9-Unit Multifamily in Tyler, TX

Currently income producing with value add opportunity. SF home 3200 sqft 3bed 2bath was a wedding venue built 2017,converted into home 2022, exterior, metal siding, metal roof for extremely low maintenance. Fenced in back yard, new NO maintenance composite decking, enjoy the view of the pond, trees and open space. Includes hot tub, built -in Catio. This house makes for easy country living. There are 2 additional spaces outside that can easily be converted into a green house, storage or sitting area. A little creativity the possibilities are endless. Home has spacious, open floor plan 20 ft ceilings in main living area. Galley kitchen, walk in pantry, 2 separate storage closets. Kitchen is a chef’s dream with a double door commercial refrigerator, 500lb ice machine is included, separate laundry room, and office. The master bedroom is a dream, with a separate oversized sitting room from the master on-suite, that can be used as craft room, exercise room or baby room. Bedroom 2 is secluded, with a walk in closet, the third bedroom is large and spacious. 36 acre income producing property, which includes 8 rental units, currently occupied, also has laundry room with coin op washing machines. Possible value adds to rent main house, option to put separate electric meters to have tenants pay their own electric or consider solar panels. Add more rental units, possibilities are endless. Management pays for water, lawn maintenance, trash service, septic maintenance, that is included in the monthly rent. Tenants are currently month to month, no lease agreements in place. Buyer could raise rents to market value, put lease agreements in place if desired. Rental floor plans and details are available, some photos are included in listing. Will consider dividing the land only portion, see MLS 21000883 Will consider owner financing, with 40% down. Terms can be discussed with serious buyer.

Multifamily | 5.85% CAP | 9 Units, with value add opportunity