3 Beds
2 Baths
1,344 SqFt
3 Beds
2 Baths
1,344 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,344 sqft
Subdivision City Of Tyler
MLS Listing ID 21420436
Bedrooms 3
Full Baths 2
HOA Y/N None
Year Built 1985
Annual Tax Amount $3,118
Lot Size 0.448 Acres
Acres 0.448
Property Sub-Type Single Family Residence
Property Description
Currently generating $1,400 per month in rental income, or $16,800 annually, the property features an established tenant who has occupied the home for approximately one year and recently renewed their lease for another 12-month term. The tenant has expressed a desire to remain long-term, offering potential for continued occupancy beyond the current lease.
The functional three-bedroom floor plan, two full bathrooms, and attached garage provide desirable features for long-term rental use. Outside, the generous 0.45-acre lot offers plenty of outdoor space, including a flourishing garden cultivated by the current tenant. The larger lot adds to the property's appeal and provides a setting that stands apart from many smaller residential rentals.
With an existing lease, established rental income, and a tenant who hopes to stay for years to come, this property presents an appealing opportunity for investors seeking an income-producing asset without the immediate need to secure a new tenant. Whether you're purchasing your first investment property or adding to an established portfolio, 3112 Bellwood Road combines affordable acquisition pricing, functional living space, and potential for long-term tenant retention. Property is being sold subject to the existing lease.
Please note: Listing photos were taken prior to the current tenant's occupancy to respect tenant privacy. The property's appearance remains substantially the same.
Location
State TX
County Smith
Direction From the intersection of Hwy 31 W and Loop 323 in Tyler, head south on Loop 323. Turn left onto Bellwood Rd and continue approximately 0.5 miles. 3112 Bellwood Rd will be on the right.
Rooms
Dining Room 1
Interior
Interior Features Cable TV Available
Heating Central, Electric, Fireplace(s)
Cooling Ceiling Fan(s), Central Air, Electric
Flooring Luxury Vinyl Plank
Fireplaces Number 1
Fireplaces Type Family Room
Appliance Dishwasher, Electric Range
Heat Source Central, Electric, Fireplace(s)
Laundry Full Size W/D Area
Exterior
Garage Spaces 2.0
Fence Back Yard
Utilities Available City Sewer, City Water, Co-op Electric
Roof Type Composition
Total Parking Spaces 2
Garage Yes
Building
Story One
Foundation Pillar/Post/Pier
Level or Stories One
Structure Type Siding
Schools
Elementary Schools Peete
Middle Schools Three Lakes
High Schools Tyler Legacy
School District Tyler Isd
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21420436
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