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- Description
- Property Details
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- Facts & Features
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$400,000
Monthly Est:$1,991
6 Beds
4 Baths4 full baths
1,242sqft
7971 Peden Rd, Azle, TX 76020
$400,000
$1,991/moEst:
Get Pre-Approved
Multi Family
Built in 1978
$-- HOA
1.36 acres lot
$322/sq.ft
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.
- Houzeo last checked: 6 minutes ago
- Listing updated: September 11, 2026 at 4:48 pm
- Listing Provided by: Daniel Harker , Rocky Presley | Keller Williams Realty DPR (972) 732-6000
- Source: NTREIS MLS-TX | MLS#: 21324127
Property Details
Status
Active
Type
Multi Family
No. of Stories
1
County
City
Neighborhood
--
Year Built
1978
HOA Fees
-
Finished Area
1,242 sqft
Lot Size
1.36 acres lot
Basement Area
- sqft
MLS Name
NTREIS MLS
MLS Number
21324127
MLS Status
Active
Cumulative Days on Market
58
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 6
Bathrooms: 4
Interior
Heating
Central
Sewer
Septic Tank
Appliances
Some Gas Appliances, Dishwasher, Gas Cooktop, Disposal, Gas Oven, Plumbed For Gas, Refrigerator
Flooring
Carpet, Luxury Vinyl Plank
Interior Features
Eat In Kitchen, High Speed Internet, Cable Tv, Vaulted Ceilings, Walk In Closets
Cooling
Central Air, Electric
Construction
Year Built
Year Built: 1978
Home type
Multi Family
Construction Materials
Brick
Property Condition
Resale
Foundation Details
Slab
Roof
Composition
Utilities & Energy
Pool Features
None
Fireplace Features
Wood Burning
Water Source
Community Coop
Parking Features
Asphalt, Driveway, Gravel
Utilities
Septic Available, Water Available, Cable Available
Other Features
Patio And Porch Features
Covered, Patio
Subdivision Name
Lscs Peden Add
Price History
| Date | Event | Price |
|---|---|---|
07/15/2026 Source: | Listed for Sale | $400,000 -5.88% $322/sqft |
07/15/2026 Source: | Price Increased | $425,000 +21160.63% $342/sqft |
10/18/2024 Source: | Sold | $1,999 -99.33% $2/sqft |
06/05/2024 Source: | Price Decreased | $299,900 -21.08% $241/sqft |
02/19/2024 Source: | Listing Removed | $380,000 $306/sqft |
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Based on information from the North Texas Real Estate Information Systems, Inc., through Oct 11, 2026, 02:45AM. Information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. ©2026 North Texas Real Estate Information Systems, Inc. All Rights Reserved.
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