United StatesTexasTyler16319 CR 1134

16319 CR 1134 16319 CR 1134 Tyler, Texas 75709 United States

$999,000
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Calling all Developers and Investors, come take a look at this amazing 9.2 acre tract plus a 1 acre house rented by rooms which generates passive income! This one of a kind investment opportunity sitting on a great corner parcel with over 1400ft...
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Miller Homes Group

Listing Courtesy of Miller Homes Group
9.985 Acres
Exterior
Commercial
Property type
24012108
Web Id
24012108
MLS ID
Tyler Independent
School District
24
days ago

About 16319 CR 1134

Calling all Developers and Investors, come take a look at this amazing 9.2 acre tract plus a 1 acre house rented by rooms which generates passive income! This one of a kind investment opportunity sitting on a great corner parcel with over 1400ft of road frontage on Old Chandler HWY and FM 2661. Located right next to HWY 31 with over 20,000 cars passing daily and many new investments and developments being made on this fast growing area, this prime property offers many possibilities, for example 18 houses with half acre tracts can be build on the property if subdivided. Commercial projects and many more opportunities can also be made on this amazing property. The house has been divided into 8 rooms and 1 apartment. With the possibility of having another apartment in the same home. You can easily make $6,000 a month, which is $72,000 a year with an amazing 7.2% cap rate! You could rent it all, or you could just rent an area and make the rest of the home your homestead. This is a rare opportunity to own a piece of history that produces rental income and its outside the city limits but just 7 miles from Walmart, Aldi, Sams Club, Banks, Lindsay Park, restaurants and more! The property next door is a 13 acre tract currently for sale at 1.6 million so this an amazing opportunity price for value! Don't miss this one, call and schedule your showing today! Seller is willing to sell either just the acres or the house separetely

Listing Courtesy of Miller Homes Group

PROPERTY INFORMATION

Waterfront
No
Listing Courtesy of Miller Homes Group

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the Greater Tyler Association of REALTORS Multiple Listing Service. The IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is deemed reliable, but not guaranteed.

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Miller Homes Group

Listing Courtesy of Miller Homes Group
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