Current Use by Public Records
- Residential income homes
Property Details for 75702 75703
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a portfolio of 38 single-family rental homes located in Tyler, Texas. Situated in Smith County, these properties boast a combined 50,261 square feet, offering a compelling $6,608,000 asking price, or $166,000 per unit. The portfolio generates a substantial net operating income (NOI) of $487,151, translating to an attractive 7.72% capitalization rate and a price per square foot of $125.50. The properties are spread across Tyler, TX zip codes 75701, 75702, and 75703, offering a diverse range of floor plans. Tyler's strategic location, just 90 miles east of Dallas, benefits from proximity to Interstate 20 and a regional airport with daily connections to Dallas/Fort Worth International Airport. This thriving East Texas city, part of Texas's fastest-growing metro area, boasts a population exceeding 225,000, fueling consistent demand for housing. The portfolio's strong performance is further enhanced by the potential for rent increases and its designation as an Opportunity Zone. This fee-simple ownership opportunity allows for the purchase of the entire portfolio or individual groups (see brochure for details). This is a rare chance to acquire a significant, high-performing rental portfolio in a rapidly expanding market.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tyler
- County
- Smith
- State
- Texas
- Longitude
- -95.2998
- Latitude
- 32.3244
