier, Slab, Other
- Heating/Cooling
- Central, Electric, Central Air,Electric
- Association Fee
- None
- Fencing
- Partial, Wood
- Flooring
- Vinyl
- Green Features
- Green Verification Count: 0
- Interior Features
- Other, Paneling
- Parking
- Off Street, On Site, Paved, Varies by Unit
- Utilities
- Cable Available, City Sewer, City Water, Electricity Connected
- Year Built
- 2024, New Construction - Incomplete
- Gross Annual Expenses
- 62515.00
- Gross Annual Income
- 182923.00
- Net Operation Income
- 129931
- # of Buildings
- 11
- OccupancyRate
- 100
Units Details
- Dimensions
- Living Area: 1x1
- Lease
- $1250
- # Units
- 1
- SqFt
- 1176
- Dimensions
- Living Area: 1x1
- Lease
- $1250
- # Units
- 6
- SqFt
- 900
- Dimensions
- Living Area: 1x1
- Lease
- $995
- # Units
- 7
- SqFt
- 480