ASSUMABLE FIXED 6% 30 Year Note! | 8406 Cambridge Rd
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ASSUMABLE FIXED 6% 30 Year Note! 8406 Cambridge Rd
16 Unit Apartment Building $5,200,000 ($325,000/Unit) 5.77% 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
FULLY 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.
Property Facts
| Price | $5,200,000 | Building Class | B |
| Price Per Unit | $325,000 | Lot Size | 1.88 AC |
| Sale Type | Investment | Building Size | 30,084 SF |
| Cap Rate | 5.77% | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment | Parking Ratio | 0.09/1,000 SF |
| Apartment Style | Townhome |
| Price | $5,200,000 |
| Price Per Unit | $325,000 |
| Sale Type | Investment |
| Cap Rate | 5.77% |
| 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 |
| R2 |
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ASSUMABLE FIXED 6% 30 Year Note! | 8406 Cambridge Rd
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