Address
7311 Fm 1886, Azle, TX
Price
$ 3,750,000
Property Attributes
- MLS#20504457
- TypeCommercial
- CountyPARKER
- CityAzle
- NeighborhoodWright-Tucker Farm
- Zip76020
- StyleBusiness
- Year Built2022
- Taxes$ 34586
- Price$ 3,750,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size10.004 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description
Introducing Cabins at Rocky Top – a premier investment opportunity in Azle, Texas. This distinguished 10-acre property features a nearly fully-leased cabin community, offering a rare combination of immediate cash flow and significant growth potential. With its mix of one-story and loft-style units, this development caters to a diverse tenant base seeking the allure of cabin living with modern conveniences. Investment Highlights: Land Size: 10.004 Acres Total Units: 12 (6 One-Story, 6 Two-Story Lofts) Leasing Office: On-site for management and tenant services Occupancy: 92% leased, providing immediate revenue Future Expansion: 2 additional cleared sites ready for development Unit Specifications: 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
| Price History | |
|---|---|
| 1/3/2024 | Listed $3,900,000 |
| 2/19/2024 | 4% - $3,750,000 |
General Features
| Heating | Central,Electric |
|---|---|
| Cooling | Ceiling Fan(s),Central Air,Electric |
| Utilities | Dirt,Electricity Available,Electricity Connected,Private Sewer,Well,Other |
| Ceiling Height | 8 to10 Feet,11 to 14 Feet |
| Possession | Negotiable |
| Roof | Metal |
| Year Built | 2022 |
| Tenant Pays | All Utilities |
| Business Type | Hospitality,Rental,Residential |
| Unexempt Taxes | 34586 |
| Building Use | Other |
| Will Subdivide | No |
| Gross Annual Expenses | 0.00 |
| Property SubType | Business |
| Subdivision Name | Wright-Tucker Farm |
| Zoning Description | No Zoning |
| County | Parker |
| Property Type | Commercial Sale |
| Construction Materials | Brick,Wood |
| Year Built Details | Preowned |
| Status | Active |
| Directions | GPS. West of Farmer Rd 3325 and FM 1886 |
| City | Azle |
| Buyer Agent Compensation | 2.5 |
| Street Name | Fm 1886 |
| Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/20504457 |
| Standard Status | Active |
| Buyer Agent Compensation Type | % |
Interior Features
| Flooring | Vinyl,Wood |
|---|---|
| Total Stories | 2 |
| Total Units | 13 |
| SQFT Gross | 18200 |
| Lock Box Type | None |
Exterior Features
| Lot Size Source | Plans |
|---|---|
| Parking Features | Driveway,On Site |
| Lot Size | 10 to < 50 Acres |
| Foundation | Slab |
| Lot Size Area | 10.0040 |
| Lot Size Units | Acres |
| Building Area Total | 18200.00 |
| Lot Size Square Feet | 435774.2400 |
| Lot Size Acres | 10.0040 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 76020
Price
Taxes
Visits
Year Built
© 2024 North Texas Real Estate Information Systems, Inc. All rights reserved. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor NextHome Premier Choice shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas Real
