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11394 FM 2661 1 Unit Apartment Building Offered at $349,900 at a 12.20% Cap Rate Tyler, TX 75709
Executive Summary
High cash flow investment opportunity in Tyler, TX. This income producing property is currently configured as a room rental featuring 8 individual rooms plus 1 studio apartment, offering multiple income streams.
The property has the potential to generate approximately $6,000 per month ($72,000 annually) under a room rental model, with additional upside through further optimization, including the possibility of adding another unit.
The home showcases classic architectural character, offering the appeal of a historic style property without formal historic designation.
This asset provides flexibility for investors seeking strong cash flow, as well as the option for partial owner occupancy if desired.
Conveniently located near major roads, employment centers, and everyday amenities, while still offering the benefits of being outside city limits.
A unique opportunity to acquire a high yield investment property with income potential and operational flexibility.
The property has the potential to generate approximately $6,000 per month ($72,000 annually) under a room rental model, with additional upside through further optimization, including the possibility of adding another unit.
The home showcases classic architectural character, offering the appeal of a historic style property without formal historic designation.
This asset provides flexibility for investors seeking strong cash flow, as well as the option for partial owner occupancy if desired.
Conveniently located near major roads, employment centers, and everyday amenities, while still offering the benefits of being outside city limits.
A unique opportunity to acquire a high yield investment property with income potential and operational flexibility.
Property Facts
| Price | $349,900 | No. Units | 1 |
| Price Per Unit | $349,900 | Property Type | |
| Sale Type | Investment | Building Size | 4,070 SF |
| Cap Rate | 12.20% | No. Stories | 2 |
| Gross Rent Multiplier | 4.86 | Year Built/Renovated | 1900/2025 |
| Price | $349,900 |
| Price Per Unit | $349,900 |
| Sale Type | Investment |
| Cap Rate | 12.20% |
| Gross Rent Multiplier | 4.86 |
| No. Units | 1 |
| Property Type | |
| Building Size | 4,070 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1900/2025 |
1 1
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
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11394 FM 2661
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