7311 FM 1886 - Apartments FOR SALE


Azle, TX 76020
$3,400,000 USD
972-765-0886
7311 FM 1886, Azle, TX for Sale
$3,400,000 USD
Apartments - FOR SALE
1/80
null | 6.7% Cap Rate

7311 FM 1886
Azle, TX 76020


HIGHLIGHTS

  • Immediate Cash Flow – Fully leased with long-term tenants, 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 homes in a peaceful community
  • Community-Oriented Design – Thoughtful layout fosters tenant satisfaction and retention

OVERVIEW

Discover Rocky Top, a premier multi-family residential investment opportunity in Azle, Texas. Spanning 10 acres, this home community offers a turnkey cash-flowing asset with a blend of rustic charm and modern convenience. With 100% occupancy, long-term tenants, and minimum 1-year lease terms, investors benefit from immediate revenue and a stable income stream. Designed for quality living, the community features 12 well-crafted homes—a mix of one-story and loft-style residences, providing tenants with spacious, comfortable accommodations that blend cabin-style aesthetics with modern amenities. Additionally, two cleared expansion sites offer opportunities for future development, increasing the long-term value of this investment.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$187 USD /SF

# OF UNITS

12

PRICE/UNIT

$283,333

CAP RATE

6.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

PARKING SPACES

-

LAND DETAILS

LAND ACRES

10.04 AC

LAND SF

437,342 SF

ZONING

none

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Matt MatthewsSVN | Trinity AdvisorsMore Info
972-765-0886

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Matt MatthewsSVN | Trinity AdvisorsMore Info
972-765-0886

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.