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7311 FM 1886 12 Unit Apartment Building $4,746,128 CAD ($395,511 CAD/Unit) 6.70% Cap Rate Azle, TX 76020
INVESTMENT HIGHLIGHTS
- Immediate Cash Flow – Fully leased with long-term tenants, providing stable rental income from day one
- Desirable Location – Azle offers small-town charm with easy access to major urban centers
- Community-Oriented Design – Thoughtful layout fosters tenant satisfaction and retention
- Expansion Potential – Two cleared sites for future residential or amenity development
- Strong Tenant Demand – The property appeals to tenants seeking modern homes in a peaceful community
EXECUTIVE SUMMARY
Discover Rocky Top, a premier multi-family residential investment opportunity in Azle, Texas. Spanning 10 acres, this home community offers a turnkey cash-flowing asset with a blend of rustic charm and modern convenience. With 100% occupancy, long-term tenants, and minimum 1-year lease terms, investors benefit from immediate revenue and a stable income stream. Designed for quality living, the community features 12 well-crafted homes—a mix of one-story and loft-style residences, providing tenants with spacious, comfortable accommodations that blend cabin-style aesthetics with modern amenities. Additionally, two cleared expansion sites offer opportunities for future development, increasing the long-term value of this investment.
PROPERTY FACTS
| Price | $4,746,128 CAD | Building Class | C |
| Price Per Unit | $395,511 CAD | Lot Size | 10.04 AC |
| Sale Type | Investment | Building Size | 18,200 SF |
| Cap Rate | 6.70% | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2022 |
| Property Subtype | Apartment | ||
| Zoning | none - Outside Azle Zoning | ||
| Price | $4,746,128 CAD |
| Price Per Unit | $395,511 CAD |
| Sale Type | Investment |
| Cap Rate | 6.70% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 10.04 AC |
| Building Size | 18,200 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2022 |
| Zoning | none - Outside Azle Zoning |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Washer/Dryer Hookup
- Ceiling Fans
- Oven
- Dining Room
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | - | 1,400 - 1,500 |
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7311 FM 1886
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