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Gena Dowell

gena@discoverfortworthtx.com +1(817) 919-4105

$1,199,000

Est. payment - /mo

8 Beds

8 Baths

5,349 SqFt

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 5,349 sqft

Subdivision T&P Rr Co #7 Surv A 1431P Tr 2

MLS Listing ID 21240001

Bedrooms 8

Full Baths 8

HOA Y/N None

Year Built 1991

Lot Size 1.000 Acres

Acres 1.0

Lot Dimensions 210x213.54x210.36x201.31

Property Sub-Type Single Family Residence

Property Description

FANTASTIC INVESTMENT OPPORTUNITY, the one you've been waiting for! Welcome to a rare, income-producing property featuring five units situated on a full acre, offering both immediate cash flow and long-term upside. This unique portfolio includes three single-family homes and one duplex, providing an ideal mix for tenant diversity and rental stability. Four of the five units have been thoughtfully updated, allowing a new owner to step into a largely turn-key investment while still benefiting from future value-add potential on the remaining unit. The property is equipped with its own private well, with individual meters for each unit, helping streamline utility management and reduce owner expenses. A recently reworked septic system with updated equipment adds peace of mind and minimizes near-term capital expenditures. Numerous additional upgrades throughout the property further enhance its appeal and functionality. Each unit also features garage parking, a highly desirable amenity that adds convenience for tenants and increases rental appeal. Situated at 1020, 1024, 1026, 1028, and 1032 Greg Street, in Azle, TX, this multi-unit offering combines space, infrastructure, and income potential, all in one compelling package. Don't miss this exceptional opportunity to expand your portfolio with a high-performing, multi-unit property! Showings are available every Wednesday from 10am-11am.

Location

State TX

County Parker

Direction From Jacksboro Hwy (Hwy 199) travel south on Azle Hwy (FM 730) turn west onto Greg St. Property will be on your Right.

Rooms

Dining Room 5

Interior

Interior Features Double Vanity, Walk-In Closet(s)

Heating Electric

Cooling Ceiling Fan(s), Central Air, Electric

Flooring Carpet, Ceramic Tile, Combination

Fireplaces Number 2

Fireplaces Type Living Room

Appliance Dishwasher, Electric Range, Electric Water Heater

Heat Source Electric

Exterior

Garage Spaces 7.0

Fence Back Yard, Wood

Utilities Available Aerobic Septic, Septic, Well

Roof Type Asphalt

Total Parking Spaces 7

Garage Yes

Building

Story One

Foundation Slab

Level or Stories One

Structure Type Brick,Siding

Schools

Elementary Schools Cross Timbers

High Schools Azle

School District Azle Isd

Others

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21240001

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Katy Reeves • Trinity Group Realty

NEARBY SCHOOL & BUSINESS

+1(817) 919-4105

gena@discoverfortworthtx.com

5652 Vaquero Road, Fort Worth, TX, 76126, USA

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1032 Greg Street #1-5 Azle, TX 76020