12036 State Highway 64

Tyler, TX 75704

$2,150,000
Price
5
Beds
3
Baths
9,936 Sq. Ft.
$216 / Sq. Ft.
9,936
Sq. Ft.
$216
per Sq. Ft.

Description

100% occupied and newly constructed 14-unit multi-family investment opportunity on Hwy 64 just outside of Tyler's West Loop 323. Fantastic passive income opportunity in Tyler, TX. Close to many commercial retailers, Tyler High School, and Walmart Supercenter. See flyer for more details. 1 single family home, 3 duplexes, and 7 luxury cottages — 9,936 leasable sqft. New gravel driveway. 2024 Projected Financials: $188,580 Gross Annual Income | $160,880 NOI | 7.48% CAP. 100% occupied, low maintenance,...100% occupied and newly constructed 14-unit multi-family investment opportunity on Hwy 64 just outside of Tyler's West Loop 323. Fantastic passive income opportunity in Tyler, TX. Close to many commercial retailers, Tyler High School, and Walmart Supercenter. See flyer for more details. 1 single family home, 3 duplexes, and 7 luxury cottages — 9,936 leasable sqft. New gravel driveway. 2024 Projected Financials: $188,580 Gross Annual Income | $160,880 NOI | 7.48% CAP. 100% occupied, low maintenance, turn-key, ready to cash flow. Private entrance, mix of covered / uncovered parking pads, individual mailboxes. 15,853 Annual Average Daily Traffic. Reach out to the agent for financial documents and more unit details.
  1. Listed by Fischer Davis • TREC #0816546 • Drake Real Estate & Investments

Property Details for 12036 State Highway 64

Waterfront
No
Subdivision Name
NA
ZONING
Single Family
LISTING UPDATED: 07/17/2024 09:27 AM

Property Details for 12036 State Highway 64

StatusActive
MLS #24004151
Days on Market241
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built2024
Lot Size1.19 AC / 52,010 SF
CountySmith County

Building Information for 12036 State Highway 64

Stories1Residences14Year Built2024Building Size-Lot Size1.19 AC / 52,010 SF

Property Information for 12036 State Highway 64

Summary
Location and General Information
  • County: Smith
  • Waterview: No
  • Directions (NO OFFICES): From the intersection of West Loop 323 and St Hwy 64 in Tyler, head west on St Hwy 64. Continue for about 1.35 miles and property will be on the right.
  • City: Tyler
  • State: TX
  • Geo Subdivision: TX
  • Lake Community: No
Taxes and HOA
  • Taxes: NA
  • Tax Year: 2024
Parking
  • PARKING 2-4 FAMILY: 1 Or More Per Unit, Paved Areas
School Information
  • Elementary: Dixie
  • Middle School: Boulter
  • High School: Tyler High
Property
Property and Assessments
  • Appraisal District Number: R041309
  • Class: MULTI-FAMILY
  • Under Construction: Yes
  • Year of Construction: 2024
  • DOCUMENTS ON FILE: Other/See Remarks
  • Foreclose/Bank Owned Y/N: No
  • Legal: ABST A0026 W ARCHER
Lot Information
  • Approx SqFt: 9936
  • Total Number of Acres: 1.194
Green Features
  • ENERGY EFFICIENCY: Foam Insulation
Utilities
  • SEWER: Public Sewer
  • WATER: Public
  • INDIVIDUALLY METERED UTIL: Other/See Remarks
Interior and Exterior Features
Exterior Features
  • CONSTRUCTION: Brick and Wood, Wood/ Frame, Siding, New Construction, Other/See Remarks
  • EXTERIOR: Patio Covered, Porch
  • DRIVEWAY: Concrete, Gravel
  • FENCING: Wood Fence
  • ROOF: Composition, Aluminum/Metal
  • FOUNDATION: Slab, Pier and Beam, Other/See Remarks
Interior Features
  • FIREPLACE: None
  • COOLING: Central Electric, Other/See Remarks
  • HEATING: Central Electric
  • LEVELS: 1 Story
  • INTERIOR: Other/See Remarks
  • FLOORING: Vinyl
  • KITCHEN EQUIPMENT: Range/Oven-Electric, Microwave, Refrigerator
Multi Family
Multi-Family Information
  • # Units: 14.0
Income & Expenses Information
  • OWNERS EXPENSES: Taxes, Insurance, Water/Sewer/Trash, Maintenance Repairs, Lawn Care
Unit 1
  • Unit 1 # Bedrooms: 2
  • Unit 1 # Baths: 1
  • Unit 1 Living Room Y/N: Yes
Unit 2
  • Unit 2 # Bedrooms: 1
  • Unit 2 # Baths: 1
  • Unit 2 Living Room Y/N: Yes
Unit 3
  • Unit 3 # Bedrooms: 2
  • Unit 3 # Baths: 1
Rental
Rental Information
  • TENANT PAYS: Electric, Cable

Property History for 12036 State Highway 64

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 12036 State Highway 64

Taxable ValueLand$21,491Additions$1,003,766Total$1,025,257
Tax Record2024$15,546 ($1,295 / month)
Home Facts
Beds0Baths1Total Finished SqFt1,104 SqFtAbove Grade Finished SqFt1,104 SqFtStories1Lot Size52,011 SqFtStyleSingle Family ResidenceYear Built1940CountySMITHAPN1-00000-0026-00-012020

Schools near 12036 State Highway 64

This home is within Tyler Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 12
Rating
School
Distance
Dixie Elementary School
PublicPK to 5

Boulter Middle School
Public6 to 8

Tyler High School
Public9 to 12

Wayne D Boshears Center For Except
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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12036 State Highway 64 is a multi-family home for sale in Tyler, TX 75704. This property was listed for sale on March 25, 2024 by Drake Real Estate & Investments, it's currently listed at $2,150,000. This listing's school district is Tyler Independent School District. Nearby schools include Dixie Elementary School, Boulter Middle School and Tyler High School. 12036 State Highway 64 is a 5-bed, 3-bath, 9,936 sqft multi-family home built in 2024.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Drake Real Estate & Investments, Fischer Davis

The information being provided by North Texas Real Estate Information Systems (NTREIS) and Greater Tyler Association of REALTORS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. This website may reference real estate listing(s) held by a brokerage firm other than Compass. Any information relating to real estate for sale in Dallas, Texas comes from NTREIS. Listings marked with an icon are provided courtesy of the NTREIS Internet Data Exchange database. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with appropriate professionals.The data contained herein is copyrighted by NTREIS and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2024 North Texas Real Estate Information Systems. All rights reserved. Date last updated: 07/17/2024 09:27 AM