Property Listing No Longer Available for Sale

13481 HWY 155, TYLER, TX

Multi-family for Sale - $625,000 - 3,557 Sq. Ft. on 2.99 acres


Property Info

CIMLS#1062288
Location
  13481 HWY 155
  TYLER TX 75703
UpdatedNovember 15th, 2019
TypeMulti-family
Price$625,000
Building3,557 Sq. Ft.
Land2.99 acres

Property Description

3 acre commercial property with three buildings (100% Occupancy) that provide NNN lease income. Currently the property is netting~$44,000 annually. Huge potential upside on this property to increase rents to current market rate. See additional documents for proforma numbers of increased rental income. Open acreage available next door to office that could be built for increased income fromproperty. No zoning classification used on property.


Financials

Office space tenant has 1.5 years remaining on 3 year option. Tenant would sign long term NNN lease (5+ years) according to seller. They have occupied the office since 2014. House is rented by owners/operators of Donut Palace next door. Barndominium leases for $180 per month to family friend. This space's rent could be immediately increased (month to month lease). See pictures for interior.