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Manor Oak 2980 Elkton Trl 6 Unit Apartment Building $1,595,000 ($265,833/Unit) 6.63% Cap Rate Tyler, TX 75703
Investment Highlights
- High-quality finishes across 6 fully leased units
Executive Summary
Discover Manor Oak, a high-quality, fully stabilized Class A Multi-Family Rental Portfolio in the growing market of Tyler, TX. This rare investment opportunity includes 1 Duplex, 1 Triplex, and 1 Single Family, totaling 6 modern units across 3 buildings. Situated on a 0.951-acre lot with 11 dedicated parking spaces and 10,845 SF of rentable space, Manor Oak provides a turnkey opportunity with consistent income and durable construction built in 2016.
Property Facts
| Price | $1,595,000 | Building Class | B |
| Price Per Unit | $265,833 | Lot Size | 0.95 AC |
| Sale Type | Investment | Building Size | 10,845 SF |
| Cap Rate | 6.63% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2016 |
| Property Subtype | Apartment | Parking Ratio | 0.92/1,000 SF |
| Apartment Style | Townhome |
| Price | $1,595,000 |
| Price Per Unit | $265,833 |
| Sale Type | Investment |
| Cap Rate | 6.63% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.95 AC |
| Building Size | 10,845 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2016 |
| Parking Ratio | 0.92/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Disposal
- Microwave
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Granite Countertops
- Refrigerator
- Oven
- Lawn
- Patio
- Smoke Free
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | - | 1,507 |
| 3+2 | 5 | - | 1,814 - 1,941 |
Property Taxes
| Parcel Number | 1-50000-1660-14-034000 | Improvements Assessment | $1,441,156 |
| Land Assessment | $133,844 | Total Assessment | $1,575,000 |
Property Taxes
Parcel Number
1-50000-1660-14-034000
Land Assessment
$133,844
Improvements Assessment
$1,441,156
Total Assessment
$1,575,000
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Manor Oak | 2980 Elkton Trl
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