McClenny Townhomes 1011 McClenny Dr 26 Unit Apartment Building $7,695,000 ($295,962/Unit) 4.80% Cap Rate Tyler, TX 75703

Discover one of Tyler’s newest and most sought-after townhome communities, offering modern design, premium amenities, and an unbeatable location in South Tyler. This new construction is a prime investment opportunity for those looking to add to their portfolio or explore steady rental income.
Property Features:
Unit Configuration:
1 Single Family Home
17 Units with 2 Bedrooms / 2 Bathrooms
9 Units with 3 Bedrooms / 2 Bathrooms
Square Footage: Spacious living areas, including large living rooms and two-car garages
Interior: High-end granite countertops, raised ceilings with recessed lighting, and stainless steel kitchen appliances
Exterior: Covered porches, privacy fenced-in backyards, and included lawn care with rent
Additional Features: All units come with premium finishes, making them highly desirable for renters.
Gated Community: Offering added security and exclusivity, the property is located in a gated community, providing peace of mind for tenants.
End of Dead-End Street: Situated at the end of a quiet dead-end street with no through traffic, ensuring a calm, peaceful environment for residents.
Investment Highlights:
Rent Potential: This property is in a high-demand area, offering easy access to local amenities and major roads. The modern features, gated entry and desirable unit configurations make it an attractive option for tenants seeking comfort and convenience.
Highly Desirable Location: Located in the heart of South Tyler, this community is within close proximity to major shopping centers, restaurants, entertainment, and schools, providing tenants with everything they need just minutes away. This prime location ensures a steady stream of potential renters seeking convenience and accessibility.
Turnkey Management: The property is professionally managed by Nanci Wright Property Management, offering round-the-clock emergency maintenance, bi-monthly air filter changes, and preventative maintenance inspections.
Tenant Convenience: Lawn care included in the rent, making it a hassle-free investment for both owners and tenants.
Pet Policy:
The community is pet-friendly, with a pet deposit required for each approved pet (fully refundable upon move-out with lawful deductions). Please note, certain aggressive breeds are restricted. Contact the leasing agent for more details.
Additional Info:
Utilities: Tenants responsible for all utilities.
Service/Emotional Support Animals: Separate screening application required for service or emotional support animals.
Why Invest:
High Demand Area: South Tyler's convenient location ensures a steady pool of prospective tenants.
Attractive Rent Potential: The modern design and desirable amenities make these units a top choice for renters, offering a competitive edge in the local market.
Fully Leased: Units are currently in high demand and typically lease quickly, ensuring immediate rental income potential.