13491 Cr 472

    Lindale, TX 75771
    • $3,150,000
    • STATUS: Active
    • ON SITE: 133 days
    • MLS #: 10117583
    UPDATED: 72 min ago
    $3,150,000
    • 0
      BEDS
    • 2.77
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1983
    County:
    Area:

    School Ratings & Info

    Description

    Property Description Cedar Knoll is a 42-unit Class B apartment community located in Lindale, Texas. This investment opportunity has been well maintained since its original 12 units were constructed in 1983. From 1997 through 1999, 30 units were added. The complex boasts a strong unit mix of 14 one-bedroom/one-bath units ranging from 446 to 644 square feet, 28 two-bedroom/one bath units ranging from 678 to 866 square feet and one rentable office. Physically speaking, Cedar Knolls parking surface is completely concrete, all five of its buildings have pitched roofs (one shingle, four metal), the foundation is concrete slab, and 36 of the units have individual air conditioning units, and the remaining six have wall-mounted air conditioners. There is an on-site laundry facility with five washers and six dryers which are owned and operated by an independent contractor and the owner gets a percentage from the income. One of the most attractive features of Cedar Knoll is its location in Lindale, Texas, the limited submarket rental competition and a very beneficial feature is that an extra 12 units that can be added to this already highly successful investment. (See approval from the City of Lindale and site plan under Brochures & Other Documents) Lindales official website declares that "(Lindale) is poised for explosive retail and residential growth and "With an eye toward the future, Lindale is becoming a preferred destination of forward-thinking businesses. With many other East Texas tertiary markets beginning to make a strong name for themselves, its no surprise that Lindale is following suit. There are currently over 30 well known brand businesses within a 1/2 mile radius from Cedar Knoll. (See attached map) Lindale is in one of the top 10 best school districts in East Texas and is one of top reasons why parents want to live at the Cedar Knoll Apartments.

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    The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the Greater Tyler Association of REALTORS® Multiple Listing Service. The IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. This information is deemed reliable, but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2020-05-30T09:28:37.737.
    www.tylerhousehunters.com/homes/102387213

    13491 Cr 472 Lindale, TX 75771

    • Price: $3,150,000
    • Status: Active
    • Updated: 72 min ago
    • MLS #: 10117583
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.77
    Acres
    1983
    Built
    Neighborhood:
    Smith
    County:
    Smith
    Area:
    Smith
    Property Description
    Property Description Cedar Knoll is a 42-unit Class B apartment community located in Lindale, Texas. This investment opportunity has been well maintained since its original 12 units were constructed in 1983. From 1997 through 1999, 30 units were added. The complex boasts a strong unit mix of 14 one-bedroom/one-bath units ranging from 446 to 644 square feet, 28 two-bedroom/one bath units ranging from 678 to 866 square feet and one rentable office. Physically speaking, Cedar Knolls parking surface is completely concrete, all five of its buildings have pitched roofs (one shingle, four metal), the foundation is concrete slab, and 36 of the units have individual air conditioning units, and the remaining six have wall-mounted air conditioners. There is an on-site laundry facility with five washers and six dryers which are owned and operated by an independent contractor and the owner gets a percentage from the income. One of the most attractive features of Cedar Knoll is its location in Lindale, Texas, the limited submarket rental competition and a very beneficial feature is that an extra 12 units that can be added to this already highly successful investment. (See approval from the City of Lindale and site plan under Brochures & Other Documents) Lindales official website declares that "(Lindale) is poised for explosive retail and residential growth and "With an eye toward the future, Lindale is becoming a preferred destination of forward-thinking businesses. With many other East Texas tertiary markets beginning to make a strong name for themselves, its no surprise that Lindale is following suit. There are currently over 30 well known brand businesses within a 1/2 mile radius from Cedar Knoll. (See attached map) Lindale is in one of the top 10 best school districts in East Texas and is one of top reasons why parents want to live at the Cedar Knoll Apartments.
    Exterior Features

    Construction Siding Lot Dimensions 0 Parking Additional Parking Avail Parking Spaces 26-50 Road Surface Concrete Road Type City/Town Road Soil Type Sandy Loam Topography Level Water View No Waterfront No

    Interior Features

    Ceiling Height Under 10 Feet Cooling Central ElectricCentral GasIndividual ControlledWindow Unit(S) Heating Central ElectricCentral Gas

    Property Features

    Building Description Apartments Commercial Type Building Current Use Other/See Remarks Documents On File Survey Plat Electric Electric On Site Gas Lp Gas Onsite Improvements Fenced Individual Meters Individual Electric MeterOther/See Remarks Lease Terms 1 Year Location Inside City Limits Miscellaneous Security Lighting Sale Includes Building Security Gate No Sewer Public Sewer Short Sale YN No Survey Available Plat Tenant Pays CableElectricGasWater Water Public Year Built Source Scad Zoning CommercialMulti Family Dwelling

    Listing provided courtesy of Susan Swaak of Keller Williams Realty-Tyler. Listing information © 2020 Greater Tyler Association of REALTORS® Multiple Listing Service.


    The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the Greater Tyler Association of REALTORS® Multiple Listing Service. The IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. This information is deemed reliable, but not guaranteed. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2020-05-30T09:28:37.737.
     
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    1698 W. Grande
    Tyler TX, 75703