Stabilized, income-producing investment offering immediate cash flow with both residences fully leased through May 2027. Situated on more than 1.3 acres, this unique asset consists of two separately leased homes on two individual parcels, providing strong current income and multiple long-term exit strategies.
The primary residence is a remodeled 1,917-square-foot home featuring three bedrooms, two bathrooms, quartz countertops, luxury vinyl plank flooring, updated cabinetry, and modern finishes throughout. It is currently leased for $1,999 per month through May 2027.
The second residence is a 2022-built manufactured home offering three bedrooms, two bathrooms, and 1,242 square feet. Permanently affixed to the real property, it features separate utilities, its own address, and a private driveway. It is currently leased for $1,600 per month through May 2027.
Together, the property generates $43,188 in annual gross rental income and offers low-maintenance ownership with tenant-paid utilities, recent improvements, and limited near-term capital expenditure requirements, making it an exceptional long-term investment.
Property Details
- Interior
- Eat In Kitchen, High Speed Internet, Cable Tv, Vaulted Ceilings, Walk In Closets
- Fireplaces
- 1
- Cooling
- 1
- Heating
- Central
- Cooling Features
- Central Air, Electric
- Bedrooms
- 6
- Bathrooms
- 4.0
- Full Baths
- 4
- Acres
- 0.0
- Lot Size (sqft)
- 1.363
- Parking Features
- Asphalt, Driveway, Gravel
- Parking Spaces
- 8.0
- Parking Type
- Driveway
- Parking Garage Spaces
- 0.0
- Parking Carport Spaces
- 2.0
- Property Type
- Multi-Family
- Year Built
- 1978
- Foundation
- Slab
- Roof
- Composition
- Sewer Information
- Septic Tank
- Utility Source
- Community Coop
- Utility Features
- Septic Available, Water Available, Cable Available
- Appliances
- Some Gas Appliances, Dishwasher, Gas Cooktop, Disposal, Gas Oven, Plumbed For Gas, Refrigerator
- Subdivision
- Lscs Peden Add
- School District
- Azle ISD
- Elementary School
- Liberty
- Middle School
- Forte
- High School
- Azle
- County
- Tarrant
- Region
- Azle
- Days on Market (Cumulative)
- 58
- Taxes Annual
- $4,193
Location
Legal
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Provided By
Listed by Daniel Harker (#0435185)
Listing Office: Keller Williams Realty DPR (#KELL01)
