$ 499,000
11394 FM 2661 Tyler, TX 75709
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$ 499,000
Est. payment /mo
Active
11394 FM 2661 Tyler, TX 75709
4,070 SqFt
UPDATED:
08/29/2024 10:28 AM
Key Details
Property Type Commercial Building/Land
Sub Type Building
Listing Status Active
Purchase Type For Sale
Square Footage 4,070 sqft
Price per Sqft $122
Subdivision Tx
MLS Listing ID 24012107
Lot Size 1.000 Acres
Acres 1.0
Lot Dimensions 40,700 sqft
Property Description
Fantastic investment opportunity in fast growing Tyler TX with a 14.43% cap rate! This is an income producing property. This home has been divided into 8 rooms and 1 apartment. With the possibility of having another apartment in the same home. You can easily make $6,000 a month, which is $72,000 a year! You could rent it all, or you could just rent an area and make the rest of the home your homestead. This is a rare opportunity to own a piece of history that produces passive income and it’s outside the city limits but just 7 miles away from any necessities you may have like Supermarkets, Malls, Services, Banks, Franchises, Parks, Schools and many more! Don't miss this one, call and schedule your showing today!
Location
State TX
County Smith
Area Smith
Zoning Other/See Remarks
Exterior
Waterfront No
View Y/N No
Listed by Luis Miranda • Miller Homes Group
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