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Property Description

Built in 2016 the property features a 12-unit multifamily and a 1,325 SF single family home on 5 acres, this property is a rare find. With a 5.2% pro forma capitalization rate, below average rents, and more acreage for expansion with city utilities at the site, this property is an excellent choice for investors seeking a solid return on investment. This property is adjacent to a major development to the East on Loop 323, 1 mile to the East that has Brookshires Grocery Store purchasing 9 acres in February 2023 and QSR pad sites under contract to national QSR’s. Infrastructure construction to begin Q2 2023. Call broker for financial information. Appraisal completed in February 2023.

: Central Electric
: Central Electric
Address Map
Bellwood Lake Road
W96° 38' 3.6''
N32° 20' 22.3''
Additional Information
Head west on hwy 31 W. Take a left on Bellwood Lake Road about 1.5 miles outside of Loop 323
Scarborough Commercial Real Estate

9099 Bellwood Lake Road

Tyler, Texas 75709

5.02 Acre
MLS #23002452
Basic Details
Status : Active
Property Type : Building
Lot Size : 5.02 Acre
Price : $1,520,000
Year Built : 2016
MLS : 23002452
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