ASSUMABLE FIXED 6% 30 Year Note! 8406 Cambridge Rd

16 Unit Apartment Building $4,999,999 ($312,500/Unit) 6% Cap Rate Tyler, TX 75703

Investment Highlights

  • 6% 30-YEAR FIXED ASSUMABLE RATE OFFERED TO QUALIFIED BUYER!
  • Minutes to Midway Plaza which feature dining & shopping.
  • Beautiful new construction townhome living in prime heart of Tyler location.
  • Population within a one mile radius is 5,392

Executive Summary

98% LEASED - ASSUMABLE 6% FIXED 30 YR NOTE AVAILABLE for qualified buyer!! Beautiful Townhomes off South Broadway - The Oaks at Cambridge South residential community. Residents experience living in a bright, just built home with fresh finishes and details. Custom quality construction by Keith Culver Homes, Inc. located in a convenient yet established area in the heart of Tyler, TX- these are truly a Hidden GEM. Work, shop or dine within minutes from these townhomes. This well-kept complex is a mix of triplexes and duplexes, built with style, energy efficiency and custom details in mind. Granite countertops in kitchen with stainless appliances, including refrigerator (WITH ICE-MAKER), dishwasher, glass top range and microwave/vent hood. These homes are up to date with gorgeous wood plank vinyl flooring& tile throughout - NO CARPET! All solid surfaces for easy clean and a fresh new home feel. Many finishing touches shown in these homes including high ceilings, crown molding, custom trimmed closets and nice fans and light fixtures! Our dog park says we are Pet Friendly with nice yards and privacy fencing. These townhomes are FULL and have PRE-LEASED when openings have come available. This highly sought after location is perfect for our diverse resident needs. Owners have built and managed this community and are offering this complex for sale. This is the perfect opportunity to have a prime investment with a strong rental future.

Attachments

Oaks at Cambridge Proforma 5.2024

Property Facts

Price $4,999,999
Price Per Unit $312,500
Sale Type Investment
Cap Rate 6%
No. Units 16
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class B
Lot Size 1.88 AC
Building Size 30,084 SF
Average Occupancy 100%
No. Stories 1
Year Built 2023
Parking Ratio 0.09/1,000 SF

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Disposal
  • Microwave
  • Washer/Dryer Hookup
  • Heating
  • Ceiling Fans
  • Tile Floors
  • Crown Molding
  • Double Vanities
  • Kitchen
  • Granite Countertops
  • Vaulted Ceiling
  • High Speed Internet Access
  • Ice Maker
  • Refrigerator
  • Sprinkler System
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Walk-In Closets
  • Framed Mirrors
  • Pantry
  • Patio
  • Porch
  • Vinyl Flooring
  • Wheelchair Accessible (Rooms)
  • Window Coverings

Site Amenities

  • Wheelchair Accessible
  • Pet Play Area
  • Smoke Free

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 4 $1,995 1,286
3+2 12 $2,195 1,433

zoning

Zoning Code R2
  • Listing ID: 32000841

  • Date on Market: 6/3/2024

  • Last Updated:

  • Address: 8406 Cambridge Rd, Tyler, TX 75703