7311 FM 1886 - Apartments FOR SALE


Azle, TX 76020
$3,250,000 USD
469-333-1918
7311 FM 1886, Azle, TX for Sale
$3,250,000 USD
Apartments - FOR SALE
1/23
null | 6.98% Cap Rate

7311 FM 1886
Azle, TX 76020


HIGHLIGHTS

  • 100% Occupied
  • 12 single family homes - 3BR/2BA - Full kitchens, laundry, some with lofts
  • Immediate cash flow

OVERVIEW

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. » 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 » One-Story Units: 1,270 sq. ft., 3 bed/2 bath, fully-equipped kitchen, laundry, dining » Loft Units: 1,670 sq. ft., 3 bed/2 bath, two-level living, premium features » Construction: High-quality materials for durability and reduced maintenance costs

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$179 USD /SF

# OF UNITS

12

PRICE/UNIT

$270,833

CAP RATE

6.98%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Homes at Rocky Top

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

R000110897

ASK ABOUT THIS PROPERTY

Becky LeebensLR Real EstateMore Info
469-333-1918

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Becky LeebensLR Real EstateMore Info
469-333-1918

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