12036 State Highway 64

12036 State Highway 64

Tyler, TX 75704

$2,350,000
Price
5
Beds
3
Baths
9,936 Sq. Ft.
$237 / Sq. Ft.
9,936
Sq. Ft.
$237
per Sq. Ft.
a view of a yard in front of house
a backyard of a house
a front view of a house with a yard and garage
a view of road with wooden fence
a view of a house with backyard and sitting area
a front view of a house with garden
a front view of a house with a yard
a view of a house with a yard
a view of a balcony with chairs
a kitchen with stainless steel appliances granite countertop a refrigerator and a sink
a living room with furniture
a living room with stainless steel appliances furniture a flat screen tv and a refrigerator
a kitchen with stainless steel appliances a stove microwave and sink
a kitchen with a sink cabinets and window
a bedroom with furniture and a flat screen tv
a bedroom with a bed and window
a bedroom with a bed and wooden floor
a bathroom with a bathtub and a shower
a bathroom with a granite countertop toilet sink and mirror
a bathroom with a bathtub
a front view of a house with a yard
a front view of a house with a yard
a front view of a house with a yard
a view of kitchen with granite countertop cabinets and wooden floor
an empty room with wooden floor and a ceiling fan
an empty room with wooden floor and windows
a kitchen with white cabinets and sink
a kitchen with white cabinets and white appliances
a kitchen with a refrigerator and a stove
a bathroom with a sink and a mirror
a view of a hallway with wooden floor and staircase
a bathroom with a sink and a toilet
a view of a bathroom
an empty room with wooden floor ceiling fan and windows
wooden floor in an empty room
a living room with furniture and a wooden floor
a living room with furniture and a flat screen tv
a living room with furniture and wooden floor
a view of a dining room with furniture and wooden floor
a bedroom with a bed and wooden floor
a large bed sitting in a bedroom next to a window
a bathroom with a sink and a mirror

Description

Newly renovated/constructed 14-unit multi-family investment opportunity on Hwy 64 just outside of Tyler's West Loop 323. Construction of three remaining structures expected by early Summer 2024 — already lined-up with tenants. Fantastic passive income opportunity in Tyler, TX. Close to many commercial retailers, Tyler High School, and Walmart Supercenter. The property includes 1 single family home, 3 duplexes, and 7 luxury cottages for a total of 9,936 leasable sqft. 3 cottages still under construction—May...Newly renovated/constructed 14-unit multi-family investment opportunity on Hwy 64 just outside of Tyler's West Loop 323. Construction of three remaining structures expected by early Summer 2024 — already lined-up with tenants. Fantastic passive income opportunity in Tyler, TX. Close to many commercial retailers, Tyler High School, and Walmart Supercenter. The property includes 1 single family home, 3 duplexes, and 7 luxury cottages for a total of 9,936 leasable sqft. 3 cottages still under construction—May / June 2024 completion (tenants pre-approved for move-in upon completion). Annual Pro Forma Metrics: $182,923 Effective Rental Income (3% Vacancy) | $129,931 NOI | 5.5% CAP. Currently 100% occupied and ready to cash flow upon construction completion. 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

Location

Listing Courtesy of Drake Real Estate & Investments, Fischer Davis
Add your commute
LISTING UPDATED: 03/25/2024 02:51 PM

Property Details for 12036 State Highway 64

StatusActive
MLS #24004151
Days on Market57
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built2024
Lot Size1.19 AC / 52,010 SF
CountySmith County

Location

Listing Courtesy of Drake Real Estate & Investments, Fischer Davis
Add your commute

Building Information for 12036 State Highway 64

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

Payment Calculator

$13,380 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,825

Property Taxes

$555

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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
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: Aluminum/Metal, Composition
  • FOUNDATION: Other/See Remarks, Pier and Beam, Slab
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: Insurance, Lawn Care, Maintenance Repairs, Taxes, Water/Sewer/Trash
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: Cable, Electric

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$404,971Total$426,462
Tax Record2023$6,665 ($555 / 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
Dixie Elementary School
Public - PK to 5
Boulter Middle School
Public - 6 to 8
Tyler High School
Public - 9 to 12
Wayne D Boshears Center For Except
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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More information about 12036 State Highway 64, Tyler, TX 75704

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 $2,350,000. 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. 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: 03/25/2024 02:51 PM