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1320 W Oakwood, Tyler, TX 75702
$275,000
1320 W Oakwood, Tyler, TX 75702View this property at 1320 W Oakwood, Tyler, TX 75702
1320 W OakwoodTylerTX75702
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Property Description
Tri-Plex. Three units on large lot with room for possible 5-7 more units. Zoned "R MF" Multi-Family Residential - 3 or more units per lot - Max allowed number of units is 24 per acre. 3 bedroom brick house Plus 2 bedroom two story apt Plus 1 bedroom efficiency apt Smith County Appraisal Shows 1446 sq ft. According to owner current sq ft is 2260 including all three buildings. 3 bedroom Brick unit - 1074 sq ft. Garage apt (2 story) - 863 sq ft. Efficiency 1 Br Freestanding Building - 323 sq ft. Appraisal District shows build date as 1934 for front building and 1948 for garage apt. Efficiency apartment was built later and is not shown on SCAD. Three bedroom brick house has just undergone a metamorphosis: Recent Updates: New gas and sewer lines Electrical Updated New Vinyl Double Pane Low-E Windows & sliding patio door Drywall removed and insulation added to walls and ceilings New drywall installed walls and ceilings and totally painted Original Oak Floors sanded, restained and sealed Kitchen remodeled with new flooring, new cabinets, new plumbing, new oversize sink and new countertops. Bathroom remodeled with new floor, new bathtub, new cabinets, etc. Painted inside and out. New Stockade Fence for privacy 3 bedroom house is rented for $1,350.00 mo Garage Apt 2 bedroom is leased $925.00 Efficiency 1 bedroom is leased at $695.00. Total Gross Rents: $2.970.00 monthly $35,640.00 annual gross rents Lot is Zoned R MF Multi-Family Residential - 3 or more units on lot - Max 24 units per acre. It could be possible to add several additional units on this lot under this zoning.
Full Property Details
Full Property Details for 1320 W Oakwood
General
- Price: $275,000
- Taxes: $2,532 (2023)
- Status: Active
- Type: Triplex
- MLS ID: 24005464
- Updated: 6/2/2024
- Added to Site: 43 day(s) ago
Interior
- Interior Features: Ceiling Fan, Cable TV
- Fireplace: Yes
- Fireplace(s): Decorative/Mock
- Appliances: Range/Oven-Electric
- Flooring: Wood, Vinyl, Vinyl Plank
Rooms
Bathrooms
- Total Bathrooms: 3
Exterior
- Exterior Features: Patio Covered, Porch
Parking
- Parking: 1 Or More Per Unit
Location
- County: Smith
- Subdivision: J P Patterson
- Driving Directions: Take Front Street (Hwy31) East to Palace. Right (North) on Palace to Oakwood. Left on Oakwood. Property will be on Left. White brick with new stockade fence
School Information
- Elementary School: Ramey
- Middle School: Boulter
- High School: Tyler High
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Space Heat
Utilities
- Sewer: Public Sewer
- Water Company: City of Tyler
- Water: Public
- Metering: Individual Electric Meter, Individual Gas Meters, Individual Water Meters
Structural Information
- Exterior Const.: Brick Veneer, Wood Based Siding
- Foundation: Combination, Pier and Beam, Slab
- Roof: Composition
- Square Feet: 2,260
- Sq. Ft. Source: Owner
- Year Built: 1934
Unit Information
Unit 1
- Unit Description: Dining Room, Living Room
- Total Bathrooms: 1
- Bedrooms: 3
- Living Room: Living Room
Unit 2
- Unit Description: Living Room
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.43
- Lot Dimensions: 234' x 84' x 222' x 82'
- Driveway/Sidewalk: Paved
- Zoning: Multi Fam Dwelling 2 ½ St
- Fencing (Description): Chain Link Fence, Wood Fence
Financial Considerations
- Tax Amount: $2,532
- Tax Year: 2023
- Terms: Cash, Conventional
- Landlord Pays: Insurance, Maintenance Repairs, Taxes
- Tenant Pays: All Utilities
Disclosures and Reports
- Special Conditions: None
Listed by Miller Homes Group, John Smith
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Schools
Schools serving 1320 W Oakwood
School District:Tyler Independent School District
Rating | Name | Grades | Distance |
---|---|---|---|
2000 N Forest Ave, Tyler, TX 75702 | K-5 | 0.6 mi | |
2926 Garden Valley Rd, Tyler, TX 75702 | 6-8 | 1.4 mi | |
3535 Lion Ln, Tyler, TX 75702 | 9-12 | 1.8 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 1320 W Oakwood
Date
Details
Price
Change
Source
5/07/2024
Price Reduced
$275,000
-7.09%
MLS
4/20/2024
Listed
$296,000
—
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 1320 W Oakwood
Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,532
21%
$145,261
36%
2022
$2,100
19%
$107,168
27%
2021
$1,768
8%
$84,457
8%
2020
$1,636
2%
$77,983
4%
2019
$1,604
59%
$74,969
62%
2018
$1,011
—
$46,239
—
2017
$1,006
2%
$46,239
—
2016
$987
—
$46,239
—
2015
$983
4%
$46,239
2%
2013
$943
—
$45,363
2%
2013
$943
—
$44,524
—
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 1320 W Oakwood
1320 W Oakwood, Tyler, TX 75702 (MLS# 24005464) is a Triplex property with 0 bedrooms and 0 full bathrooms. 1320 W Oakwood is currently listed for $275,000 and was received on April 20, 2024. Want to learn more about 1320 W Oakwood? Do you have questions about finding other Triplex real estate for sale in Tyler? You can browse all Tyler real estate or contact a Coldwell Banker agent to request more information.