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22127411
22127408

528 S Saunders Ave, Tyler, TX 75702

HT
TX 657136
NWP Management
NW
TX TX 391425
NWP Management
Listed by NWP Management
$3,900,000
457 days on market
Updated 24 days ago
Opportunity zone

Hospitality House

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 26,124
Net Rentable (SqFt) 25,000
Units 54
Cap Rate 5.13%
NOI $200,000
Occupancy 75%
Pro-Forma Cap Rate 10.71%
Pro-Forma NOI $417,533
Price per SqFt $149
Broker Co-Op No
Class C
Year Built 1962
Year Renovated 2023
Buildings 1
Stories 2
Acreage 1.091
Zoning Commercial
Parking Spaces 51 spaces
Parking Per SqFt 1.95
Investment Type Value Add
Occupancy Date 03/03/2025
Ownership 100

Investment Opportunity: Fully Furnished Efficiency Units in Prime Tyler Location

Marketing description

Presenting an exceptional investment opportunity in Tyler, TX, situated just across the street from Christus Trinity Mother Frances Hospital and the Northeast Texas Cancer and Research Institute, and only 0.5 miles from UT Health East Texas. This property is perfectly positioned to meet the housing demand for traveling healthcare professionals and long-term outpatients, capitalizing on the growing need for quality, flexible rental options in a key medical hub.

This property offers fully furnished efficiency units, each with a stove, refrigerator, and microwave, making it ideal for both short-term (3 months) and long-term (12-18 months) leases. The convenience of all utilities being included for an additional $50 per month—along with Wi-Fi—makes it an attractive option for both short-term and long-term renters, particularly those seeking outpatient treatment. Tenants, especially short-term renters, benefit from not having to worry about connecting utilities, which is a major bonus for families or patients in need of extended care.

Key Investment Highlights:

  • Fully furnished and 1 bedroom units

  • Prime location near major medical centers

  • Flexible lease options: Short-term (3 months) and Long-term (12-18 months)

  • All utilities included for an additional $50/month

  • Wi-Fi provided, offering added value to tenants

  • Onsite coin-operated laundry facility

  • Pet-friendly (with breed restrictions)

  • Bi-monthly HVAC inspections and preventative maintenance

  • High demand from healthcare professionals, out-of-town patients, and families

Strategic Location for Healthcare Needs:
Tyler is the healthcare hub for many small towns in the region, home to state-of-the-art medical facilities. With a large number of patients requiring extended treatments, many individuals and families opt for short-term leases at Hospitality House to avoid long drives while receiving care. In addition to traveling medical professionals, this property also attracts out-of-state families of patients who need a comfortable, convenient place to stay for extended periods.

Investment Potential:
With the constant influx of patients and healthcare professionals, this property is positioned to provide a stable and profitable rental income. The ability to cater to both short-term stays and long-term tenants creates significant revenue potential, and the demand for flexible housing options is only expected to grow.

This property offers strong potential for consistent returns and would make an excellent addition to any real estate portfolio.

Investment highlights

Key Investment Highlights:

  • Fully furnished efficiency and 1 bedroom units

  • Prime location near major medical centers

  • Flexible lease options: Short-term (3 months) and Long-term (12-18 months)

  • All utilities included for an additional $50/month

  • Wi-Fi provided, offering added value to tenants

  • Onsite coin-operated laundry facility

  • Pet-friendly (with breed restrictions)

  • Bi-monthly HVAC inspections and preventative maintenance

  • High demand from healthcare professionals, out-of-town patients, and families

Listing Contacts

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

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Loan Amount
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Annual Cash Flow
$200,000.00
$16,666.67/mo

Valuation Metrics

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DSCR
5.13%
Cap Rate
5.13%
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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