12036 State Highway 64, Tyler, TX 75704
- Residential income homes
- 9,936 SF
- 1.19 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 12036 State Highway 64
- Year built
- 2024
- Lot size
- 1.19 lot acres
- Property type
- Residential income homes
- APN
- R041309
Description
This exceptional Class A multifamily investment opportunity presents a portfolio of 14 units situated on a 1.194-acre lot at 12036 State Hwy 64 in Tyler, Smith County, Texas, zip code 75704. The property, built and renovated in 2024, boasts 9,936 square feet of net rentable space, comprising one single-family home, three duplexes, and seven luxury cottages. Currently operating at 100% occupancy, this turnkey investment offers immediate cash flow. The property features a new gravel driveway, private entrances, a mix of covered and uncovered parking, and individual mailboxes. Financial projections for 2024 indicate a gross annual income of $188,580 and a net operating income (NOI) of $160,880, resulting in a projected cap rate of 7.48%. The asking price is $2,150,000, translating to a price per square foot of $216.38 and a price per unit of $153,571.43. The property's strategic location on Hwy 64, near Tyler High School and a Walmart Supercenter, benefits from an average daily traffic count of 15,853 vehicles. This low-maintenance, high-demand property represents a compelling investment opportunity with significant potential for long-term growth and passive income. The property's APN is R041309.
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Location Insight
- Map
- Local Demand
- City
- Tyler
- County
- Smith
- State
- Texas
- Longitude
- -95.366006
- Latitude
- 32.3585224
