6854 Lazy Vale Ct Tyler, TX 75703
- Residential income homes
- 14,980 SF
Current Use by Public Records
- Residential income homes
Property Details for 6854 Lazy Vale Ct
- Year built
- 2024
- Property size
- 14,980 SF
- Property type
- Residential income homes
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tyler
- County
- Smith
- State
- Texas
- Longitude
- -95.3468
- Latitude
- 32.2761
