Rocky Top Multi-Family w/ Seller Financing | 7311 FM 1886
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Rocky Top Multi-Family w/ Seller Financing 7311 FM 1886
13 Unit Apartment Building $3,550,000 ($273,077/Unit) 7.08% Cap Rate Azle, TX 76020
Investment Highlights
- 12 Units Total
- 6 Single Story Units, 6 Loft Units
- Seller Financing Available
- 100% Occupancy with Minimum 1 Year Lease Term
- Dedicated Leasing Office
- Each Unit has Modern Amenities with 3 Bd/2 Ba
Executive Summary
Nestled in the serene landscape of Azle, Texas, this exquisite 10-acre property presents a unique investment opportunity in the thriving market of commercial real estate. Cabins at Rocky Top, a distinguished cabin community, offers a blend of rustic charm and modern comfort, featuring 12 beautifully crafted units and a dedicated leasing office. With 100% Occupancy and long term tenants, Cabins at Rocky Top offers an immediate return on multiple Cabin Home rentals with minimum 1 year lease terms.
Seller Financing Available
Seller Financing Available
Data Room Click Here to Access
- Operating and Financials
Property Facts
| Price | $3,550,000 | Building Class | C |
| Price Per Unit | $273,077 | Lot Size | 10.04 AC |
| Sale Type | Investment | Building Size | 18,200 SF |
| Cap Rate | 7.08% | Average Occupancy | 100% |
| No. Units | 13 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 2022/2023 |
| Property Subtype | Apartment |
| Price | $3,550,000 |
| Price Per Unit | $273,077 |
| Sale Type | Investment |
| Cap Rate | 7.08% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 10.04 AC |
| Building Size | 18,200 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 2022/2023 |
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer Hookup
- Ceiling Fans
- Oven
- Dining Room
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 12 | - | 1,270 - 1,670 |
| Studios | 1 | - | 800 |
zoning
| Zoning Code | none (Outside Azle Zoning) |
| none (Outside Azle Zoning) |
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Rocky Top Multi-Family w/ Seller Financing | 7311 FM 1886
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