535 Bonner AveTyler, TX 75702
- Apartment buildings
- 5,436 SF
Property Details for 535 Bonner Ave
- Year built
- 1968
- Lot size
- 0.28 AC
- Property size (Sq ft)
- 5,436 SF
- Property type
- Apartment buildings
Description
This 7-unit apartment building presents a compelling value-add investment opportunity in Tyler, Texas. Located at 535 S Bonner Ave, 75702, this property boasts 5,436 square feet on a 0.28-acre lot. The two-story building, constructed in 1968, comprises seven units: five two-bedroom, one-bathroom units and two one-bedroom, one-bathroom units. Currently, the occupancy rate stands at 71.43%. The asking price is $550,000, translating to $101.18 per square foot and $78,571.43 per unit. The property features a private parking lot and benefits from its location on historic brick streets, offering proximity to desirable downtown Tyler. Water is paid by the landlord, while tenants are responsible for electricity and gas. This property is ideally suited for an investor seeking to capitalize on its inherent potential for increased profitability through strategic improvements and management. The property's strong location and existing unit mix provide a solid foundation for future growth and return on investment.
Location Insight
- City
- Tyler
- County
- Smith
- State
- Texas
- Latitude
- 32.3439
- Longitude
- -95.3061
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].