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Omen Hill Villas - 20 Home Package 4344 Macnab Dr 20 Unit Apartment Building $9,720,155 CAD ($486,008 CAD/Unit) 5.98% Cap Rate Tyler, TX 75707
Investment Highlights
- NO SELLER FINANCING
- Modern appliances and finishes; energy efficient A/C & heating
- Tenant pays all utilities; master controlled irrigation system
- Approximately $2,495 market monthly rent per unit
- Gated community and dog park
- Potential Annual NOI: $417,927
Executive Summary
Strategically located in Southeast Tyler, Omen Hill Villas is situated less than 1.5 miles from the University of Texas at Tyler. Omen Hill Villas offers 20 high-quality homes in a newly constructed 32-home built-to-rent community featuring a dog park, plenty of parking, and gated security.
The 20 homes for sale within Omen Hill Villas are currently under Drake Management and fully leased — management is willing to stay on with the next Buyer. Utilities for each home are metered separately, including the master-controlled irrigation system in place.
The 20 homes for sale are all currently leased with an average rent per home of just above $2,400 / month — market rent is closer to $2,495 / month.
The 20 homes for sale within Omen Hill Villas are currently under Drake Management and fully leased — management is willing to stay on with the next Buyer. Utilities for each home are metered separately, including the master-controlled irrigation system in place.
The 20 homes for sale are all currently leased with an average rent per home of just above $2,400 / month — market rent is closer to $2,495 / month.
Property Facts
| Price | $9,720,155 CAD | Building Class | B |
| Price Per Unit | $486,008 CAD | Lot Size | 4.55 AC |
| Sale Type | Investment | Building Size | 38,000 SF |
| Cap Rate | 5.98% | Average Occupancy | 100% |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 2023/2024 |
| Property Subtype | Apartment | Parking Ratio | 0.53/1,000 SF |
| Apartment Style | Single-Family Home | Opportunity Zone |
Yes
|
| Zoning | QOZ - Outside City Limits; QOZ | ||
| Price | $9,720,155 CAD |
| Price Per Unit | $486,008 CAD |
| Sale Type | Investment |
| Cap Rate | 5.98% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | B |
| Lot Size | 4.55 AC |
| Building Size | 38,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 2023/2024 |
| Parking Ratio | 0.53/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | QOZ - Outside City Limits; QOZ |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2.5 | 20 | - | 1,900 |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $5,134,903 CAD | |
| Land Assessment | $220,816 CAD | Total Assessment | $5,355,719 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$220,816 CAD
Improvements Assessment
$5,134,903 CAD
Total Assessment
$5,355,719 CAD
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Omen Hill Villas - 20 Home Package | 4344 Macnab Dr
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