Tenant-Occupied Townhome
5875 Creekside Circle Tyler, TX 75703
5875 Creekside Circle, Tyler, TX, 75703
$875,000
For Sale
$875,000
Investor package includes five tenant-occupied townhomes plus two vacant lots, with viewings scheduled after contract acceptance.
Property Size6,463 SF
Price / SF$135.39
Days on Market106
Property Features for 5875 Creekside Circle
General Information
- Standard status
- Active
- Size
- 6,463 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1984
Listing agency
Coldwell Banker Apex - Tyler
(903) 312-1051
Listed by
Robin Liles · License #0529975
Source
Compass
Added: Apr 8 Updated: Jul 22 at 5:43AM Checked: Jul 22 at 5:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Apex - Tyler
Investment Insights
Based on property information with market context.
This investor package consists of five tenant-occupied townhomes and two vacant lots. The public remarks indicate the units feature great floor plans and that leases tend to move quickly when vacancies occur. Viewings are scheduled after an accepted contract and during the due diligence period, and there is no sign in the yard; please do not disturb tenants.
The property is located at 5875 Creekside Circle in Tyler, Texas, on Creek Side Circle off Hollytree Drive between Grande and Rice Road, per the provided information.
Please contact the listing agent for additional photos and more information on the current configuration and package details.
The property is located at 5875 Creekside Circle in Tyler, Texas, on Creek Side Circle off Hollytree Drive between Grande and Rice Road, per the provided information.
Please contact the listing agent for additional photos and more information on the current configuration and package details.
Key Highlights
- Investor package: 5 tenant‑occupied townhomes plus 2 vacant lots on Creek Side Circle off Hollytree Drive
- All units are tenant occupied; viewings scheduled after an accepted contract and during due diligence
- Townhomes built in 1984
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $104.7k | $16.20 |
| − Vacancy | −$5.2k | −$0.81 |
| EGI | $99.5k | $15.39 |
| − OpEx | −$44.8k | −$6.93 |
| NOI | $54.7k | $8.46 |
6,463 SF · lease $16.20/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$781.5K
$683.8K – $911.8K
NOI $54,706 @ 7.0% cap · market cap 6.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,976 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Investor package includes five tenant-occupied townhomes plus two vacant lots, with viewings scheduled after contract acceptance.
Where is this apartment building located?
The property is located at 5875 Creekside Circle Tyler, TX.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Investor package: 5 tenant‑occupied townhomes plus 2 vacant lots on Creek Side Circle off Hollytree Drive; All units are tenant occupied; viewings scheduled after an accepted contract and during due diligence; Townhomes built in 1984
