12036 State Highway 64 Tyler, TX 75704
Multi-Family (2-4 Units)
MLS #: 24004151
Courtesy Of Drake Capital, LLC dba Drake Real Estate & Investments
$2,350,000
3 baths
|
9,936 sq ft
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Estimated monthly payments:
$10,273/mo.* (recalculate)
Property InformationDescription
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 / 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
- Age: New Construction, New Construction
- Amenities: Porch, Patio
- Appliances: Microwave, Oven, Refrigerator
- Architecture Style: Other
- Cooling System: Central A/C
- Exterior Type: Brick and Wood, Wood
- Floor Covering: Vinyl
- Heating Fuel: Electric
- Heating System: Central Furnace
- Lot Size: 1.19 Acres
- Roof Type: Metal
- Rooms: Full Bath, Living Room
MAP & DIRECTIONS
School Information
12036 State Highway 64, Tyler, TX 75704
Elementary School
Grades PK-5 |
Public School
DIXIE ELEMENTARY SCHOOL
Tyler, TX 75704
213 Patton Ln
903.262.2040
Distance: 0.5 mi
School Rating
C+
Student:Teacher Ratio
15:1
Total Students
562
Middle School
Grades 6-8 |
Public School
BOULTER MIDDLE SCHOOL
Tyler, TX 75702
2926 Garden Valley Rd
903.262.1390
Distance: 1.7 mi
School Rating
C-
Student:Teacher Ratio
15:1
Total Students
904
High School
Grades 9-12 |
Public School
TYLER HIGH SCHOOL
Tyler, TX 75702
3535 Lion Ln
903.262.2850
Distance: 1.2 mi
School Rating
C-
Student:Teacher Ratio
15:1
Total Students
2073
| Other Nearby Schools | Distance | Type | Grades | School Rating |
|---|---|---|---|---|
| Jones Elementary School | 1.9 mi | Public | PK-5 | C+ |
| Orr Elementary School | 2.1 mi | Public | PK-5 | D+ |
| Ramey Elementary School | 2.5 mi | Public | PK-5 | D- |
| Tyler Independent School District Early College High School | 2.6 mi | Public | 9-12 | A |
| Alvin V Anderson Rise Academy | 2.6 mi | Public | 9-12 | D |
| Premier High School Of Tyler | 2.7 mi | Public | 9-12 | D |
| All Saints Episcopal School | 2.9 mi | Private | PK-12 | |
| Peete Elementary School | 3.1 mi | Public | PK-5 | C- |
| Austin Elementary School | 3.2 mi | Public | PK-5 | C- |
| Griffin Elementary School | 3.8 mi | Public | PK-5 | C |
| Caldwell Arts Academy | 3.8 mi | Public | KG-8 | A- |
| Promise Academy | 3.9 mi | Private | KG-4 | |
| Birdwell School | 3.9 mi | Public | PK-6 | B |
| Hogg Middle School | 4.1 mi | Public | 6-8 | |
| Douglas Elementary School | 4.2 mi | Public | PK-5 | C+ |
| Good Shepherd School | 4.2 mi | Private | PK-11 | |
| Bonner Elementary School | 4.5 mi | Public | PK-5 | C |
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
Demographic Data
Tyler, TX 75704
| Median Age: | 37.2 |
|---|---|
| Married: | 52% |
| Number of Households: | 4,233 |
| Households with Children: | 35.7% |
Tyler, TX 75704
Demographic Data
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Occupancy Types
- 0 Vacant
- 0 Owned
- 0 Rented
-
Transportation to Work
- 0 Drive
- 0 Public Transportation
- 0 Walk / Bike / Other
- 0 Work at Home
Copyright © 2024 Greater Tyler Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
