Description
Built in 2016 the property features a 12-unit multifamily and a 1,325 SF single family home on 5 acres, this property is a rare find. With a 5.2% pro forma capitalization rate, below average rents, and more acreage for expansion with city utilities at the site, this property is an excellent choice for investors seeking a solid return on investment. This property is adjacent to a major development to the East on Loop 323, 1 mile to the East that has Brookshires Grocery Store purchasing 9 acres in February 2023 and QSR pad sites under contract to national QSRs. Infrastructure construction to begin Q2 2023. Call broker for financial information. Appraisal completed in February 2023.
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0BEDS
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5.02ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Built in 2016 the property features a 12-unit multifamily and a 1,325 SF single family home on 5 acres, this property is a rare find. With a 5.2% pro forma capitalization rate, below average rents, and more acreage for expansion with city utilities at the site, this property is an excellent choice for investors seeking a solid return on investment. This property is adjacent to a major development to the East on Loop 323, 1 mile to the East that has Brookshires Grocery Store purchasing 9 acres in February 2023 and QSR pad sites under contract to national QSRs. Infrastructure construction to begin Q2 2023. Call broker for financial information. Appraisal completed in February 2023.
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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. This information is deemed reliable, but not guaranteed. 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. Data last updated 2023-03-24T17:28:57.953.
Listing provided courtesy of Sam Scarborough of Scarborough Commercial Real Estate: . Listing information © 2023 Greater Tyler Association of REALTORS® Multiple Listing Service.