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.