4344 Macnab Dr - Apartments FOR SALE


Tyler, TX 75707
$6,990,000 USD
903-443-5894
4344 Macnab Dr, Tyler, TX for Sale
$6,990,000 USD
Apartments - FOR SALE
1/9
null | 5.98% Cap Rate

4344 Macnab Dr
Tyler, TX 75707


HIGHLIGHTS

  • NO SELLER FINANCING
  • Approximately $2,495 market monthly rent per unit
  • Modern appliances and finishes; energy efficient A/C & heating
  • Gated community and dog park
  • Tenant pays all utilities; master controlled irrigation system
  • Potential Annual NOI: $417,927

OVERVIEW

Strategically located in Southeast Tyler, Omen Hill Villas is situated less than 1.5 miles from the University of Texas at Tyler. Omen Hill Villas offers 20 high-quality homes in a newly constructed 32-home built-to-rent community featuring a dog park, plenty of parking, and gated security. The 20 homes for sale within Omen Hill Villas are currently under Drake Management and fully leased — management is willing to stay on with the next Buyer. Utilities for each home are metered separately, including the master-controlled irrigation system in place. The 20 homes for sale are all currently leased with an average rent per home of just above $2,400 / month — market rent is closer to $2,495 / month.

FOR SALE DETAILS

PRICE

$6,990,000 USD

PRICE/SF

$184 USD /SF

# OF UNITS

20

PRICE/UNIT

$349,500

CAP RATE

5.98%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Omen Hill Villas - 20 Home Package

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2023

PARKING SPACES

20

LAND DETAILS

LAND ACRES

4.55 AC

LAND SF

198,198 SF

ZONING

QOZ

APN/PARCEL ID

1-39490-0000-02-001000,1-39490-0000-02-001001

ASK ABOUT THIS PROPERTY

Matthew MarshallDrake Real Estate & InvestmentsMore Info
903-443-5894

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Matthew MarshallDrake Real Estate & InvestmentsMore Info
903-443-5894

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