14195 County Road 192Tyler, TX 75703

Property Details for 14195 County Road 192

Year built

2023

Property size (Sq ft)

12,909 SF

Property type

Residential income homes

Description

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.

Location Insight

City

Tyler

County

Smith

State

Texas

Latitude

32.2753

Longitude

-95.3479

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