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$3,800,000
Est. payment /mo
17,065 SqFt
UPDATED:
02/22/2025 07:01 PM
Key Details
Property Type Single Family Home
Sub Type Building
Listing Status Active
Purchase Type For Sale
Square Footage 17,065 sqft
Price per Sqft $222
Subdivision Tx
MLS Listing ID 25002612
Lot Size 2.807 Acres
Acres 2.807
Lot Dimensions 2.807 Acres
Property Sub-Type Building
Property Description
Phenomenal Investment Opportunity – High-Performing Multi-Family Property with Expansion Potential! This exceptional commercial property presents an incredible opportunity for investors seeking strong rental income with room for future development. Situated in the highly desirable Henshaw Creek Subdivision, one of Tyler's newest residential development just off Old Jacksonville near Three Lakes Middle School, this property currently consists of three completed triplexes, one unfinished triplex, and two additional lots that can accommodate two more triplexes—allowing for a total of six triplexes upon full buildout. With 9 fully leased units, this investment already generates steady cash flow, with rents ranging from $1,850 to $2,195 per unit. The existing rental units include two 4-bedroom, 2-bath units, six 3-bedroom, 2-bath units, and four 2-bedroom, 2-bath units, all featuring modern layouts and desirable amenities. Beyond the property itself, residents enjoy immediate access to beautiful walking and biking trails, and scenic ponds—enhancing the appeal and long-term value of this investment. This property provides an excellent balance of immediate returns and long-term growth potential, making it a rare find in today's market. Don't miss this chance to secure a lucrative multi-family asset in one of Tyler's most promising developments—schedule your showing today!
Location
State TX
County Smith
Area Smith
Zoning Multi Family Dwelling
Interior
Heating Central Electric
Cooling Central Electric, Ceiling Fan(s)
Exterior
View Y/N No
Building
Sewer Public Sewer
Others
Miscellaneous Fenced
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
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Listed by Haden Riggs • Keller Williams Realty-Tyler
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