Homes at Rocky Top 7311 FM 1886 12 Unit Apartment Building $3,250,000 ($270,833/Unit) 6.98% Cap Rate Azle, TX 76020

Rocky Top presents an exceptional multi-family investment opportunity in Azle, Texas. This 10-acre residential community combines the appeal of rustic, cabin-inspired architecture with contemporary amenities, delivering a ready-to-operate, income-generating asset. The property boasts full occupancy with established, long-term residents committed to lease agreements of one year or more, ensuring consistent cash flow and financial stability for investors. The community consists of 12 thoughtfully designed homes that include both single-level and loft-style units, offering residents generous living spaces that balance countryside character with modern comforts. Two additional cleared parcels provide strategic expansion possibilities, positioning this investment for enhanced returns through future growth.
» Immediate Cash Flow – Fully leased with long-term tenants, providing stable rental income from day one
» Expansion Potential – Two cleared sites for future residential or amenity development
» Desirable Location – Azle offers small-town charm with easy access to major urban centers
» Strong Tenant Demand – The property appeals to tenants seeking modern homes in a
peaceful community
» Community-Oriented Design – Thoughtful layout fosters tenant satisfaction and retention
» One-Story Units: 1,270 sq. ft., 3 bed/2 bath, fully-equipped kitchen, laundry, dining
» Loft Units: 1,670 sq. ft., 3 bed/2 bath, two-level living, premium features
» Construction: High-quality materials for durability and reduced maintenance costs