140 Fm 16 W, Tyler, TX 75706

$649,900
3,432
SqFt

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List Price
$649,900
Status
ACTIVE
MLS#
26003219
Subtype
Residential Income
Year Built
1964
Living Area
3,432
Lot Size
283,749
Acres
6.51
Subdivision
ABST A0377 C GREEN

Property Description

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!

Additional Information

Taxes
$7,950
Heating
Central
Air Conditioning
Central Air
Levels
One
Foundation
Slab
Parking Features
1 Space Per Unit, Paved
Elementary School
Winona
Middle School
Winona
High School
Winona

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Term of Loan
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Calculator source: Real Geeks

Listing Courtesy of: with Keller Williams Realty-Tyler. annel@kw.com

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. 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. This information is deemed reliable, but not guaranteed.