1212 Centennial Trl Tyler, TX 75703
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Residential income homes
Property Details for 1212 Centennial Trl
- Year built
- 2023
- Lot size
- 0.41 lot acres
- Property type
- Residential income homes
- Property subtype
- Apartment buildings
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
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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
- -95.2901
- Latitude
- 32.2439
