7971 Peden RoadAzle, TX 76020

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.

Property Information

Property type

Residential Income

Sub-type

Multi Family

Year built

1978

Building area

1,242 Sq Ft

Lot size

1.36 acres

Parking spaces

8

Days on market

89

MLS^® Listing#

21324127

Property Features

Interior

Eat-in Kitchen · Vaulted Ceiling(s) · Walk-In Closet(s) · High Speed Internet

Appliances

Dishwasher · Disposal · Gas Cooktop · Gas Oven · Refrigerator

Cooling

Central Air · Electric

Heating

Central

Flooring

Carpet · Vinyl

Fireplace

Wood Burning

Parking

Asphalt · Driveway · Gravel

Patio

Covered · Patio

Fencing

Fenced · Pipe

Construction

Brick

Foundation

Slab

Roof

Composition

Utilities

Cable Available

Sewer

Septic Tank

Schools

Elementary

Liberty

Middle

Forte

High

Azle

District

Azle ISD

Financial Details

Annual taxes

$4,193

Parcel number

42822457

Directions

From TX-199 W, take the exit for FM 730/Boyd and merge onto the frontage road. Turn right onto Boyd Rd, then right onto Peden Rd. The destination will be on the right. Welcome!