13597 County Road 35 - Apartments FOR SALE


Tyler, TX 75706
$1,800,000 USD
817-821-1585
13597 County Road 35, Tyler, TX for Sale
$1,800,000 USD
Apartments - FOR SALE
1/5
null | 6.65% Cap Rate

13597 County Road 35
Tyler, TX 75706


HIGHLIGHTS

  • Opportunity for expansion, or divide and sell a portion of the land not being used
  • Country setting, close to town
  • Great occupancy rates, can also be AirBNB, Vrbo rentals

OVERVIEW

100% Occupied 8 unit rental property, great investment opportunity, along with 3,200 sq ft house, currently owner occupied. Possible value adds to rent main house 2,500 – 3,000 per month, option to put separate electric meters on each unit to have tenants pay their own electric or consider solar panels. Management pays for water, lawn maintenance, trash service and septic maintenance, that is included in the monthly rent. Tenants are currently month to month with no lease agreements in place. Buyer could raise rents to market value and put lease agreements in place if desired. Note: financials do not include income from main house. Main house was an event center built in 2017 and converted to residence in 2022, 3 rental buildings were built in 2021 and are concrete, slab, Hardie siding and composition roofs, final building is a tri plex, metal building with metal roof built 2024. Options to build more rental units, lots of room to expand and the possibilities are endless. So much more to know about this opportunity, more info and photos available on request, will consider dividing the land that fronts I20 as seen on the attached survey. Would be great for home development or tiny houses. Tyler is the fastest growing city in East Texas, Amazon will complete at 140,000 sq distribution center in October, and a 70 acre development is scheduled to include The Texan, with retail and restaurants. Owner is listing agent.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$199 USD /SF

# OF UNITS

9

PRICE/UNIT

$200,000

CAP RATE

6.65%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Venue

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

PARKING SPACES

-

LAND DETAILS

LAND ACRES

36 AC

LAND SF

1,568,160 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Debbie YeatsTaylor Realty Associates - DFWMore Info
817-821-1585

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Debbie YeatsTaylor Realty Associates - DFWMore Info
817-821-1585

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