Low Density, Multi-family Opportunity

Multi-Family for Sale
Catylist Listing ID: 30756861
Property Subtypes: Duplex/Fourplex
Number of Units: 20 Units
Building Size (RSF): 21,492 SF
Gross Land Area: 2.01 Acres
Sale Price: See Agent
Property Use Type: Investment
Building Name: Lexington Drive Duplexes
Usable Size (USF): 21,492 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 9/10/2021

Overview / Comments

+ The Lexington Drive Duplexes are an exceptionally located asset, next to the University of Texas at Tyler. It is being offered to investors on a free and clear basis.
+ Lexington Drive Duplexes consists of 10 duplexes (20 units). There are eight 2 bedroom / 1 bath units (969 or 970 sf) and twelve 2 bedroom / 2 bath units (1047 or 1340 sf)
+ Lexington Drive Duplexes are well positioned to take advantage of the educational, cultural, dining and retail needs of the tenants.

Thank you for your interest in the referenced property. The owner has elected to accelerate the best & final submissions from October 1, 2021 to 5:00 PM Texas time on September 20, 2021. If you have already submitted an offer and do not wish to change any of the terms, please send me an email acknowledging that fact. Conversely if you have submitted an offer and wish to change any of the terms, please submit a new offer with the change(s) you desire.

Additional Details

Nearest MSA: Tyler
County: Smith
Taxing Authority: Tyler ISD, City of Tyler, TJC and Smith County
Tax ID/APN: 150000144304047000
Zoning: R-1D
Percent Occupied: 100%
Property Located Between: University Blvd and McDonald Road
Highway Access: Loop 323, SH 64 E and University Blvd
Airports: Tyler Regional Pounds Airport
Site Description: Level
Area Description: Located in a fully mature neighborhood consisting of SFR detached, duplexes and garden style MF.
Total Number of Buildings: 10
Property Condition: Good
Number of Stories: 1
Year Built: 1992
Year Renovated: 2020
Roof Type: Other
Construction/Siding: Wood Siding
Exterior Description: Brick veneer with wood siding
Parking Type: Surface
Parking Description: + 2 car garage + Street parking + Alley access
Laundry: In Each Unit
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Other
Internet Access: Cable
Interior Description: Tile, vinyl plank or carpet
Zoning Description: R-1D
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: Alley access
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,331 46,863 105,029
Median Age: 30.78 33.6 34.23
Households: 2,648 18,396 40,725


Photograph of Listing Agent

Gary Halbrooks

Venue Properties, Inc. GTAR Commercial Member
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