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 | |
Updated | November 15th, 2019 |
Type | Multi-family |
Price | $625,000 |
Building | 3,557 Sq. Ft. |
Land | 2.99 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.