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7311 Fm 1886, Azle, TX 76020
$3,750,000
7311 Fm 1886, Azle, TX 76020View this property at 7311 Fm 1886, Azle, TX 76020
7311 Fm 1886AzleTX76020
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Property Description
Introducing Cabins at Rocky Top - a premier investment opportunity in Azle, Texas. This distinguished 10-acre property features a nearly fully-leased cabin community, offering a rare combination of immediate cash flow and significant growth potential. With its mix of one-story and loft-style units, this development caters to a diverse tenant base seeking the allure of cabin living with modern conveniences. Investment Highlights: Land Size: 10.004 Acres Total Units: 12 (6 One-Story, 6 Two-Story Lofts) Leasing Office: On-site for management and tenant services Occupancy: 92% leased, providing immediate revenue Future Expansion: 2 additional cleared sites ready for development Unit Specifications: One-Story Units: 1,270 sq. ft., 3 bed 2 bath, fully-equipped kitchen, laundry, dining Loft Units: 1,670 sq. ft., 3 bed 2 bath, two-level living, premium features Construction: High-quality materials for durability and reduced maintenance costs
Full Property Details
Full Property Details for 7311 FM 1886
General
- Price: $3,750,000
- Taxes: $34,586
- Status: Active
- Type: Business
- MLS ID: 20504457
- Updated: 2/19/2024
- Added to Site: 119 day(s) ago
Business
- Business Type: Hospitality, Rental, Residential
Interior
- Flooring: Vinyl, Wood
Parking
- Parking Features: Driveway, On Site
Location
- County: Parker
- Subdivision: Wright-Tucker Farm
- Driving Directions: GPS. West of Farmer Rd 3325 and FM 1886
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Electric
- Heating Type: Central, Electric
Utilities
- Sewer: Private Sewer
- Water: Well
- Well: Yes
- Utility Description: Electricity Available, Electricity Connected, Other, Sewer Available, Water Available
Structural Information
- Detached/Attached: Detached
- Construction: Brick, Wood Siding
- Roof: Metal
- Stories/Levels: 2
- Square Feet: 18,200
- Sq. Ft. Source: Owner
- Year Built: 2022
Lot Features
- Lot Size (Acres): 10.004
- Lot Size (Sq. Ft.): 435,774.24
- Lot Size Source: Plans
- Zoning: No Zoning
Financial Considerations
- Tax Amount: $34,586
- Tenant Pays: All Utilities
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Special Conditions: Standard
- Legal Description: ACRES: 24.339 ABST: 802 SURVEY: SOWDERS ADAM
- Inclusions: Other
- Property ID: R000110897
- Lot Number: 1
Listed by Keller Williams Realty, Dustin Wright
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Schools
Schools serving 7311 FM 1886
School District:Azle Independent School District
Rating | Name | Grades | Distance |
---|---|---|---|
10300 S Fm 730, Azle, TX 76020 | PK-4 | 2.4 mi | |
1200 Lakeview Dr, Azle, TX 76020 | 5-6 | 6.4 mi | |
201 School St, Azle, TX 76020 | 7-8 | 6.1 mi | |
1200 Boyd Rd, Azle, TX 76020 | 9-12 | 6.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7311 FM 1886
Date
Details
Price
Change
Source
2/19/2024
Price Reduced
$3,750,000
-3.85%
MLS
1/03/2024
Listed
$3,900,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 7311 FM 1886
Year
Property Taxes
Change
Tax Assessment
Change
2023
$34,586
81%
$2,150,240
108%
2022
$19,115
211%
$1,033,000
216%
2021
$6,150
17471%
$327,270
23%
2020
$35
—
$266,770
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 7311 FM 1886
7311 Fm 1886, Azle, TX 76020 (MLS# 20504457) is a Business property. 7311 Fm 1886 is currently listed for $3,750,000 and was received on January 03, 2024. Want to learn more about 7311 Fm 1886? Do you have questions about finding other Business real estate for sale in Azle? You can browse all Azle real estate or contact a Coldwell Banker agent to request more information.