• Office Phone - 972.335.6564
  • Primary - 972.489.4887

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Listing provided courtesy of exp Realty, LLC- MLS# 21172237MLS ProviderContact Information: Becky Leebens - (469) 333-1918

7718 FM 1886Azle, TX 76020

Multi-Family · 18,000 Sq. ft. | 10.00 Acres
$3,200,000 Active

7718 FM 1886 Overview

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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. Fully occupied, 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 occupants 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. Immediate Cash Flow. Fully leased with long-term occupants, 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. The property appeals to those seeking modern homes in a peaceful community Community-Oriented Design. Thoughtful layout fosters lifestyle satisfaction and retention One-Story Units: 1,270 sq. ft., 3 br 2 bath, fully-equipped kitchen, laundry, dining Loft Units: 1,670 sq. ft., 3br,2 ba, two-level living, premium features Construction: High-quality materials for durability and reduced maintenance cost

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7718 FM 1886 Facts & Features

  • Type Multi-Family
  • Sq. ft. 18,000
  • Price/Sq.ft. $178
  • Lot 10.00 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Azle ISD
  • Elementary School: Azle
  • Middle Or Junior School: Azle
  • High School: Azle

Income/Expenses

  • Gross Income: 314940.0
  • Insurance Expense: 21841.0
  • Net Operating Income: 226861.0
  • Operating Expense Includes: Insurance,Maintenance Grounds,Maintenance Structure,Maintenance,Other

Building Information

  • Year Built: 2022
  • Year Built Details: Preowned

Location/Region

  • Country: US
  • County Or Parish: Tarrant
  • Postal City: AZLE
  • Subdivision Name: none

General Information

  • Listing Terms: See Agent
  • Parcel Number: 61000110897
  • Property Type: Residential Income
  • Senior Community: No

Interior

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Source: Owner
  • Building Area Total: 18000.0

General Information

  • Appliances: Dishwasher,Electric Oven,Electric Range,Electric Water Heater,Ice Maker,Microwave,Refrigerator
  • Flooring: Carpet,Laminate,Simulated Wood,Tile
  • Foundation Details: Slab
  • Interior Features: Cable TV
  • Levels: One
  • Stories: 1

Exterior

Parking Information

  • Parking Features: Aggregate
  • Parking Total: 20.0

Lot Information

  • Lot Features: Acreage,Few Trees
  • Lot Size Acres: 10.0
  • Lot Size Area: 10.0
  • Lot Size Source: Other
  • Lot Size Square Feet: 435600.0
  • Lot Size Units: Acres
  • Number Of Buildings: 13
  • Road Surface Type: Gravel
  • Water Source: Well

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Frame
  • Patio And Porch Features: Covered
  • Roof: Metal

General Information

  • Number Of Units Total: 12
  • Pool Features: None
  • Sewer: Septic Tank
  • Utilities: Electricity Connected,Septic Available,Water Available,Cable Available

Unit Information

Unit 1 Details

  • Unit Type: 3 Bedroom
  • Units Total: 6

Unit 2 Details

  • Unit Type: Loft
  • Units Total: 6

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

7718 FM 1886 Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

7718 FM 1886 Market Data

Based on the last 30 days in this zip code

$498,682
Average List Price
$231
Average Price per Square Foot
60
Properties Sold
125
Average Days on Market
380
Properties for Sale
Calculations provided by Reliance Network


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