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12036 State Highway 64, Tyler, TX 75704
$2,350,000
12036 State Highway 64, Tyler, TX 75704View this property at 12036 State Highway 64, Tyler, TX 75704
12036 State Highway 64TylerTX75704
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Property Description
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 / 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.
Full Property Details
Full Property Details for 12036 State Hwy 64
General
- Price: $2,350,000
- Taxes: (2024)
- Status: Active
- Type: Duplex
- MLS ID: 24004151
- Updated: 3/25/2024
- Added to Site: 69 day(s) ago
Interior
- Interior Features: Other/See Remarks
- Fireplace(s): None
- Appliances: Range/Oven-Electric, Microwave, Refrigerator
- Flooring: Vinyl
Rooms
Bathrooms
- Total Bathrooms: 3
Exterior
- Exterior Features: Patio Covered, Porch
Parking
- Parking: 1 Or More Per Unit, Paved Areas
Location
- County: Smith
- Subdivision: NA
- Driving 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.
School Information
- Elementary School: Dixie
- Middle School: Boulter
- High School: Tyler High
Heating & Cooling
- Cooling Type: Central Electric, Other/See Remarks
- Heating Type: Central Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Metering: Other/See Remarks
Structural Information
- Exterior Const.: Brick and Wood, Wood/ Frame, Siding, New Construction, Other/See Remarks
- Foundation: Other/See Remarks, Pier and Beam, Slab
- Roof: Composition, Aluminum/Metal
- Square Feet: 9,936
- Sq. Ft. Source: Owner
- Year Built: 2024
Unit Information
Unit 1
- Unit Description: Living Room
- Total Bathrooms: 1
- Bedrooms: 2
- Living Room: Living Room
Unit 2
- Unit Description: Living Room
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 1.194
- Driveway/Sidewalk: Concrete, Gravel
- Zoning: Single Family
- Fencing (Description): Wood Fence
Financial Considerations
- Tax Year: 2024
- Landlord Pays: Insurance, Lawn Care, Maintenance Repairs, Taxes, Water/Sewer/Trash
- Tenant Pays: Cable, Electric
Disclosures and Reports
- Special Conditions: None
- Docs Filed: Other/See Remarks
Listed by Drake Real Estate & Investments, Fischer Davis
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Schools
Schools serving 12036 State Hwy 64
School District:Tyler Independent School District
Rating | Name | Grades | Distance |
---|---|---|---|
213 Patton Ln, Tyler, TX 75704 | PK-5 | 0.5 mi | |
2926 Garden Valley Rd, Tyler, TX 75702 | 6-8 | 1.7 mi | |
3535 Lion Ln, Tyler, TX 75702 | 9-12 | 1.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 12036 State Hwy 64
Date
Details
Price
Change
Source
3/25/2024
Listed
$2,350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 12036 State Hwy 64
Year
Property Taxes
Change
Tax Assessment
Change
2023
$6,665
220%
$426,462
260%
2022
$2,081
16%
$118,410
24%
2021
$1,801
9%
$95,149
10%
2020
$1,648
2%
$86,333
5%
2019
$1,612
4%
$82,063
7%
2018
$1,556
-2%
$76,754
-2%
2017
$1,583
1%
$78,400
—
2016
$1,560
6%
$78,400
6%
2015
$1,475
2%
$74,156
2%
2014
$1,441
3%
$72,427
2%
2013
$1,403
—
$70,762
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 12036 State Hwy 64
12036 State Highway 64, Tyler, TX 75704 (MLS# 24004151) is a Duplex property with 0 bedrooms and 0 full bathrooms. 12036 State Highway 64 is currently listed for $2,350,000 and was received on March 25, 2024. Want to learn more about 12036 State Highway 64? Do you have questions about finding other Duplex real estate for sale in Tyler? You can browse all Tyler real estate or contact a Coldwell Banker agent to request more information.