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11394 FM 2661 1 Unit Apartment Building $482,211 CAD ($482,211 CAD/Unit) 12.20% Cap Rate Tyler, TX 75709
Executive Summary
High cash flow investment opportunity in Tyler, TX. This income producing property is currently configured as a room rental featuring 8 individual rooms plus 1 studio apartment, offering multiple income streams.
The property has the potential to generate approximately $6,000 per month ($72,000 annually) under a room rental model, with additional upside through further optimization, including the possibility of adding another unit.
The home showcases classic architectural character, offering the appeal of a historic style property without formal historic designation.
This asset provides flexibility for investors seeking strong cash flow, as well as the option for partial owner occupancy if desired.
Conveniently located near major roads, employment centers, and everyday amenities, while still offering the benefits of being outside city limits.
A unique opportunity to acquire a high yield investment property with income potential and operational flexibility.
The property has the potential to generate approximately $6,000 per month ($72,000 annually) under a room rental model, with additional upside through further optimization, including the possibility of adding another unit.
The home showcases classic architectural character, offering the appeal of a historic style property without formal historic designation.
This asset provides flexibility for investors seeking strong cash flow, as well as the option for partial owner occupancy if desired.
Conveniently located near major roads, employment centers, and everyday amenities, while still offering the benefits of being outside city limits.
A unique opportunity to acquire a high yield investment property with income potential and operational flexibility.
Property Facts
1 1
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 1-03005-0000-00-002000 | Improvements Assessment | $489,759 CAD |
| Land Assessment | $119,745 CAD | Total Assessment | $609,503 CAD |
Property Taxes
Parcel Number
1-03005-0000-00-002000
Land Assessment
$119,745 CAD
Improvements Assessment
$489,759 CAD
Total Assessment
$609,503 CAD
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11394 FM 2661
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