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The Venue 13597 County Road 35 9 Unit Apartment Building $2,512,656 CAD ($279,184 CAD/Unit) 6.65% Cap Rate Tyler, TX 75706



INVESTMENT HIGHLIGHTS
- Opportunity for expansion, or divide and sell a portion of the land not being used
- Great occupancy rates, can also be AirBNB, Vrbo rentals
- Country setting, close to town
EXECUTIVE SUMMARY
Possible value adds to rent main house 2,500 – 3,000 per month, option to put separate electric meters on each unit to have tenants pay their own electric or consider solar panels. Management pays for water, lawn maintenance, trash service and septic maintenance, that is included in the monthly rent. Tenants are currently month to month with no lease agreements in place. Buyer could raise rents to market value and put lease agreements in place if desired. Note: financials do not include income from main house. Main house was an event center built in 2017 and converted to residence in 2022, 3 rental buildings were built in 2021 and are concrete, slab, Hardie siding and composition roofs, final building is a tri plex, metal building with metal roof built 2024.
Options to build more rental units, lots of room to expand and the possibilities are endless.
So much more to know about this opportunity, more info and photos available on request, will consider dividing the land that fronts I20 as seen on the attached survey. Would be great for home development or tiny houses.
Tyler is the fastest growing city in East Texas, Amazon will complete at 140,000 sq distribution center in October, and a 70 acre development is scheduled to include The Texan, with retail and restaurants.
Owner is listing agent.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Pantry
- Vinyl Flooring
- Window Coverings
SITE AMENITIES
- Laundry Facilities
- Waterfront
- Storage Space
- Pond
- Private Bathroom
ABOUT 13597 COUNTY ROAD 35 , TYLER, TX 75706
Unique opportunity to keep as rental units, divide and sell the land, or build more. Single family home - 3,200 sq ft 3 bedrooms, 2 bath This Barndo was a wedding venue, that was converted into home in 2022. The exterior of the Barndo has metal siding and a metal roof for extremely low maintenance. A fenced in back yard, with a brand-new NO maintenance composite decking, to enjoy the view of the pond. The fenced in backyard is a great place for those furry family members and a 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 and the possibility are endless. 5 Rental units are cementitious fiber siding with composite roof, 3 are metal building with metal roofs. Inside the Barndo you will find a spacious and open floor plan that has 20 ft ceilings in the main living areas. Galley kitchen with walk in food pantry and 2 separate storage closets. This kitchen is a chef’s dream with a double door commercial refrigerator and 500 lb ice machine, which will stay with the property. This property includes a separate laundry room, and an 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 close to the second bathroom. The third bedroom is large and spacious. Existing rental units 100% occupied, owner pays all utilities, some units are furnished, partially furnished or unfurnished, depending on tenant needs at move in. Options to add solar panels and reduce electrical costs, add individual meters for tenants to pay electric, raise rents to market value. Buyer can divide and sell the land west of the creek, as seen in survey.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $1,780 CAD | 576 - 720 |
| 3+2 | 1 | - | 3,200 |
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $1,327,879 CAD | |
| Land Assessment | $187,615 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,140,264 CAD | Tax Year | 2024 |
PROPERTY TAXES
Presented by
Taylor Realty Associates - DFW
The Venue | 13597 County Road 35
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