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    900 Reese Ln Azle, TX 76020

    For Sale
    $1,400,000

    Multiple Single Units - Azle, TX

    Lot size:
    2.11 Acres
    Days on Market:
    171
    Last Refresh:
    Dec 7 at 12:06 am

    Property Features for 900 Reese Ln

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    12
    Bathrooms
    6
    APN
    R000060195
    Parking
    12
    Parking features
    Driveway, Unassigned
    Interior features
    High Speed Internet Available, Open Floorplan
    Appliances
    Range, Refrigerator
    Lot size
    2.11 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2005
    Floors in Building
    1
    Flooring type
    Carpet, Laminate, Tile, Tile - Ceramic
    Roof type
    Composition
    Architectural style
    Other

    The Michael Group, LLC (214) 692-6400 [email protected]

    Listing agent Brett Ashcraft (817) 577-9000 License #0563836

    Listing date Jun 20, 2025

    MLS# 20974896 Listing URL

    Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Income Property in Azle, Texas

    This unique income-producing property is situated on over 2 acres in west Azle, Texas. It features six identical houses, each with 2 bedrooms and 1 bathroom, constructed in 2005 on slab foundations. All units are currently occupied by long-term tenants. The property also includes a mobile home, which is considered to have no value but could be removed to create a building site with an existing septic system. The property is equipped with an active well and two septic systems. Intended use is for residential income. Showings are by appointment only after an acceptable offer has been signed; tenants are not to be disturbed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Spa & Massage Building Supply Auto Repair Shop Gym & Fitness Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Azle
    County
    Parker
    State
    Texas
    Longitude
    -97.577084
    Latitude
    32.835611

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    FAQs

    What type of property is this?
    Single family property - Income-producing property with multiple units on over two acres.
    Where is this single family property located?
    The property is located at 900 Reese Ln Azle, TX.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: - Income-producing property with 6 occupied houses.; - Large 2+ acre lot in west Azle.; - Six identical 2-bedroom, 1-bath houses built in 2005.
    (817) 577-9000
    Request Owner's contact information
    900 Reese Ln Azle, TX 76020
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    Azle, TX 76020
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    900 Reese Ln Azle, TX 76020
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