Description
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.
Details
| MLS # | 21324127 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1978 |
| Days On Site | 36 |
| Listing Provided By | Keller Williams Realty DPR | Daniel Harker |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 4 Total |
| Car Port | Yes |
| Story(s) | 1 |
| Units | 2 |
| Building(s) | 2 |
| Acreage | 1.36 |
Interior
| Cooling | Central Air, Electric |
|---|---|
| Heating | Central |
| Interior Features | Cable TV Available, Eat-in Kitchen, High Speed Internet Available, Vaulted Ceiling(s), Walk-In Closet(s) |
| Appliances | Dishwasher, Disposal, Gas Cooktop, Gas Oven, Plumbed For Gas in Kitchen, Refrigerator |
| Fireplace Features | Wood Burning |
Exterior
| Roof | Composition |
|---|---|
| Construction Materials | Brick |
| Foundation Details | Slab |
Parking
| Garage Yn | 0 |
|---|---|
| Attached Garage Yn | 0 |
| Parking Features | Asphalt, Driveway, Gravel |
Utilities
| Utilities | All Weather Road, Co-op Water, Outside City Limits, Septic |
|---|
Taxes
| Unexempt Taxes | 4193 |
|---|---|
| Tax Lot | 1 |
| Tax Legal Description | LSCS PEDEN ADDITION BLOCK LOT 1 |
Area Information
| State | TX |
|---|---|
| County | Tarrant |
| City | Azle |
| Zip Code | 76020 |
| Area | Tarrant |
| Community Name | Lscs Peden Add |
| School District | Azle ISD |
| Elementary School | Liberty |
| High School | Azle |
| Listing VS Median (in Lscs Peden Add) | |
Price: $425,000 low | high Med: $425,000 On site: 36 low | high Med: 36 | |
Market Activity 76020
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Learn More About This Property
| State | TX |
|---|---|
| County | Tarrant |
| City | Azle |
| Zip Code | 76020 |
| Area | Tarrant |
| Community Name | Lscs Peden Add |
| School District | Azle ISD |
| Elementary School | Liberty |
| High School | Azle |
| Listing VS Median (in Lscs Peden Add) | |
Price: $425,000 low | high Med: $425,000 On site: 36 low | high Med: 36 | |
 | $425,0007971 Peden RoadAzle, TX 76020 |