7311 Fm 1886 Azle, TX 76020

This exceptional investment opportunity presents a 13-unit multifamily property situated on approximately 10 acres in Azle, Texas. The property, built between 2020 and 2023 and renovated in 2023, boasts a Class B designation and comprises 18,200 square feet. The asking price is $3,550,000, representing a price per square foot of $195.05 and a 7.05% cap rate. The property includes 12 cabins and a dedicated leasing office, currently operating at 100% occupancy with long-term tenants under minimum one-year leases. Six units are one-story, each offering 1,270 square feet with three bedrooms and two bathrooms, a fully equipped kitchen, laundry facilities, and dining area. The remaining six units are two-story lofts, each featuring 1,470 square feet, three bedrooms, two bathrooms, and premium features. High-quality construction materials ensure durability and reduced maintenance costs. Two additional cleared building pads are available for future expansion, offering significant growth potential. The property's location in Azle, Texas combines the appeal of rural living with convenient access to urban areas, attracting a diverse tenant base. The property's strong cash flow, growth potential, and desirable location make it an attractive investment in a rapidly growing market. The property's APN is R000110897.