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    1212 Centennial Trl Tyler, TX 75703

    For Sale
    $1,249,000

    4-Unit Multifamily Income Property

    Property size:
    8,139 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 4-unit condominium complex, built in 2023, presents a compelling owner-user and investment opportunity in Tyler, Texas. Located at 1212 Centennial Trail, this property boasts 8,139 square feet on a 0.41-acre lot, zoned MF. Each of the four units offers a spacious layout, including large living rooms with fireplaces, flowing into dining areas. Convenient half bathrooms and laundry rooms with hookups are located downstairs. Upstairs, the master suites feature private balconies, double sinks, large showers, and walk-in closets. Two additional bedrooms and a full bathroom complete the upper level. Each unit includes a new hot water heater and a two-car garage. Exterior features include a private fenced backyard with a gas hookup. The property is situated within a secure, gated community, enhancing safety and peace of mind. Currently, 25% occupied with an occupancy date of May 17, 2024, this presents a strong potential for rental income. The complex's prime location offers proximity to Christus Hospital, the Village at Cumberland Park for shopping and dining, and easy access to major roadways like Broadway Avenue and Toll 49. Advanced security systems are installed in each unit. The asking price is $1,249,000, or $312,250 per unit, with a price per square foot of $153.46. This two-story building represents a rare opportunity to acquire a modern, well-located multifamily property in a thriving Texas market.

    Property Features for 1212 Centennial Trl

    General Information

    Property type
    Multifamily properties
    Square Feet
    8,139 SF
    Lot Size
    17,860 SF

    Building Details

    Year Built
    2023
    Buildings
    1
    Stories
    2
    Units
    4

    HighLights

    • 25% occupied, with three units available for lease, occupancy date May 17, 2024.
    • Four‑unit, 8,139 sq ft condominium complex on a 0.41‑acre lot in Tyler, TX.
    • Gated community with advanced security systems in each unit.
    • Each unit features large walk‑in closets and a two‑car garage.
    • Spacious floor plans include fireplaces, private balconies in master suites, and in‑unit laundry hookups.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Food Market Pharmacy Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.2900559
    Latitude
    32.2439469

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    FAQs

    What type of property is this?
    Multifamily property - 4-Unit Multifamily Income Property
    Where is this multifamily property located?
    The property is located at 1212 Centennial Trl Tyler, TX.
    What is the asking price?
    The asking price for this property is $1,249,000.
    What are key features of this property?
    This property features: 25% occupied, with three units available for lease, occupancy date May 17, 2024.; Four-unit, 8,139 sq ft condominium complex on a 0.41-acre lot in Tyler, TX.; Gated community with advanced security systems in each unit.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1212 Centennial Trl Tyler, TX 75703
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