1212 Centennial TrlTyler, TX 75703

For Sale
$1,249,000
4-Unit Multifamily Income Property

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional 4-unit condominium complex, built in 2023, presents a compelling owner-user and investment opportunity in Tyler, Texas. Located at 1212 Centennial Trail, this property boasts 8,139 square feet on a 0.41-acre lot, zoned MF. Each of the four units offers a spacious layout, including large living rooms with fireplaces, flowing into dining areas. Convenient half bathrooms and laundry rooms with hookups are located downstairs. Upstairs, the master suites feature private balconies, double sinks, large showers, and walk-in closets. Two additional bedrooms and a full bathroom complete the upper level. Each unit includes a new hot water heater and a two-car garage. Exterior features include a private fenced backyard with a gas hookup. The property is situated within a secure, gated community, enhancing safety and peace of mind. Currently, 25% occupied with an occupancy date of May 17, 2024, this presents a strong potential for rental income. The complex's prime location offers proximity to Christus Hospital, the Village at Cumberland Park for shopping and dining, and easy access to major roadways like Broadway Avenue and Toll 49. Advanced security systems are installed in each unit. The asking price is $1,249,000, or $312,250 per unit, with a price per square foot of $153.46. This two-story building represents a rare opportunity to acquire a modern, well-located multifamily property in a thriving Texas market.

Highlights

  • 25% occupied, with three units available for lease, occupancy date May 17, 2024.
  • Four-unit, 8,139 sq ft condominium complex on a 0.41-acre lot in Tyler, TX.
  • Gated community with advanced security systems in each unit.
  • Each unit features large walk-in closets and a two-car garage.
  • Spacious floor plans include fireplaces, private balconies in master suites, and in-unit laundry hookups.

Property Details for 1212 Centennial Trl

Property type
Residential income homes, Apartment buildings
Square Feet
8,139 SF
Year Built
2023
Buildings
1
Stories
2
Lot Size (sq. ft)
17,860 SF
Units
4

Location Insight

City
Tyler
County
Smith
State
Texas
Latitude
32.2439469
Longitude
-95.2900559
1212 Centennial Trl, Tyler, Texas

FAQs

What type of property is this?
Residential income home - 4-Unit Multifamily Income Property
Where is the residential income home located?
The property is located at 1212 Centennial Trl Tyler, TX.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: 25% occupied, with three units available for lease, occupancy date May 17, 2024.; Four-unit, 8,139 sq ft condominium complex on a 0.41-acre lot in Tyler, TX.; Gated community with advanced security systems in each unit.
How can I contact the broker?
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1212 Centennial Trl
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