6854 Lazy Vale CtTyler, TX 75703

Property Details for 6854 Lazy Vale Ct

Year built

2024

Property size (Sq ft)

14,980 SF

Property type

Residential income homes

Description

This exceptional investment opportunity presents a portfolio of four newly constructed duplexes in Tyler, Texas, totaling eight units and boasting 14,980 square feet of net rentable space. Built in 2024, the property currently enjoys 100% occupancy, generating a substantial net operating income (NOI) of $193,658, representing a compelling 6.15% capitalization rate. Each duplex features two units, meticulously designed with open-concept living areas, abundant natural light, and high ceilings. Gourmet kitchens are equipped with stainless steel appliances, quartz countertops, and custom cabinetry. Units include two or three generously sized bedrooms, with master suites offering en-suite bathrooms and walk-in showers. All units benefit from fenced backyards maintained by the HOA, attached two-car garages, and additional parking. The property's prime location offers convenient access to shopping, schools, parks, and public transportation. Future neighborhood amenities will include a pool, pond, and walking/biking trails. Additional lots are available for future expansion, presenting significant potential for growth and increased returns. The asking price for this turnkey investment is $3,150,000, offering strong cash flow and long-term appreciation potential. The average rent rate is $1.49 per square foot. This property is ideal for investors seeking a high-performing, low-maintenance multifamily asset in a thriving Texas market.

Location Insight

City

Tyler

County

Smith

State

Texas

Latitude

32.2761

Longitude

-95.3468

FAQs

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