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Brenda Araiza

brendaaraiza2012@gmail.com +1(469) 443-8111

$ 425,000

Est. payment | -/mo

6 Beds

4 Baths

1,242 SqFt

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$ 425,000

Est. payment | -/mo

Save Virtual Tour

6 Beds

4 Baths

1,242 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 1,242 sqft

Price per Sqft $342

Subdivision Lscs Peden Add

MLS Listing ID 21324127

Bedrooms 6

Full Baths 4

HOA Y/N No

Year Built 1978

Annual Tax Amount $4,193

Lot Size 1.363 Acres

Acres 1.363

Property Description

Turnkey income-producing property offering immediate cash flow and an impressive 8.23% cap rate. Situated on 1.3+ acres, this unique investment features two separately leased residences, making it an excellent addition to an investment portfolio or an ideal opportunity for an owner-occupant seeking supplemental rental income. The front residence has been extensively remodeled with quartz countertops, luxury vinyl plank flooring, updated cabinetry, and contemporary finishes throughout and is currently leased for $1,999 per month. The second residence is a 2022-built manufactured home offering 3 bedrooms, 2 bathrooms, and 1,216 square feet. It features its own address, private entrance, and separate utilities, and has been permanently affixed and perfected to the real property deed, providing greater financing flexibility and long-term value. It is currently leased for $1,600 per month. Together, the property generates $43,188 in gross annual income with annual operating expenses of only $8,195, resulting in a net operating income of $34,993. With both homes occupied by tenants, this stabilized asset delivers strong, immediate cash flow with excellent long-term investment potential.

Location

State TX

County Tarrant

Direction From TX-199 W, take the exit for FM 730/Boyd and merge onto the frontage road. Turn right onto Boyd Rd, then right onto Peden Rd. The destination will be on the right. Welcome!

Interior

Interior Features Eat-in Kitchen, High Speed Internet, Cable TV, Vaulted Ceiling(s), Walk-In Closet(s)

Heating Central

Cooling Central Air, Electric

Flooring Carpet, Luxury Vinyl Plank

Fireplaces Number 1

Fireplaces Type Wood Burning

Fireplace Yes

Appliance Some Gas Appliances, Dishwasher, Gas Cooktop, Disposal, Gas Oven, Plumbed For Gas, Refrigerator

Exterior

Parking Features Asphalt, Driveway, Gravel

Carport Spaces 2

Fence Fenced, Pipe

Pool None

Utilities Available Septic Available, Water Available, Cable Available

Water Access Desc Community/Coop

Roof Type Composition

Porch Covered, Patio

Road Frontage All Weather Road

Total Parking Spaces 8

Garage No

Private Pool No

Building

Foundation Slab

Sewer Septic Tank

Water Community/Coop

Level or Stories One

Schools

Elementary Schools Liberty

Middle Schools Forte

High Schools Azle

School District Azle Isd

Others

Tax ID 42822457

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21324127

NEARBY SCHOOLS & PROPERTIES

Brenda Araiza

REALTOR | License ID: 0477086

+1(469) 443-8111

7971 Peden RD Azle, TX 76020

Brenda Araiza

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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7971 Peden RD