14195 County Road 192 Tyler, TX 75703
- Residential income homes
- 12,909 SF
Current Use by Public Records
- Residential income homes
Property Details for 14195 County Road 192
- Year built
- 2023
- Property size
- 12,909 SF
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a newly constructed, Class A, nine-unit multifamily property in desirable South Tyler, Texas. Comprising three triplex buildings totaling 12,909 square feet, this 2023-built portfolio boasts a current 100% occupancy rate with each unit commanding a monthly rent of $1,895. The property features a strong 4.32% cap rate and a net operating income (NOI) of $134,040, resulting in an attractive price per unit of $344,444.44 and a price per square foot of $240.14. The property is situated within a master-planned community and benefits from professional local management, ensuring a low-maintenance investment experience. Further expansion potential exists with three additional zoned lots already equipped with city sewer access, allowing for the construction of three more triplex buildings, significantly increasing the property's value and future income stream. The property is zoned for multi-family use and is located at 14195 County Rd 192, Tyler, TX 75703. This is a rare opportunity to acquire a high-performing, fully occupied multifamily asset with significant upside potential in a rapidly growing market.
Value Estimation
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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
- -95.3479317
- Latitude
- 32.2752598
