11394 FM 2661 - Apartments FOR SALE


Tyler, TX 75709
$449,900 USD
903-426-1644
11394 FM 2661, Tyler, TX for Sale
$449,900 USD
Apartments - FOR SALE
1/25
null | 9.49% Cap Rate

11394 FM 2661
Tyler, TX 75709


OVERVIEW

Investment opportunity in Tyler, TX, situated on 3 acres and offering multiple income streams and significant operational flexibility. The property is currently configured for room rentals with 8 individual rooms plus 1 studio apartment. Under a room-rental model, the property has the potential to generate approximately $6,000 per month ($72,000 annually) in gross rental income, with additional upside through further optimization, including the potential addition of another unit. The home features distinctive architectural character, offering the appeal of a historic style property without formal historic designation. The flexible configuration may appeal to investors seeking strong cash flow, while also allowing for potential partial owner occupancy. Conveniently located on FM 2661 near Tyler, with access to major roads, employment centers, shopping, and everyday amenities, while offering the benefits of being outside Tyler city limits. Investment Highlights 3 acres 8 individual rooms + 1 studio apartment Potential gross rental income of approximately $6,000/month Approximately $72,000 in potential annual gross income Multiple income streams Potential for additional units Flexible room rental configuration Outside Tyler city limits Convenient access to Tyler and surrounding areas A unique opportunity for an investor seeking strong income potential, flexibility, and room for future optimization in the Tyler market.

FOR SALE DETAILS

PRICE

$449,900 USD

PRICE/SF

$111 USD /SF

# OF UNITS

1

PRICE/UNIT

$449,900

CAP RATE

9.49%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

SFR

APN/PARCEL ID

1-03005-0000-00-002000

ASK ABOUT THIS PROPERTY

Cheryl MirandaKeller Williams Realty-TylerMore Info
903-426-1644

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Cheryl MirandaKeller Williams Realty-TylerMore Info
903-426-1644

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.