West Oak Townhomes

Multi-Family for Sale
Catylist Listing ID: 30576666
Property Subtypes: Duplex/Fourplex, Low-Rise/Garden, Mixed Use, Student Housing, Other
Building Status: Proposed
Number of Units: 18 Units
Building Size (RSF): 1,691 SF
Gross Building Area: See Agent
Sale Price: $4,950,000 - 5,850,000
Unit Price: $275,000 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Building Name: West Oak Townhomes
Sale Terms: Cash to Seller, Purchase Money Mortgage, Sale/Leaseback, Other
Cap Rate: Undisclosed
Last Updated: 3/29/2020

Overview / Comments

The West Oak Townhome development is scheduled to break ground in March 2020 and the first townhome units are expected to be delivered in January 2021. This is an ideal opportunity for prospective home buyers and investors who wish to join an up-and-coming community in Downtown Tyler.

Highlights:
- Secure, gated-community
- Private dog park
- Security system
- BBQ park
- LED lighting
- 2-car garage per unit

Unit Options:
A: 1,691SF (3 bed/3.5 bath)
B: 1,777SF (3 bed/3.5 bath)

Additional Details

Nearest MSA: Tyler
County: Smith
Tax ID/APN: 150000009000002010
Property Located Between: Northwest Corner of W. Erwin Street and South Bonner Avenue (Downtown)
Total Number of Buildings: 18
Property Condition: Excellent
Number of Stories: 3
Year Built: 2020
Roof Type: Arched
Parking Type: Structure, Other
Parking Description: 2 car garage with each unit plus outside visitor parking
Laundry: In Each Unit
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,345 60,500 94,468
Median Age: 29.94 33.07 33.71
Households: 4,223 21,362 36,433

Contact

Photograph of Listing Agent

Tom Sterquell

Range Realty Advisors, LLC GTAR Commercial Member
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