3112 Bellwood Rd, Tyler, TX 75701
- $160,000
- 3
- BD
- 2
- BA
- 1,344
- SqFt
- List Price
- $160,000
- MLS#
- 21420436
- Status
- ACTIVE
- Type
- Single Family Residential
- Subtype
- Residential
- Style
- Detached
- Year Built
- 1985
- Construction Status
- Preowned
- Bedrooms
- 3
- Full Baths
- 2
- Acres
- 0.45
- Living Area
- 1,344
- County
- Smith
- City
- Tyler
- Subdivision
- City Of Tyler
- Number of Stories
- 1
- Architecture Style
- Detached
Property Description
Excellent opportunity to acquire an established, income-producing rental property in Tyler, Texas! Offered at $160,000, this 3-bedroom, 2-bathroom single-family home offers 1,344 square feet of living space, an attached 2-car garage, and a spacious 0.45-acre lot, providing an attractive entry point for investors looking to expand their residential rental portfolio. 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.
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Additional Information
- Unexempt Taxes
- $3,118
- Amenities
- Fireplace
- Lot Size
- 19,514
- Acres
- 0.45
- Interior Features
- Cable TV
- Flooring
- Vinyl
- Foundation
- Pillar/Post/Pier
- Roof
- Composition
- Stories
- 1
- Pool Features
- None
- Fireplaces
- 1
- Fireplace Type
- Family Room
- Garage Spaces
- 2
- Parking Garage
- Additional Parking, Paved
- School District
- Tyler Isd
- Elementary School
- Peete
- Middle School
- Three Lakes
- High School
- Tyler Legacy
- Possession
- CloseOfEscrow
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Listing courtesy of Markie Severtson from Keller Williams Realty-Tyler. Contact: 760-483-0110
Listing provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.
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