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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

Data Room Click Here to Access

Property Facts

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)
  • Listing ID: 30499451

  • Date on Market: 1/2/2024

  • Last Updated:

  • Address: 7311 FM 1886, Azle, TX 76020

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