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12036 State Highway 64, Tyler, TX, 75704

$2,350,000

Home List Price

$10,000*

Closing Credit

0 Baths
House
Schools Nearby

Location

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12036 State Highway 64, Tyler$2,350,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingOn Site, Off Street, Paved, Varies by Unit
Year Built2024
HeatingCentral, Electric
CoolingCentral Air, Electric
FireplaceNone
MLS #20571800
Lot Size1.19 Acres
StatusActive

About 12036 State Highway 64

Newly renovated & constructed 14-unit multi-family investment opportunity on Hwy 64 just outside of Tyler's West Loop 323. Construction of three remaining structures expected by early Summer 2024 — already lined-up with tenants. Fantastic passive income opportunity in Tyler, TX. Close to many commercial retailers, Tyler High School, and Walmart Supercenter. The property includes 1 single family home, 3 duplexes, and 7 luxury cottages for a total of 9,936 leasable sqft. 3 cottages still under construction—May or June 2024 completion (tenants pre-approved for move-in upon completion). Annual Pro Forma Metrics: $182,923 Effective Rental Income (3% Vacancy); $129,931 NOI; 5.5% CAP. Currently 100% occupied and ready to cash flow upon construction completion. Reach out to the agent for financial documents and more unit details.

Property Details

Property Features

Property Information:

  • Year Built: 2024
  • Stories: 1

Listing Office:

  • Office Name: Drake Real Estate & Investment
  • Office Phone: (903) 581-3737
  • Listing Agent: Matthew Marshall

Interior Features

Interior Information:

  • Appliances: Electric Oven, Electric Range, Microwave, Refrigerator
  • Flooring Type: Vinyl
  • Interior: Other, Paneling/Wainscoting
  • Fireplace: None

Exterior Features

Parking Information:

  • Parking: On Site, Off Street, Paved, Varies by Unit

Virtual/3D Tour

  • Virtual Tour: 12036 State Highway 64

Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 1.19 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Electric

School Info

Assigned Schools Information:

  • John Tyler High School, Public District Grades 9-12
  • Dixie Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: From the intersection of West Loop 323 and St Hwy 64 in Tyler, head west on St Hwy 64. Continue for about 1.35 miles and property will be on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,350,000
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Housing Market Comparison

See how this home compares to others in Tyler, TX.

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Tyler, TX

City

Med. List Price

$385K

Med. Price/SqFt

$185

Avg. Days On Market

83

# of Sold Homes

24

12036 State Highway 64 vs Tyler

31 DAYS ON ROCKET

-52 Days

$2,350,000

+$1.9M More

KEY TAKEAWAY

This property is $1.9M more than the Median List Price in Tyler, TX.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NTR
  • MLS Number: #20571800

Listing Office:

  • Office Name: Drake Real Estate & Investment
  • Office Phone: (903) 581-3737
  • Listing Agent: Matthew Marshall

IDX ©2024 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 4/28/2024, 8:25:19 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$11.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,112

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2038062
6
/10

  • Dixie Elementary School

  • 213 Patton Ln

  • 0.51 miles

  • Public District Grades PK-5

High School

school-card-donut-2038063
2
/10

  • John Tyler High School

  • 1120 N Northwest Loop 323

  • 1.39 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $33,147. The most common annual income of people living in Tyler, TX is less than $35k. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 12036 State Highway 64

What is the listing price of this property?

The listing price of 12036 State Highway 64 property is $2,350,000.

What type of property is this?

The property 12036 State Highway 64 is a house located in Tyler, Texas, 75704.

Is this property for sale now?

Active Listing: 12036 State Highway 64 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 12036 State Highway 64 are:
Dixie Elementary School: GreatSchools Rating 6/10
John Tyler High School: GreatSchools Rating 2/10

Which year was this property built?

The year of construction for 12036 State Highway 64 is 2024.

Rocket Homes›Texas›Smith County›Tyler›75704›12036 State Highway 64

This home is located at 12036 State Highway 64 in Tyler, TX and zip code 75704 in the Kirkpatrick Heights neighborhood. This home, which was built in 2024, sits on a 1.19 acre lot. It has been listed on Rocket Homes since March 27, 2024 and is currently priced at $2,350,000.

The inventory of homes for sale in Tyler, TX between February 2024 and March 2024 increased by 17.8%. The median list price of listings available in March 2024 was $385,000, while the average time on the real estate market was 83 days.

From Rocket Homes Real Estate and based on county public records data.

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