$649,500
11488 SPur 248, Tyler, TX 75707
Current Rent **
$6,455
Projected Rent **
$6,800
The Alcove: 8-Plex
Built in 1985, the Alcove is comprised of 8 studio apartments. All units have been renovated during the last 5 years, and capital improvements the last two years include: new septic system, updated electrical, and just finished this month (January 2025): a new roof, gutters, and new paint exterior ($71,000). Each apartment is 460 sq ft and has its own private, covered patio. It is a two-story building with plenty of parking on-site, plus a laundromat. T12 NOI was $50,371(7.3 Cap). Current monthly rent roll is $6,455. No owner-financing. Easy to manage! 903-570-8835
Location:
11488 SPur 248, Tyler, TX 75707
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** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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