About This Home
This 0-bedroom, 0-bathroom multi-family at 140 FM 16 W in Tyler, TX is listed for $649,900 ($189 per sqft). Built in 1964, the home offers 3,432 sqft of living space on a 6.51 acres lot.
Key Features
- Built in 1964
- 6.51 acre lot
Property Details
Amenities
Investor Alert! This fully renovated Triplex is a rare find and a fantastic income-producing opportunity. Formerly a storefront/office with an attached apartment, the property has been completely reimagined into three residential units: a 1-bedroom, 1-bath, a 2-bedroom, 1-bath, and a 3-bedroom, 2-bath-perfect for a diverse tenant mix and strong rental returns.
Each unit features stylish, updated finishes, and the property includes a large parking area and fully fenced backyards, enhancing both privacy and curb appeal. Situated near I-20 at the intersection of FM 14 and FM 16 in Red Springs, this property carries a Tyler address and is located within the Winona ISD.
Whether you're an experienced investor or just starting out, this turnkey property checks all the boxes. And with room for expansion from the adjoining property, the potential here only continues to grow. Don't miss your chance to secure a property that's already generating income and offers even more opportunity for the future!
Monthly Cost Estimate
$3,476/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
140 FM 16 W
Tyler, TX 75706
ABST A0377 C GREEN
Property Details
Construction
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom multi-family at 140 FM 16 W is listed at $649,900 ($189/sqft). The estimated monthly payment is $3,476 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1964, 6.51 acre lot.
This property is listed by Ryan Major and can be reached at 9033072884.
