15542 County Road 178
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15542 County Road 178
24 Unit Apartment Building $6,800,000 ($283,333/Unit) 8.54% Cap Rate Tyler, TX 75703
Investment Highlights
- 24 Single Family Units Available
- Includes warehouse building at end of cul-de-sac
- New Rent Increasing to $1,900 per unit (NOT INCLUDED IN CURRENT NOI!!!)
- Beautiful private neighborhood
Executive Summary
Beautiful residential neighborhood with nearby water tower, expansive yards, and well spaced lots.
24 Single Family Units Available
NOI does not include Management and Maintenance fees, the property is currently self managed and maintained.
Current Rent set at $1,800 per unit (1 out of 24 at $1,700)
Escalating to $1,900 per unit
Includes warehouse building at end of cul-de-sac that can be used by new owner for storage or rented out for additional income.
Reach out to broker for further information on property income and sale details.
24 Single Family Units Available
NOI does not include Management and Maintenance fees, the property is currently self managed and maintained.
Current Rent set at $1,800 per unit (1 out of 24 at $1,700)
Escalating to $1,900 per unit
Includes warehouse building at end of cul-de-sac that can be used by new owner for storage or rented out for additional income.
Reach out to broker for further information on property income and sale details.
Property Facts
| Price | $6,800,000 | Building Class | B |
| Price Per Unit | $283,333 | Lot Size | 9.51 AC |
| Sale Type | Investment | Building Size | 1,450 SF |
| Cap Rate | 8.54% | Average Occupancy | 100% |
| No. Units | 24 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2018 |
| Property Subtype | Apartment | Parking Ratio | 2.76/1,000 SF |
| Apartment Style | Single Family Home |
| Price | $6,800,000 |
| Price Per Unit | $283,333 |
| Sale Type | Investment |
| Cap Rate | 8.54% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single Family Home |
| Building Class | B |
| Lot Size | 9.51 AC |
| Building Size | 1,450 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2018 |
| Parking Ratio | 2.76/1,000 SF |
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer Hookup
- Heating
- Security System
- Ceiling Fans
- Tile Floors
- Crown Molding
- Double Vanities
- Kitchen
- Granite Countertops
- Vaulted Ceiling
- High Speed Internet Access
- Refrigerator
- Oven
- Sprinkler System
- Range
- Tub/Shower
- Walk-In Closets
- Wi-Fi
- Yard
- Breakfast Nook
- Double Pane Windows
- Lawn
- Linen Closet
- Pantry
- Patio
- Smoke Free
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 24 | - | 1,450 |
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15542 County Road 178
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