Property
Beds
3
Full Baths
2
1/2 Baths
None
Year Built
1985
Sq.Footage
1,344
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.
Features & Amenities
Interior
-
Total Bedrooms
3
-
Bathrooms
2
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
Ceiling Fan(s), Central Air, Electric
-
Fireplace YN
YES
-
Heating YN
YES
-
Heating
Central, Electric, Fireplace(s)
-
Pet friendly
N/A
Exterior
-
Garage
Yes
-
Garage spaces
2
-
Parking
Additional Parking, Concrete, Attached
-
Patio and Porch Features
Covered, Deck
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.448
-
Lot Size(square feet)
19,514
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
Price
-
Sales Price
$160,000
-
Tax Amount
$3,118
-
Financing Options
1031 Exchange, Cash, Conventional
-
Sq. Footage
1,344
-
Price/SqFt
$119
HOA
-
Association
No
School District
-
Elementary School
Peete
-
Middle School
Three Lakes
-
High School
Tyler Legacy
Property Features
-
Foundation Details
Pillar/Post/Pier
-
Sewer
Public Sewer
-
Tax Lot
3
-
Water Source
Public
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Location
County
Smith
Elementary School
Peete
Middle School
Three Lakes
High School
Tyler Legacy
Listing Courtesy of Markie Severtson, Keller Williams Realty-Tyler
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AGENT
Joe Boston
Call Joe today to schedule a private showing.
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