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$400,000
3 Beds ⋅ 2 Baths ⋅ 21323891 MLS
Discover a unique opportunity to own a beautifully remodeled home with a built-in income stream. The primary residence was completely renovated in 2022 and features stylish luxury vinyl plank flooring, quartz countertops, updated finishes, and modern fixtures throughout, blending contemporary design with country living. What truly sets this property apart is the second residence—a 2022-built manufactured home offering 3 bedrooms, 2 bathrooms, and 1,216 square feet. The second home has its own address, private entrance and sits on its own approximately 0.69-acre tax account while being conveyed with the property. It is perfected to the deed and is currently leased for $1,600 per month through May 2027, providing immediate rental income to help offset your mortgage or build long-term wealth. Situated on approximately 1.4 acres, this property offers the rare combination of privacy, flexibility, and income potential. Whether you're planning ahead for multigenerational living, looking for supplemental rental income, or wanting a future homestead with an established revenue stream, this property delivers. Please note: Both residences are tenant-occupied. The primary residence is leased for $1999 per month both leases extend through May 2027. The purchaser will assume the existing leases at closing.

7971 Peden Rd, Azle
$400,000
6 Beds ⋅ 4 Baths ⋅ 21324127 MLS ⋅ N/A BLDG.
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.

7971 Peden Rd, Azle

Listings provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.

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