Excellent investment opportunity with rental income growth potential in a desirable Tyler location! This well-appointed duplex offers 3,210 total square feet, featuring two spacious 1,605-square-foot residences, each with 3 bedrooms, 2 bathrooms, a downstairs primary suite, fireplace, attached garage with direct interior access, and private fenced backyard. Located approximately 4… Read More miles from the University of Texas at Tyler, this property combines an attractive residential setting with convenient access to shopping, dining, medical facilities, and major employment centers.
One unit is currently leased at $1,450 per month, providing immediate rental income, while the second unit is vacant and currently offered for lease at $1,550 per month. With spacious floor plans, desirable amenities, and rental rates that may offer room for future growth, this property presents an opportunity for investors to evaluate increased income potential as leases turn over and market conditions allow. The vacant unit also offers flexibility for an owner-occupant interested in house hacking, living in one residence while collecting rental income from the other.
Both units feature functional layouts with comfortable living spaces and sought-after amenities. One residence offers newer luxury vinyl plank flooring, while the other features tile flooring. Individual garages, private fenced backyards, and separate utilities enhance the property's appeal, while the absence of an HOA provides additional ownership flexibility.
Whether you're expanding an existing rental portfolio, seeking a multifamily investment with value-add potential through rental optimization, or exploring owner-occupied investment opportunities, this East Tyler duplex offers an appealing combination of location, existing income, and future potential. Don't miss the opportunity to add this versatile income-producing property to your portfolio! Read Less
Courtesy of Keller Williams Realty-Tyler, Markie Severtson.
Listing Snapshot
Days Online
1
Last Updated
Property Type
Duplex
Beds
6
Full Baths
4
Lot Size
0.26 Acres
Year Built
2009
MLS Number
21420064
Additional Details
Appliances & Equipment
Dishwasher, ElectricRange
Building
Built in 2009, Year Built Details: Preowned, 1 building, Levels: Two, Construction Materials: WoodSiding
Cooling
CentralAir, CeilingFans, Electric
Expenses
Insurance: $3,700
Fence
BackYard, Wood
Floors
CeramicTile, LuxuryVinylPlank
Foundation
Slab
Garage
1 spaces
Heating
Central, Electric
Income
Gross Income: $36,000, Net Operating Income: $25,400
Interior Features
HighSpeedInternet, OpenFloorplan, CableTv
Lot
0.26 acres
Parking
3 total parking spaces, AdditionalParking
Pool
None
Property
Resale
Roof
Composition
Sewer
PublicSewer
Taxes
Parcel Number: 150000132112007000, Annual Amount: $6,027, Tax Block: 1321, Legal Description: TIMBER CREEK BLOCK 1321-L LOT 7, Lot: 7
Utilities
SewerAvailable, WaterAvailable, CableAvailable, Water Source: Public
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