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Property profile

6854 Lazy Vale Ct Tyler, TX 75703

OFF-MARKET
Residential income homes
14,980 SF Built 2024
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Property summary

AI-generated overview

This exceptional investment opportunity presents a portfolio of four newly constructed duplexes in Tyler, Texas, totaling eight units and boasting 14,980 square feet of net rentable space. Built in 2024, the property currently enjoys 100% occupancy, generating a substantial net operating income (NOI) of $193,658, representing a compelling 6.15% capitalization rate. Each duplex features two units, meticulously designed with open-concept living areas, abundant natural light, and high ceilings. Gourmet kitchens are equipped with stainless steel appliances, quartz countertops, and custom cabinetry. Units include two or three generously sized bedrooms, with master suites offering en-suite bathrooms and walk-in showers. All units benefit from fenced backyards maintained by the HOA, attached two-car garages, and additional parking. The property's prime location offers convenient access to shopping, schools, parks, and public transportation. Future neighborhood amenities will include a pool, pond, and walking/biking trails. Additional lots are available for future expansion, presenting significant potential for growth and increased returns. The asking price for this turnkey investment is $3,150,000, offering strong cash flow and long-term appreciation potential. The average rent rate is $1.49 per square foot. This property is ideal for investors seeking a high-performing, low-maintenance multifamily asset in a thriving Texas market.

Property profile

Verified
Property type Residential income homes
Year built 2024
Total area 14,980 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6854 Lazy Vale Ct Tyler, TX 75703
Tyler metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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