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Listing provided courtesy of Keller Williams Realty-Tyler- MLS# 21292240MLS ProviderContact Information: Karl Crawford - 903-520-5152

501 W VanceTyler, TX 75702

Multi-Family · 5 Beds · 3 Full Baths · 1 Half Bath · 2,000 Sq. ft. | 0.19 Acres
$299,900 Active

501 W Vance Overview

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Exceptional investment opportunity in Tyler, Texas! Built in 2021, this well-maintained duplex offers immediate cash flow with both units 100% occupied and generating monthly rental income. Featuring a combined total of 5 bedrooms and 3.5 bathrooms, this modern duplex is designed to attract and retain tenants with desirable finishes and functional layouts. Each unit offers beautiful granite countertops, spacious living areas, and convenient laundry closets. The newer construction provides peace of mind with reduced maintenance concerns and contemporary features today's renters appreciate. Conveniently located within the Douglas Elementary, Moore Middle School, and Tyler High School attendance zones, this property offers strong rental appeal in a growing East Texas market. Whether you're looking to expand your investment portfolio or secure a turnkey income-producing property, this fully leased duplex delivers immediate returns and long-term potential. Don't miss this opportunity to own a newer construction investment property in one of Tyler's most active rental markets.

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501 W Vance Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,000
  • Price/Sq.ft. $150
  • Lot 0.19 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Tyler ISD
  • Elementary School: Douglas
  • Middle Or Junior School: Moore Mst Magnet
  • High School: Tyler

Income/Expenses

  • Gross Income: 30000.0
  • Net Operating Income: 30000.0
  • Operating Expense Includes: Professional Management

Building Information

  • Year Built: 2021
  • Year Built Details: Preowned

Location/Region

  • Country: US
  • County Or Parish: Smith
  • Postal City: TYLER
  • Subdivision Name: Sol Katz

Community/Development

  • Community Features: Curbs

Tax Information

  • Tax Annual Amount: 4697.0

General Information

  • Listing Terms: Cash,Conventional,Other
  • Parcel Number: R055218
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Senior Community: No

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Full: 3
  • Bathrooms Half: 1
  • Bathrooms Total: 4
  • Bedrooms Total: 5

Building Interior

  • Building Area Source: Assessor
  • Building Area Total: 2000.0

General Information

  • Appliances: Dishwasher,Electric Range,Disposal,Microwave
  • Basement: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Luxury Vinyl Plank
  • Foundation Details: Slab
  • Interior Features: Double Vanity,Granite Counters,High Speed Internet,Open Floorplan,Cable TV,Walk-In Closet(s)
  • Levels: One
  • Security Features: Security Lights
  • Stories: 1
  • Window Features: Window Coverings

Exterior

Parking Information

  • Parking Features: Parking Pad
  • Parking Total: 4.0

Lot Information

  • Lot Size Acres: 0.19
  • Lot Size Area: 0.19
  • Lot Size Square Feet: 8276.4
  • Lot Size Units: Acres
  • Number Of Buildings: 1
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Attached Garage: No
  • Construction Materials: Brick
  • Patio And Porch Features: Covered
  • Roof: Composition

General Information

  • Exterior Features: Lighting,Rain Gutters
  • Fencing: None
  • Number Of Units Total: 2
  • Pool Features: None
  • Sewer: Public Sewer
  • Utilities: Overhead Utilities,Sewer Available,Water Available,Cable Available

Unit Information

Unit 2 Details

  • Unit Type: 2 Bedroom
  • Units Total: 1

Unit 1 Details

  • Unit Type: 3 Bedroom
  • Units Total: 1
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501 W Vance Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.
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