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22080281
22080280

1011 McClenny Dr, Tyler, TX 75703

HT
TX 657136
NWP Management
NW
TX TX 391425
NWP Management
Listed by NWP Management
$7,300,000
458 days on market
Updated 6 days ago

McClenny Park

Details
Property Type Multifamily
Sub Type Duplex
Square Footage 31,955
Net Rentable (SqFt) 31,955
Units 26
Cap Rate 5.04%
NOI $368,274
Occupancy 100%
Pro-Forma Cap Rate 5.66%
Pro-Forma NOI $413,088
Price per SqFt $228
Class A
Year Built 2023
Buildings 9
Acreage 4.887
Parking Spaces 3 per unit
Investment Type Stabilized
Ownership 100

New Construction Gated Townhome Community in South Tyler – Investment Opportunity!

Marketing description

Discover one of Tyler’s newest and most sought-after townhome communities, offering modern design, premium amenities, and an unbeatable location in South Tyler. This new construction is a prime investment opportunity for those looking to add to their portfolio or explore steady rental income.

Property Features:

  • Unit Configuration:

    • 1 Single Family Home

    • 17 Units with 2 Bedrooms / 2 Bathrooms

    • 9 Units with 3 Bedrooms / 2 Bathrooms

  • Square Footage: Spacious living areas, including large living rooms and two-car garages

  • Interior: High-end granite countertops, raised ceilings with recessed lighting, and stainless steel kitchen appliances

  • Exterior: Covered porches, privacy fenced-in backyards, and included lawn care with rent

  • Additional Features: All units come with premium finishes, making them highly desirable for renters.

  • Gated Community: Offering added security and exclusivity, the property is located in a gated community, providing peace of mind for tenants.

  • End of Dead-End Street: Situated at the end of a quiet dead-end street with no through traffic, ensuring a calm, peaceful environment for residents.

Investment Highlights:

  • Rent Potential: This property is in a high-demand area, offering easy access to local amenities and major roads. The modern features, gated entry and desirable unit configurations make it an attractive option for tenants seeking comfort and convenience.

  • Highly Desirable Location: Located in the heart of South Tyler, this community is within close proximity to major shopping centers, restaurants, entertainment, and schools, providing tenants with everything they need just minutes away. This prime location ensures a steady stream of potential renters seeking convenience and accessibility.

  • Turnkey Management: The property is professionally managed by Nanci Wright Property Management, offering round-the-clock emergency maintenance, bi-monthly air filter changes, and preventative maintenance inspections.

  • Tenant Convenience: Lawn care included in the rent, making it a hassle-free investment for both owners and tenants.

Pet Policy:

  • The community is pet-friendly, with a pet deposit required for each approved pet (fully refundable upon move-out with lawful deductions). Please note, certain aggressive breeds are restricted. Contact the leasing agent for more details.

Additional Info:

  • Utilities: Tenants responsible for all utilities.

  • Service/Emotional Support Animals: Separate screening application required for service or emotional support animals.

Why Invest:

  • High Demand Area: South Tyler's convenient location ensures a steady pool of prospective tenants.

  • Attractive Rent Potential: The modern design and desirable amenities make these units a top choice for renters, offering a competitive edge in the local market.

  • Fully Leased: Units are currently in high demand and typically lease quickly, ensuring immediate rental income potential.

Investment highlights

  • Rent Potential: This property is in a high-demand area, offering easy access to local amenities and major roads. The modern features, gated entry and desirable unit configurations make it an attractive option for tenants seeking comfort and convenience.

  • Highly Desirable Location: Located in the heart of South Tyler, this community is within close proximity to major shopping centers, restaurants, entertainment, and schools, providing tenants with everything they need just minutes away. This prime location ensures a steady stream of potential renters seeking convenience and accessibility.

  • Turnkey Management: The property is professionally managed by Nanci Wright Property Management, offering round-the-clock emergency maintenance, bi-monthly air filter changes, and preventative maintenance inspections.

  • Tenant Convenience: Lawn care included in the rent, making it a hassle-free investment for both owners and tenants.

  • Tyler's Rapid Growth: Tyler is a rapidly growing city in the heart of East Texas that has caught the eye of investors from all over the globe. With an increasing rental market, booming growth, and being voted number one for retirement in the state, Tyler is becoming one of the most desirable places to live and invest in Texas.

Listing Contacts

HT
TX 657136
NWP Management
NW
TX TX 391425
NWP Management
Listed by NWP Management

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$368,274.00
$30,689.50/mo

Valuation Metrics

0
DSCR
5.04%
Cap Rate
5.04%
ROI

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Additional Information

Name
Hannah Tavenner
License
657136
Brokerage
NWP Brokerage
Name
Nanci Wright
License
TX 391425
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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