7971 Peden Rd, Azle, TX 76020

$425,000
: 6
BD
: 4
BA

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List Price: $425,000
MLS#: 21324127
Status: ACTIVE
Type: Multifamily
Subtype: ResidentialIncome
Year Built: 1978
Construction Status: Preowned
Bedrooms: 6
Full Baths: 4
Acres: 1.36
County: Tarrant
City: Azle
Subdivision: Lscs Peden Add
Building Name: N/A

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Property Description

Stabilized, income-producing investment offering immediate cash flow with both residences fully leased through May 2027. Situated on more than 1.3 acres, this unique asset consists of two separately leased homes on two individual parcels, providing strong current income and multiple long-term exit strategies. The primary residence is a remodeled 1,917-square-foot home featuring three bedrooms, two bathrooms, quartz countertops, luxury vinyl plank flooring, updated cabinetry, and modern finishes throughout. It is currently leased for $1,999 per month through May 2027. The second residence is a 2022-built manufactured home offering three bedrooms, two bathrooms, and 1,242 square feet. Permanently affixed to the real property, it features separate utilities, its own address, and a private driveway. It is currently leased for $1,600 per month through May 2027. Together, the property generates $43,188 in annual gross rental income and offers low-maintenance ownership with tenant-paid utilities, recent improvements, and limited near-term capital expenditure requirements, making it an exceptional long-term investment.

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