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Property profile & analytics
OFF-MARKET
Residential income homes

0 Keller Rd Mineral Wells, TX 76067

32.41 ac lot Built 2024
Property ID
Property summary
AI-generated overview

This exceptional 8-unit multifamily investment opportunity, situated on a sprawling 32.41-acre lot in Mineral Wells, Texas (76067), presents a compelling proposition for discerning investors. The property, built in 2024, comprises four 1400 sq ft and four 1600 sq ft duplex units, totaling 12,000 net rentable square feet. Each unit boasts a desirable open-concept design, featuring three bedrooms, two bathrooms, a kitchen with granite countertops, and a stove and microwave. Polished concrete flooring runs throughout. Additional amenities include a two-car carport, a small outdoor kitchen, and a fenced area for pets. The property is zoned residential and sits on sandy loam soil. Further enhancing its appeal are four additional pad sites, allowing for future expansion. On-site horse stalls and an arena are available for rent, generating additional income streams. The asking price for this owner-user investment is $2,300,000. This turnkey operation offers immediate income generation and significant potential for growth. The property is currently owned by Nedlaw Rentals, LLC and is being offered for sale by owner.

Property profile
Verified
Property type Residential income homes
Year built 2024
Lot 32.41 ac (1,411,780 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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