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31763553
31740009

1032 Greg Street, Azle, TX 76020

CR
TX 9013743
Trinity Group Realty
Trinity Group Realty
Listed by Trinity Group Realty
$1,199,000
50 days on market
Updated 49 days ago

1032 Greg Street Unit#1020, 1024, 1026, 1028

Details
APN R000055539
Property Type Retail, Multifamily
Sub Type Apartment Building, Commercial
Square Footage 5,349
Net Rentable (SqFt) 5,349
Units 5
NOI $75,343
Occupancy 100%
Tenancy Multi
Lease Expiration 08/31/2027
Price per SqFt $224
Year Built 1991
Stories 1
Acreage 0.5 - 1
Investment Type Value Add
Ceiling Height 8 to 10 Feet

1020 Greg Street, Azle, TX 76020

Marketing description

FANTASTIC INVESTMENT OPPORTUNITY, the one you’ve been waiting for! Welcome to a rare, income-producing property featuring five units situated on a full acre, offering both immediate cash flow and long-term upside. This unique portfolio includes three single-family homes and one duplex, providing an ideal mix for tenant diversity and rental stability. Four of the five units have been thoughtfully updated, allowing a new owner to step into a largely turnkey investment while still benefiting from future value-add potential on the remaining unit. The property is equipped with its own private well, with individual meters for each unit, helping streamline utility management and reduce owner expenses. A recently reworked septic system with updated equipment adds peace of mind and minimizes near-term capital expenditures. Numerous additional upgrades throughout the property further enhance its appeal and functionality. Each unit also features garage parking, a highly desirable amenity that adds convenience for tenants and increases rental appeal. Situated at 1020, 1024, 1026, 1028, and 1032 Greg Street, in Azle, TX, this multi-unit offering combines space, infrastructure, and income potential, all in one compelling package. Don’t miss this exceptional opportunity to expand your portfolio with a high-performing, multi-unit property! Showings are available every Wednesday from 10am-11am.


Investment highlights

  • Five income-producing units on a full acre
  • Portfolio includes three single-family homes and one duplex
  • Four of five units have been thoughtfully updated - largely turnkey investment
  • Value-add potential on the remaining unit
  • Private well with individual meters for each unit
  • Recently reworked septic system with updated equipment
  • Each unit features garage parking
  • 100% occupancy with lease expiration 09/01/2027
  • Gross Income: $95,460 | Net Income: $75,343

Listing Contacts

CR
TX 9013743
Trinity Group Realty
Trinity Group Realty
Listed by Trinity Group Realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$75,343.00
$6,278.58/mo

Valuation Metrics

0
DSCR
6.28%
Cap Rate
6.28%
ROI

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Additional Information

Name
Chris Reeves
License
9013743
Brokerage
Trinity Group Realty
Brokerage Phone
8179416454
Title
Founder
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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