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$120,000
Est. payment /mo
1.46 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home, Vacant Land
Sub Type Residential
Listing Status Active
Purchase Type For Sale
Subdivision Tx
MLS Listing ID 26005510
Annual Tax Amount $24,437
Lot Size 1.460 Acres
Acres 1.46
Property Sub-Type Residential
Property Description
Investment Opportunity: Prime Duplex Development Lots in Southbend Creek. Location: Garrett Drive, Tyler, TX 75703. Zoning: R-2(Two-Family Residential District). Offering: Parcel Package(2 build-ready duplex lots). The Opportunity - Chance to acquire lots in the established Southbend Creek community. This package is perfectly positioned for an investor or builder looking to capitalize on Tyler's growing demand for high-quality rental housing or multi-family. Key Features - Prime Zoning: The R-2 designation is specifically designed to promote two-family dwellings, allowing for the construction of modern duplexes that blend seamlessly with the neighborhood character. Ready to Build: The package includes two usable lots suited for duplex construction. Established Neighborhood: Located on Garrett Dr., a proven area for multi-family performance with nearby units commanding strong market interest. Infrastructure Ready: The plat indicates existing 10-foot utility easements and proximity to public sewer and water lines, streamlining the pre-construction phase. Parcel Breakdown - This package consists of: Duplex Development Lots: Situated along the south side of Garrett Drive (Block 1100-C), these lots feature optimal dimensions for side-by-side or front-to-back units. Additional Buffer/Greenbelt Parcels: The package includes adjacent parcels (such as 15-L and 15-M) which can serve as greenbelts, drainage management, or privacy buffers, enhancing the long-term value and appeal of the developed units. Why South Tyler? Located in the 75703 zip code, this property benefits from: High Demand: Proximity to top-rated schools (Rice Elementary, Hubbard Middle, Tyler Legacy High). Growth Corridor: Easy access to the Loop 49 expansion and the upcoming Parkside development, a massive 600,000+ sq ft shopping and entertainment hub nearby. Strong Comps: Recent duplex sales and rentals in the immediate vicinity demonstrate a robust market for finished products.
Location
State TX
County Smith
Area Smith
Exterior
Fence None
View Y/N No
Building
Sewer Public Sewer
Water Public
Schools
Elementary Schools Rice
Middle Schools Hubbard
High Schools Tyler Legacy
Others
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
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Listed by Jeremy Caruthers • Drake Real Estate & Investments
Nearby School & Business
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