Description
A premier multi-family residential investment opportunity in Azle, Texas. Spanning 10 acres, this home community offers a turnkey cash-flowing asset with a blend of rustic charm and modern convenience. Fully occupied, and minimum 1-year lease terms, investors benefit from immediate revenue and a stable income stream. Designed for quality living, the community features 12 well-crafted homes. A mix of one-story and loft-style residences, providing occupants with spacious, comfortable accommodations that blend cabin-style aesthetics with modern amenities. Additionally, two cleared expansion sites offer opportunities for future development, increasing the long-term value of this investment. Immediate Cash Flow. Fully leased with long-term occupants, providing stable rental income from day one. Expansion Potential. Two cleared sites for future residential or amenity development Desirable Location. Azle offers small-town charm with easy access to major urban centers. The property appeals to those seeking modern homes in a peaceful community Community-Oriented Design. Thoughtful layout fosters lifestyle satisfaction and retention One-Story Units: 1,270 sq. ft., 3 br 2 bath, fully-equipped kitchen, laundry, dining Loft Units: 1,670 sq. ft., 3br,2 ba, two-level living, premium features Construction: High-quality materials for durability and reduced maintenance cost
Details
| MLS # | 21172237 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 2022 |
| Days On Site | 248 |
| Listing Provided By | exp Realty, LLC | Becky Leebens |
Features
| Story(s) | 1 |
|---|---|
| Units | 2 |
| Building(s) | 13 |
| Acreage | 10.00 |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Electric |
| Interior Features | Cable TV Available |
| Appliances | Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Ice Maker, Microwave, Refrigerator |
Exterior
| Exterior Features | Covered Patio/Porch |
|---|---|
| Roof | Metal |
| Construction Materials | Frame |
| Foundation Details | Slab |
| Lot Features | Acreage, Few Trees |
Parking
| Parking Features | Aggregate |
|---|
Utilities
| Utilities | Electricity Connected, Gravel/Rock, Septic, Well |
|---|
Area Information
| State | TX |
|---|---|
| County | Tarrant |
| City | Azle |
| Zip Code | 76020 |
| Area | Tarrant |
| School District | Azle ISD |
| Elementary School | Azle |
| High School | Azle |
| Listing VS Median (in 76020) | |
Price: $2,986,000 low | high Med: $349,000 On site: 248 low | high Med: 29.5 | |
Market Activity 76020
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Learn More About This Property
| State | TX |
|---|---|
| County | Tarrant |
| City | Azle |
| Zip Code | 76020 |
| Area | Tarrant |
| School District | Azle ISD |
| Elementary School | Azle |
| High School | Azle |
| Listing VS Median (in 76020) | |
Price: $2,986,000 low | high Med: $349,000 On site: 248 low | high Med: 29.5 | |