12036 State Highway 64
Description
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.
- Listed by Matthew Marshall • TREC #0544812 • Drake Real Estate & Investment • 903-581-3737
Property Details for 12036 State Highway 64
Property Details for 12036 State Highway 64
| Status | Active |
|---|---|
| MLS # | 20571800 |
| Days on Market | 239 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | - |
| MLS Type | - |
| Year Built | 2024 |
| Lot Size | 1.19 AC / 52,010 SF |
| County | Smith County |
Building Information for 12036 State Highway 64
Property Information for 12036 State Highway 64
- Complex Name: NA
- Directions: 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.
- Elementary School: Dixie
- Elementary School Name: Dixie
- High School: Tyler
- High School Name: Tyler
- Middle School: Boulter
- Year Built Details: New Construction - Incomplete
- School District: Tyler ISD
- Geocode Confidence: Medium
- Latitude: 32.36
- Longitude: -95.37
- State: Texas
- Parking Features: Off Street, On Site, Paved, Varies by Unit
- Garage: No
- Association Type: None
- Virtual Tour URL Unbranded: https://www.propertypanorama.com/instaview/ntreis/20571800
- Fireplace Features: None
- Flooring: Vinyl
- Heating: Central, Electric
- Interior Features: Other, Paneling
- Appliances: Electric Oven, Electric Range, Microwave, Refrigerator
- Cooling: Central Air, Electric
- Smart Home Features Appor Pass Y: No
- Building Area Source: Owner
- Construction Materials: Brick, Siding, Wood, See Remarks
- Fencing: Partial, Wood
- Foundation Details: Pillar/Post/Pier, Slab, Other
- Number Of Stories: 1
- Roof: Composition, Metal
- Number Of Units Total: 14
- Patio And Porch Features: Covered, Front Porch
- Levels: One
- Utilities: Cable Available, City Sewer, City Water, Electricity Connected
- Handicap: No
- Loan Type: Treat As Clear
- Property Match: APN
- Lot Size Acres: 1.194
- Lot Size Area: 1.194
- Lot Size Units: Acres
- Lot Size Square Feet: 52010.64
- Multi Parcel ID: No
- Parcel Number: R041309
- Number Of Buildings: 11
- Capitalization Rate: 7.48%
- Gross Annual Expenses: $27,700
- Gross Annual Income: $188,580
- Insurance Expense: $9,700
- Total Annual Expenses Include: Insurance, Professional Management, Trash, Water/Sewer, Other
- Net Operation Income: $160,880.00
- Approximate SQFT: 1176.0
- Average Lease Amount: $1,250.00
- Living Area Length: 1.0
- Living Area Width: 1.0
- Unit Type Type: 2 Bedroom
- Unit Type Units Total: 1
- Approximate SQFT: 900.0
- Average Lease Amount: $1,250.00
- Living Area Length: 1.0
- Living Area Width: 1.0
- Unit Type Type: 2 Bedroom
- Unit Type Units Total: 6
- Approximate SQFT: 480.0
- Average Lease Amount: $995.00
- Living Area Length: 1.0
- Living Area Width: 1.0
- Unit Type Type: 1 Bedroom
- Unit Type Units Total: 7
Property History for 12036 State Highway 64
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 12036 State Highway 64
Schools near 12036 State Highway 64
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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Listing Courtesy of Drake Real Estate & Investment, Matthew Marshall
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 10:16 AM
