GREAT INVESTMENT OPPORTUNITY: DUAL INCOME PROPERTY WITH RENTAL POTENTIAL

Asking Price: $175,000
1425 Crescent Dr Tyler, TX Usa

About 1425 Crescent Dr:

Title: Great Investment Opportunity: Dual Income Property with Rental Potential

Introduction:
Are you looking for a solid investment opportunity that can generate a steady stream of income? Look no further! We are thrilled to present you with an exceptional property that offers the perfect blend of comfortable living and incredible rental potential. This two-bedroom, one-bathroom home with a separate garage apartment is an ideal option for savvy investors seeking to diversify their portfolio. With immediate move-in availability and attractive rental rates, this property is a golden opportunity you don't want to miss.

Property Details:
Situated in a desirable location, this charming property boasts a two-bedroom, one-bathroom main house and a separate garage apartment. This unique setup provides the flexibility to live in the front house while renting out the back apartment, allowing you to enjoy the benefits of additional income or use it to help cover your mortgage payments.

The main house features a spacious layout, providing ample room for comfortable living. The two well-appointed bedrooms offer privacy and tranquility, ensuring a peaceful retreat after a long day. The bathroom is modern and well-maintained, offering convenience and functionality.

The real gem of this property is the garage apartment, offering a cozy and self-contained living space. With one bedroom, a bathroom, and a well-equipped kitchen, this apartment is perfect for tenants seeking privacy and independence. The separate entrance ensures both occupants can enjoy their own space while maintaining a sense of community.

Rental Potential:
This property has a proven track record of generating attractive rental income. The main house has previously commanded a rent of $950 per month, while the garage apartment has been rented out for $700 per month. With these figures in mind, you can rest assured that this investment will yield significant returns. Renting out the garage apartment allows you to offset a considerable portion of your mortgage, making this property an excellent financial asset.

Location:
Conveniently located in a sought-after area, this property offers easy access to schools, shopping centers, parks, and public transportation. Its proximity to desirable amenities ensures high demand from potential tenants, making it an ideal investment for those seeking long-term value and growth.

Conclusion:
If you're searching for a great investment opportunity that offers both a comfortable living space and the potential for rental income, this property is the perfect fit for you. With a two-bedroom, one-bathroom main house and a separate garage apartment, this property allows you to enjoy the benefits of dual income. The proven rental history, previous rental rates of $950 and $700 respectively, and the ability to live in the front house make this investment a smart and lucrative choice.

Don't miss out on the chance to add this exceptional property to your portfolio. Call your investment agent today and seize this golden opportunity. Invest wisely and secure your financial future with this fantastic investment opportunity.

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Features of Property

Type

Single family residence

Year Built

Built in 1937

Heating

Central/electric

Other

Central electric

Parking

Open parking

Lot

No data

Price/sqft

$178 price/sqft

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Features of Building

Bedrooms & bathrooms
Bedrooms

2

Bathrooms

1

Full bathrooms

1

Bedroom
Level

Main

Bathroom
Features

Shower/Tub, Bar

Dining room
Features

Separate Formal Dining

Flooring
Flooring

Tile

Heating
Heating features

Central/Electric

Cooling
Cooling features

Central Electric

Appliances
Included Appliances

Range/Oven-Gas

Interior features
Interior features

Ceiling Fan(s)

Other interior features
Total structure area

984

Total interior livable area

984 sqft

Fireplace features

Decorative

Parking
Parking features

Open

Has uncovered spaces

Yes

Property
Levels

One

Stories

1

Pool features

None

Patio & porch details

Patio Open, Porch

Fencing

Wood

Other property information
Additional structures included

None

Parcel number

150000066907103000

Special conditions

None

Type & style
Home type

SingleFamily

Architectural style

Cottage

Property subType

Single Family Residence

Material information
Construction materials

Wood Frame

Foundation

Pillar/Post/Pier

Roof

Composition

Condition
Year built

1937

Other construction
Warranty included

Yes

Utility
Sewer information

Public Sewer

Water information

Public

Utilities for property

Overhead Utilities

Location
Region

Tyler

Subdivision

Crescent Heights Gardens

Other facts
Listing terms

Conventional,Cash

Road surface type

Paved

Property Agent

Juan Gonzalez

RE/MAX Tyler

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