11394 FM 2661 1 Unit Apartment Building $449,900 ($449,900/Unit) 9.49% Cap Rate Tyler, TX 75709

Investment opportunity in Tyler, TX, situated on 3 acres and offering multiple income streams and significant operational flexibility. The property is currently configured for room rentals with 8 individual rooms plus 1 studio apartment.
Under a room-rental model, the property has the potential to generate approximately $6,000 per month ($72,000 annually) in gross rental income, with additional upside through further optimization, including the potential addition of another unit.
The home features distinctive architectural character, offering the appeal of a historic style property without formal historic designation.
The flexible configuration may appeal to investors seeking strong cash flow, while also allowing for potential partial owner occupancy.
Conveniently located on FM 2661 near Tyler, with access to major roads, employment centers, shopping, and everyday amenities, while offering the benefits of being outside Tyler city limits.
Investment Highlights
3 acres
8 individual rooms + 1 studio apartment
Potential gross rental income of approximately $6,000/month
Approximately $72,000 in potential annual gross income
Multiple income streams
Potential for additional units
Flexible room rental configuration
Outside Tyler city limits
Convenient access to Tyler and surrounding areas
A unique opportunity for an investor seeking strong income potential, flexibility, and room for future optimization in the Tyler market.