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29581196
29581195

7311 FM 1886, Azle, TX 76020

BL
661426
eXp Commercial
Listed by eXp Commercial
$3,200,000
119 days on market
Updated 2 days ago

Multi-Family w/immediate Cash Flow | 100% occupied | 6.8 CAP

Details
APN 61000110897
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 18,000
Units 12
Cap Rate 6.80%
NOI $215,304
Occupancy 100%
Price per SqFt $178
Broker Co-Op Yes
Class B
Year Built 2022-2023
Buildings 13
Stories 1
Acreage 10.000
Parking Spaces per unit
Investment Type Stabilized
Ground Lease No

12 Single Family Rental Units

Marketing description

Rocky Top presents an exceptional multi-family investment opportunity in Azle, Texas. This 10-acre residential community combines the appeal of rustic, cabin-inspired architecture with contemporary amenities, delivering a ready-to-operate, income-generating asset. The property boasts full occupancy with established, long-term residents committed to lease agreements of one year or more, ensuring consistent cash flow and financial stability for investors. The community consists of 12 thoughtfully designed homes that include both single-level and loft-style units, offering residents generous living spaces that balance countryside character with modern comforts. Two additional cleared parcels provide strategic expansion possibilities, positioning this investment for enhanced returns through future growth.

Includes 12 single family homes with 3 bedrooms/2 baths, fully equipped kitchens and laundry.

Each home has been custom built will high quality materials to increase longevity and minimize maintenance.

The homes are located on individual wooded sites, providing a rare and unique setting for tenants who want to have a private, newer single family home, outside of the city, but within a 25 min drive to city conveniences and workplaces.

Investment highlights

12 stand alone rental homes

6 - 1,270sf one story

6 - 1,670sf two story (loft)

Management office

100% leased

» Immediate Cash Flow – Fully leased with minimum one year lease terms 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.

» Strong Tenant Demand – The property appeals to tenants seeking modern single family homes in a

peaceful community

» Community-Oriented Design – Thoughtful layout fosters tenant satisfaction and retention

Listing Contacts

BL
661426
eXp Commercial
Listed by eXp Commercial

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$215,304.00
$17,942.00/mo

Valuation Metrics

0
DSCR
6.73%
Cap Rate
6.73%
ROI

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