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33229693
33229694

6854 Lazy Vale Ct, Tyler, TX 75703

CI
TX 687179-B
Ihrig Properties
Listed by Ihrig Properties
$3,100,000
98 days on market
Updated 3 days ago

Henshaw Creek Duplex Community

Details
Property Type Multifamily
Sub Type Duplex, Duplex Community
Square Footage 14,980
Units 8
Cap Rate 6.38%
NOI $197,690
Occupancy 100%
Price per SqFt $207
Class A
Year Built 2023
Buildings 4
Stories 2
Acreage 0.959
Zoning PUR
Investment Type Stabilized

Multifamily | 8 Units | $387,500/unit

Marketing description

FOR SALE: Four newly constructed duplexes (8 total units), 100% occupied, delivering strong in-place performance at an attractive 6.3% cap rate with an average rent rate of $1.49/SF. Designed with modern finishes and durable, low-maintenance materials, this property targets quality tenants and provides a turnkey opportunity for investors seeking stabilized cash flow in a growing area.

Each unit features open-concept living, high ceilings, and abundant natural light. Kitchens are finished with stainless steel appliances, quartz countertops, custom cabinetry, and a breakfast bar. Units offer 2–3 bedrooms, including primary suites with well-appointed bathrooms featuring dual vanities and walk-in showers. Tenants enjoy fenced backyards, with yard maintenance handled by the HOA, supporting a low-touch ownership profile. Additional features include energy-efficient appliances and construction, attached 2-car garages, and ample additional parking.

The neighborhood is positioned for continued demand with future amenities planned, including a pond and walking/biking trails, and is conveniently located near shopping, schools, and parks.

Bonus Upside / Expansion: Additional duplex lots are also available for sale immediately adjacent to the community, offering a rare opportunity to expand the footprint and create a scalable duplex portfolio in one location.

Investment highlights

  • 4 newly constructed duplexes | 8 total units

  • 100% occupied with in-place cash flow

  • Offered at an attractive ~6.3% cap rate (per seller)

  • Average rent of $1.49/SF (in-place)

  • Modern unit finishes: open-concept layouts, high ceilings, strong natural light

  • Upgraded kitchens with stainless appliances, quartz countertops, custom cabinetry, and breakfast bar

  • 2–3 bedroom unit mix with primary suites; bathrooms feature dual vanities and walk-in showers

  • Fenced backyards for each unit; HOA maintains yards (reduced landlord maintenance)

  • Energy-efficient construction/features and appliances

  • Attached 2-car garages for each unit plus additional parking

  • Future neighborhood amenities planned: pond, walking & biking trails

  • Expansion upside: additional duplex lots available adjacent for future development and portfolio scaling

Listing Contacts

CI
TX 687179-B
Ihrig Properties
Listed by Ihrig Properties

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$197,690.00
$16,474.17/mo

Valuation Metrics

0
DSCR
6.38%
Cap Rate
6.38%
ROI

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Additional Information

Name
Cole Ihrig
License
687179-B
Brokerage
Ihrig Properties
Brokerage Phone
903-270-5996
Title
Owner + Broker
Brokerage Address
724 West Elm Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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