1 month on rocket

12036 State Highway 64, Tyler, TX, 75704

$2,150,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
3 Baths
9,936 SqFt
$216/SqFt
Multi

Location

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12036 State Highway 64, Tyler$2,150,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingConcrete, Gravel
Year BuiltNew Const., 2024
HeatingElectric, Central
CoolingCentral Air
MLS #24004151
Lot Size1.19 Acres
StatusActive

About 12036 State Highway 64

100% occupied and newly constructed 14-unit multi-family investment opportunity on Hwy 64 just outside of Tyler's West Loop 323. Fantastic passive income opportunity in Tyler, TX. Close to many commercial retailers, Tyler High School, and Walmart Supercenter. See flyer for more details. 1 single family home, 3 duplexes, and 7 luxury cottages — 9,936 leasable sqft. New gravel driveway. 2024 Projected Financials: $188,580 Gross Annual Income | $160,880 NOI | 7.48% CAP. 100% occupied, low maintenance, turn-key, ready to cash flow. Private entrance, mix of covered / uncovered parking pads, individual mailboxes. 15,853 Annual Average Daily Traffic. Reach out to the agent for financial documents and more unit details.

Property Details

Property Features

Property Information:

  • Year Built: 2024
  • Stories: 1
  • Living Area: 9,936 SqFt

Listing Office:

  • Office Name: Drake Real Estate & Investments
  • Office Phone: (850) 508-5636
  • Listing Agent: Fischer Davis

Interior Features

Interior Information:

  • Appliances: Electric Oven, Electric Range, Refrigerator, Microwave
  • Flooring Type: Vinyl

Bedroom and Bathroom Information:

  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Exterior: Wood Fence, Porch/Covered, Porch

Parking Information:

  • Parking: Concrete, Gravel

Lot Features

Lot Information:

  • Lot Size: 1.19 Acres

Utilities

Utilities Information:

  • Heating: Electric, Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From the intersection of West Loop 323 and St Hwy 64 in Tyler, head west on St Hwy 64. Continue for about 1.35 miles and property will be on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,150,000
  • Price Per SqFt: $216/SqFt
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Housing Market Comparison

See how this home compares to others in Tyler, TX.

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Tyler, TX

City

Med. Sold Price

$633K

Med. Price/SqFt

$198

Avg. Days On Market

65

# of Sold Homes

30

12036 State Highway 64 vs Tyler

40 DAYS ON ROCKET

-25 Days

$2,150,000

+$1.5M More

$216/SqFt

+$17 More

KEY TAKEAWAY

This property is $1.5M more than the Median Sold Price and $17/SqFt more than other homes in Tyler, TX.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: TylerTX
  • MLS Number: #24004151

Listing Office:

  • Office Name: Drake Real Estate & Investments
  • Office Phone: (850) 508-5636
  • Listing Agent: Fischer Davis

IDX Disclaimer: The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the Greater Tyler Association of REALTORS Multiple Listing Service. The IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is deemed reliable, but not guaranteed. Copyright © 2024 Greater Tyler Association of REALTORS® All rights reserved.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 12/22/2024, 3:16:06 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$10.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,512

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-998267
5
/10

  • Dixie Elementary School

  • 213 Patton Ln

  • 0.52 miles

  • Public District Grades PK-5

school-card-donut-998268
5
/10

  • Jones Elementary School

  • 3450 Chandler Hwy

  • 1.89 miles

  • Public District Grades PK-5

school-card-donut-998269
3
/10

  • Orr Elementary School

  • 3350 Pine Haven Rd

  • 2.13 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $33,147. Most Tyler, TX residents have annual incomes less than $35k. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Texas›Smith County›Tyler›75704›12036 State Highway 64

This home is located at 12036 State Highway 64 in Tyler, TX and zip code 75704. This 9,936 square foot home, which was built in 2024, sits on a 1.19 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 11, 2024 and is currently priced at $2,150,000.

Tyler, TX housing market in November 2024 saw over 0 listings sold above listed price, more than 0 sold at listed price and over 1 sold below. The number of homes for sale in Tyler, TX increased by 18.5% between October 2024 and November 2024. The median list price of listings available in November 2024 was $633,000, while the average time on the real estate market was 65 days.

From Rocket Homes Real Estate and based on county public records data.

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