11394 FM 2661 - Multi-Family FOR SALE


Tyler, TX 75709
$349,900 USD
903-426-1644
11394 FM 2661, Tyler, TX for Sale
$349,900 USD
Multi-Family - FOR SALE
1/25
null | 12.2% Cap Rate

11394 FM 2661
Tyler, TX 75709


OVERVIEW

High cash flow investment opportunity in Tyler, TX. This income producing property is currently configured as a room rental featuring 8 individual rooms plus 1 studio apartment, offering multiple income streams. The property has the potential to generate approximately $6,000 per month ($72,000 annually) under a room rental model, with additional upside through further optimization, including the possibility of adding another unit. The home showcases classic architectural character, offering the appeal of a historic style property without formal historic designation. This asset provides flexibility for investors seeking strong cash flow, as well as the option for partial owner occupancy if desired. Conveniently located near major roads, employment centers, and everyday amenities, while still offering the benefits of being outside city limits. A unique opportunity to acquire a high yield investment property with income potential and operational flexibility.

FOR SALE DETAILS

PRICE

$349,900 USD

PRICE/SF

$86 USD /SF

# OF UNITS

1

PRICE/UNIT

$349,900

CAP RATE

12.2%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

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.