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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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7971 Peden Rd , Azle, TX 76020
$400,000
Est. Payment: $2,059.37/mo
6 Bed
4 Bath
1242 Sqft
Status: active | Days on site: 40
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House 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.

Highlights

Listed by Daniel Harker , and Rocky Presley , Keller Williams Realty DPR , North Texas Real Estate Information Systems

Property Type

Multi-Family

Lot/Acreage
1.36

Year Built

1978

County

Tarrant

Neighborhood

Lscs Peden Add

School District

Azle ISD

Listing ID

21324127

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:6
  • Bathrooms:4
  • Full Bathrooms:4
Appliances:Dishwasher, Disposal, Gas Cooktop, Gas Oven, Plumbed For Gas in Kitchen, Refrigerator
Air Cond:Central Air,Electric
Fireplaces:Wood Burning
Floor:Carpet,Luxury Vinyl Plank
Other:
  • Additional:Cable TV Available, Eat-in Kitchen, High Speed Internet Available, Vaulted Ceiling(s), Walk-In Closet(s)

Exterior Features

Lot:1 to < 3 Acres
Garage Capacity:8
Roof:Composition
Others:
  • Additional:Preowned
Parking Features:Asphalt,Driveway,Gravel
Principal Interest
$2,059
Taxes
$349

Home Price

$400,000

Loan Details

30 yrs
6.674%

Down Payment

20%
$80,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,059.37

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,059.37 $349.42 $0.00 $2,408.79
Yearly $24,712.48 $4,193.00 $0.00 $28,905.48
Total $741,374.54 $125,790.00 $0.00 $867,164.54

Today's Rates

30 Year

6.67%

20 Year

6.37%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Azle, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by North Texas Real Estate Information Systems Multiple Listing Service, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-24T21:21:41.390Z

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