2,433 SqFt
2,433 SqFt
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 2,433 sqft
Price per Sqft $801
Subdivision Jh Moore 2
MLS Listing ID 21073865
HOA Y/N No
Year Built 2016
Annual Tax Amount $17,051
Lot Size 1.860 Acres
Acres 1.86
Property Sub-Type Business
Property Description
Turnkey tiny home rental community in the Decatur ETJ with strong occupancy and stable cash flow. The property includes 16 custom-built tiny homes approx. 392 sq. ft. each, all currently leased. Each home features a full kitchen with refrigerator, cooktop, oven, and microwave; homes are delivered unfurnished, providing flexibility for long-term or short-term rentals. Tenants enjoy included water, electric, and trash service. Additional amenities include an on-site coin laundry with Speed Queen equipment. The property is supplied by city water with a septic system, allowing future expansion without city zoning or approvals. Financially simple and low-maintenance, the community produces an 8.61% cap rate on $167,965 NOI with clear long-term demand in the fast-growing Decatur DFW corridor. Disclaimer: Aerial imagery is for illustration purposes only. Property boundaries and acreage approx. 1.86 acres are subject to survey; sales price is not contingent on exact land size. Property to be conveyed by metes and bounds description. Also available as a single turnkey investment: the 380 Eagle's Nest Tiny Home & Storage Facility as a combined portfolio. Includes 16 fully leased custom tiny homes with full kitchens and utilities included, an on-site coin laundry, and this 50-unit storage facility with 5 parking spaces. Combined operations generate $276,219 NOI on $361,620 gross income, delivering a 10.26% cap rate at $2,650,000 with upside as storage lease-up continues.
Location
State TX
County Wise
Zoning unincorporated. outside city limits
Direction google maps is correct
Interior
Heating Central, Electric
Cooling Central Air, Electric
Flooring Wood
Inclusions Business, Land & Improvements
Fireplace No
Exterior
Parking Features Asphalt, Common
Utilities Available Septic Available
Roof Type Composition
Building
Story 1
Foundation Pillar/Post/Pier
Sewer Septic Tank
Others
Tax ID 201100845
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21073865
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