75702 75703Tyler, TX 75701

Property Details for 75702 75703

Property size (Sq ft)

50,261 SF

Property type

Residential income homes

Description

This exceptional investment opportunity presents a portfolio of 38 single-family rental homes located in Tyler, Texas. Situated in Smith County, these properties boast a combined 50,261 square feet, offering a compelling $6,608,000 asking price, or $166,000 per unit. The portfolio generates a substantial net operating income (NOI) of $487,151, translating to an attractive 7.72% capitalization rate and a price per square foot of $125.50. The properties are spread across Tyler, TX zip codes 75701, 75702, and 75703, offering a diverse range of floor plans. Tyler's strategic location, just 90 miles east of Dallas, benefits from proximity to Interstate 20 and a regional airport with daily connections to Dallas/Fort Worth International Airport. This thriving East Texas city, part of Texas's fastest-growing metro area, boasts a population exceeding 225,000, fueling consistent demand for housing. The portfolio's strong performance is further enhanced by the potential for rent increases and its designation as an Opportunity Zone. This fee-simple ownership opportunity allows for the purchase of the entire portfolio or individual groups (see brochure for details). This is a rare chance to acquire a significant, high-performing rental portfolio in a rapidly expanding market.

Location Insight

City

Tyler

County

Smith

State

Texas

Latitude

32.3244

Longitude

-95.2998

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