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309-311 Lilac Drive

Granbury, TX 76049

$239,999

2 units · 1986

Units2
Building area1,764 sq ft
Year built1986
Gross income$24,900/yr
Cap rate10.38% as listed
Parking4 spaces
Lot size0.23 acres
TypeDuplex

What it costs to own

TaxesNot provided by the listing
HOANone listed
Net operating income$24,900 per year — as listed

About this home

Calling all investors! **BRAND NEW ROOF INSTALLED, ALL 8 WINDOWS IN THE FRONT REPLACED, NEW FLOORING INSTALLED IN THE LIVING AREAS** This income-producing duplex is ready to generate returns from day one. Each unit offers 2 bedrooms and 1 bathroom, featuring an open floor plan that maximizes space and comfort. You can enjoy a fenced backyard, perfect for outdoor activities. Conveniently located close to shopping, dining, and entertainment, this property sits on the desirable Fort Worth side of town—ideal for commuters with easy access to the metroplex. Since a new roof was installed, it will provide added peace of mind and value for years to come. Don’t miss this opportunity to add a low-maintenance, fully leased property to your portfolio! **309 LILAC: NEW HVAC INSTALLED IN JUNE 2023. 311 LILAC: WATER HEATER REPLACED JUNE 2025. NEW DISHWASHER INSTALLED JAN 2023.

The details

HeatingCentral, Electric
CoolingCeiling Fan(s), Central Air, Electric
FlooringVinyl
AppliancesDishwasher, Electric Oven, Electric Range, Refrigerator
Interior featuresCable TV Available, Decorative Lighting, Eat-in Kitchen, High Speed Internet Available

Construction materialsBrick
RoofComposition
FoundationPillar/Post/Pier

Lot featuresCorner Lot, Lrg. Backyard Grass
FencingChain Link, Fenced, None
Water sourcePrivate
SewerSeptic
ElectricCo-op Electric

SubdivisionEastwood Village

ElementaryActon
Middle schoolActon
High schoolGranbury
DistrictGranbury ISD

Gross income$24,900 per year
Cap rate10.38% — as listed
Net operating income$24,900 per year

Energy featuresAppliances

MLS #21289226
Source
Price changeReduced by $5,000 · Oct 26, 2026
On the market144 days
CountyHood

Around this home

One moment…

Everyday life

Nearest groceryKroger Marketplace · 0.7 mi
Nearest parkActon State Historic Site · 2.3 mi

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Listing courtesy of Elevate Realty Group — Natalie Self.

Where it is

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Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21289226. Information last updated October 26, 2026.

Based on information submitted to the MLS as of the date above. All data is obtained from various sources and may not have been verified by the broker or NTREIS. Supplied data is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.

Ink Realty Group is brokered by eXp Realty.

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