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7718 FM 1886

Azle, TX 76020

$2,986,000

12 units · 2022

Units12
Building area18,000 sq ft
Year built2022
Gross income$314,940/yr
Cap rate7.6% as listed
Parking20 spaces
Lot size10 acres
TypeResidential Income

What it costs to own

TaxesNot provided by the listing
HOANone listed
Operating expenses$88,078 per year — as listed
Insurance$21,841 per year — as listed
Net operating income$226,861 per year — as listed

About this home

A premier multi-family residential investment opportunity in Azle, Texas.

Spanning 10 acres, this home community offers a turnkey cash-flowing asset with a blend of rustic charm and modern convenience.

Fully occupied, and minimum 1-year lease terms, investors benefit from immediate revenue and a stable income stream.

Designed for quality living, the community features 12 well-crafted homes. A mix of one-story and loft-style residences, providing occupants with spacious, comfortable accommodations that blend cabin-style aesthetics with modern amenities.

Additionally, two cleared expansion sites offer opportunities for future development, increasing the long-term value of this investment.

Immediate Cash Flow. Fully leased with long-term occupants, providing stable rental income from day one.

Expansion Potential. Two cleared sites for future residential or amenity development

Desirable Location. Azle offers small-town charm with easy access to major urban centers. The property appeals to those seeking modern homes in a peaceful community

Community-Oriented Design. Thoughtful layout fosters lifestyle satisfaction and retention

One-Story Units: 1,270 sq. ft., 3 br 2 bath, fully-equipped kitchen, laundry, dining

Loft Units: 1,670 sq. ft., 3br,2 ba, two-level living, premium features

Construction: High-quality materials for durability and reduced maintenance cost

The details

HeatingElectric
CoolingCentral Air
FlooringCarpet, Laminate, Simulated Wood, Tile
AppliancesDishwasher, Electric Oven, Electric Range, Ice Maker, Microwave, Refrigerator
Interior featuresCable TV Available

Construction materialsFrame
RoofMetal
FoundationSlab

Lot featuresAcreage, Few Trees
Water sourceWell
SewerSeptic
ElectricElectricity Connected

ElementaryAzle
Middle schoolAzle
High schoolAzle
DistrictAzle ISD

Gross income$314,940 per year
Operating expenses$88,078 per year
Operating includesInsurance, Maintenance, Maintenance Grounds, Maintenance Structure, Other
Insurance$21,841 per year
Cap rate7.6% — as listed
Net operating income$226,861 per year

MLS #21172237
Source
Price changeReduced by $114,000 · Sep 22, 2026
On the market232 days
CountyTarrant

Around this home

One moment…

Everyday life

Nearest groceryBrookshire's · 5.7 mi
Nearest parkGolden Pond Playground · 4.4 mi

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Listing courtesy of exp Realty, LLC — Becky Leebens.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21172237. Information last updated September 22, 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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