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12036 State Highway 64 Tyler, TX $ 2,350,000
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$ 2,350,000 Get more info
12036 State Highway 64
$ 2,350,000
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New Construction
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12036 State Highway 64

Tyler, TX, 75704
$ 2,350,000
Bedrooms14 Baths14.0

Monthly Estimate*

$ 16,415

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Multi-Family Home for sale in Tyler, TX

for $2,350,000 with 14 bedrooms and 14 full baths. This home was built in 2024 on a lot size of 1.194.

Newly renovated & constructed 14-unit multi-family investment opportunity on Hwy 64 just outside of Tyler's West Loop 323. Construction of three remaining structures expected by early Summer 2024 — already lined-up with tenants. Fantastic passive income opportunity in Tyler, TX. Close to many commercial retailers, Tyler High School, and Walmart Supercenter. The property includes 1 single family home, 3 duplexes, and 7 luxury cottages for a total of 9,936 leasable sqft. 3 cottages still under construction—May or June 2024 completion (tenants pre-approved for move-in upon completion). Annual Pro Forma Metrics: $182,923 Effective Rental Income (3% Vacancy); $129,931 NOI; 5.5% CAP. Currently 100% occupied and ready to cash flow upon construction completion. Reach out to the agent for financial documents and more unit details.

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Multi-Family Active

Price

$ 2,350,000

Bedrooms

14

Full Bath

14

Property Type

Multi-Family

Taxes

$ 0

Style

Multiple Single Units

Lot Size

1.194

Year Built

2024

Town/City

Tyler

County/Region

Smith

MLS | Web ID

20571800
Features
Interior
Interior Features Other Paneling
Flooring Vinyl
Occupancy Rate 100
Total Units 14
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General
Heating Central Electric
Complex Name NA
Cooling Central Air Electric
Utilities Cable Available City Sewer City Water Electricity Connected
Possession Closing/Funding
Roof Composition Metal
Appliances Electric Oven Electric Range Microwave Refrigerator
School District Tyler ISD
Pool Y/N 0
Year Built 2024
Levels One
Property SubType Multiple Single Units
Subdivision Name NA
County Smith
Property Type Residential Income
Construction Materials Brick Siding Wood See Remarks
Year Built Details New Construction - Incomplete
HOA Type None
# of Buildings 11
Status Active
Directions From the intersection of West Loop 323 and St Hwy 64 in Tyler head west on St Hwy 64. Continue for about 1.35 miles and property will be on the right.
City Tyler
Buyer Agent Compensation 3
Elementary School Name Dixie
High School Tyler
Street Name State Highway 64
Elementary School Dixie
Standard Status Active
Buyer Agent Compensation Type %
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Exterior
Fencing Partial Wood
Parking Features Off Street On Site Paved Varies by Unit
Foundation Pillar/Post/Pier Slab Other
Building Area Total 9936.00
Garage Y/N 0
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Internal Only
Street Number 1 12036
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* Excluded Features
List By
Matthew Marshall

Listing Agent

Drake Real Estate & Investment

Broker

Affordability Calculator

$16,415
Per Month
100%
0%
0%
Monthly Principal & Interest
$16,415
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
285494 Elementary School
3672463 Middle School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/27/2024$2,350,000 Listed Price

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12036 State Highway 64, Tyler, TX, 75704 is a Multi-Family Home for sale at $2,350,000 with a lot size of 1.194. 12036 State Highway 64 has 14 bedrooms, 14.0 baths, and was built in 2024. The property's zip code is 75704 which is in Tyler, TX

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