118 S BeverlyTyler, TX 75702

Description

7-Unit Multifamily Investment Opportunity Near Downtown — Opportunity to acquire a 7-unit multifamily property priced at just $150,000, offering significant income and value-add potential. With over 4,000 square feet, 10 total bedrooms, and 8 bathrooms, the property consists of five units in the main building plus two additional units in a separate guest house. With gross rent potential north of $5,000 per month, there is plenty of upside for an investor willing to put in some work. The property needs a little love, but improvements and better management could provide an opportunity to increase rents, improve operations, and build equity. Conveniently located near downtown, giving tenants easy access to employment, shopping, dining, and everyday amenities. At this price point, investors are getting 7 units, 10 bedrooms, 8 bathrooms, two structures, 4,000+ square feet, and $60,000+ in potential annual gross rental income—a compelling value-add opportunity for the right buyer.

Property Information

Property type

Residential

Sub-type

Single Family Residence

Style

Traditional

Year built

1920

Living area

4,000 Sq Ft

Days on market

13

MLS^® Listing#

26013107

Property Features

Appliances

Electric Range

Cooling

Central Air · Electric

Heating

Central · Electric

Fireplace

Other

Pool

None

Patio

Patio · Covered

Fencing

None

Construction

Frame

Foundation

Pillar/Post/Pier

Roof

Composition

Security

Closed Circuit Camera(s)

Utilities

Cable Available

Sewer

Public Sewer

Schools

Elementary

Bonner

Middle

Moore

High

Tyler High

Financial Details

HOA

None

Directions

N on Beckham, Right on Erwin, Right on Beverly, home is on the left