For Sale
$3,100,000

14195 County Road 192Tyler, TX 75703

9-Unit Portfolio, High ROI, South Tyler

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a newly constructed, Class A, nine-unit multifamily property in desirable South Tyler, Texas. Comprising three triplex buildings totaling 12,909 square feet, this 2023-built portfolio boasts a current 100% occupancy rate with each unit commanding a monthly rent of $1,895. The property features a strong 4.32% cap rate and a net operating income (NOI) of $134,040, resulting in an attractive price per unit of $344,444.44 and a price per square foot of $240.14. The property is situated within a master-planned community and benefits from professional local management, ensuring a low-maintenance investment experience. Further expansion potential exists with three additional zoned lots already equipped with city sewer access, allowing for the construction of three more triplex buildings, significantly increasing the property's value and future income stream. The property is zoned for multi-family use and is located at 14195 County Rd 192, Tyler, TX 75703. This is a rare opportunity to acquire a high-performing, fully occupied multifamily asset with significant upside potential in a rapidly growing market.

Highlights

  • 100% occupancy.
  • Significant rental upside potential.
  • Located in a master-planned community.

Property Details for 14195 County Road 192

Property type
Residential income homes
Square Feet
12,909 SF
Class
A
Year Built
2023
Buildings
3
Units
9

Location Insight

City
Tyler
County
Smith
State
Texas
Latitude
32.2752598
Longitude
-95.3479317
14195 County Road 192, Tyler, Texas

FAQs

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14195 County Road 192
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