Last list price
6
Beds
3
Baths
3,655
Sq Ft
0.71
Acres
Highlights
- Covered patio or porch
- Awning
- Central Heating and Cooling System
- Ceramic Tile Flooring
- Board and Batten Siding
- 6 Car Garage
About This Home
As of July 2025Turnkey Investment Opportunity Minutes from Eagle Mountain Lake
Just minutes from the recreational haven of Eagle Mountain Lake, this income-producing property offers the perfect blend of lifestyle appeal and solid investment fundamentals. With a strong rental history and typical vacancy of less than a month, this asset delivers reliable, long-term cash flow. Tenants have remained in place for 3–5 years, and just recently moved due to property on market.
Investors will appreciate the major updates already completed: two new HVAC systems, updated lateral septic lines, fresh exterior paint, and a recently installed chain-link fence.
The property includes a detached shop currently listed as a studio with space for 6+ vehicles large enough for large RV or Boat—ideal for conversion into additional rental units or storage space to boost income. The upstairs apartment offers a second income stream, perfect for long-term or short-term rental strategies.
Set on a spacious lot with mature fruit trees and ample outdoor space, there's room to expand or further develop. Whether you're looking to grow your portfolio or capitalize on a value-add opportunity near one of North Texas’s most popular lake destinations, this property checks all the boxes.
Last Agent to Sell the Property
Real Broker, LLC Brokerage Phone: 682-554-5561 License #0635892 Listed on: 02/02/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,856
Year Built
- Built in 1940
Lot Details
- 0.71 Acre Lot
- Gated Home
- Wrought Iron Fence
- Property is Fully Fenced
- Wood Fence
- Chain Link Fence
- Aluminum or Metal Fence
Parking
- 6 Car Garage
- 2 Carport Spaces
- Driveway
- Additional Parking
Home Design
- Duplex
- Slab Foundation
- Asphalt Roof
- Board and Batten Siding
Interior Spaces
- 2-Story Property
- Awning
Kitchen
- Electric Cooktop
- Dishwasher
- Disposal
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Outdoor Features
- Covered patio or porch
Schools
- Liberty Elementary School
- Azle High School
Utilities
- Central Heating and Cooling System
- Aerobic Septic System
Listing and Financial Details
- Assessor Parcel Number 04065638
Community Details
Overview
- 2 Buildings
- 2 Units
- 3,655 Sq Ft Building
- M E P & P Rr Co Survey #33 Subdivision
Building Details
- Gross Income $47,400
- Net Operating Income $36,938
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 11, 2024
Sold by
Robert And Linda Chelette Irrevocable Tr and Bachand Charlotte Dawn
Bought by
Chelette Irrevocable Trust and Bachand
Purchase Details
Closed on
Sep 22, 2017
Sold by
Chelette Robert Gus and Chelette Linda Willis
Bought by
Taylor Deanna Chenea and Taylor Ronald Lee
Purchase Details
Closed on
Jun 1, 2016
Sold by
Clements Elizabeth Ellen
Bought by
Chelette Robert and Chelette Linda
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,750
Interest Rate
3.59%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 9, 2005
Sold by
Rs Estates Two Inc
Bought by
Locklear Edith Patricia
Similar Homes in Azle, TX
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | -- | None Available | |
| Vendors Lien | -- | Old Republic Title | |
| Warranty Deed | -- | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $111,750 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/24/2025 07/24/25 | Sold | -- | -- | -- |
| 07/14/2025 07/14/25 | Pending | -- | -- | -- |
| 07/10/2025 07/10/25 | Price Changed | $299,000 | -5.1% | $82 / Sq Ft |
| 07/08/2025 07/08/25 | Price Changed | $315,000 | -1.6% | $86 / Sq Ft |
| 07/05/2025 07/05/25 | Price Changed | $320,000 | -1.5% | $88 / Sq Ft |
| 06/26/2025 06/26/25 | Price Changed | $325,000 | -7.1% | $89 / Sq Ft |
| 06/17/2025 06/17/25 | Price Changed | $350,000 | -6.7% | $96 / Sq Ft |
| 06/05/2025 06/05/25 | Price Changed | $375,000 | -6.2% | $103 / Sq Ft |
| 05/15/2025 05/15/25 | Price Changed | $399,900 | -1.3% | $109 / Sq Ft |
| 05/09/2025 05/09/25 | Price Changed | $404,990 | -1.2% | $111 / Sq Ft |
| 04/29/2025 04/29/25 | Price Changed | $409,990 | -1.2% | $112 / Sq Ft |
| 04/20/2025 04/20/25 | Price Changed | $415,000 | -1.2% | $114 / Sq Ft |
| 04/13/2025 04/13/25 | Price Changed | $420,000 | -1.2% | $115 / Sq Ft |
| 04/07/2025 04/07/25 | Price Changed | $424,900 | -1.2% | $116 / Sq Ft |
| 03/30/2025 03/30/25 | Price Changed | $429,900 | -1.1% | $118 / Sq Ft |
| 03/23/2025 03/23/25 | Price Changed | $434,900 | -0.9% | $119 / Sq Ft |
| 03/10/2025 03/10/25 | Price Changed | $439,000 | -1.3% | $120 / Sq Ft |
| 03/01/2025 03/01/25 | Price Changed | $445,000 | -2.2% | $122 / Sq Ft |
| 02/25/2025 02/25/25 | Price Changed | $455,000 | -2.2% | $124 / Sq Ft |
| 02/02/2025 02/02/25 | Price Changed | $465,000 | -17.7% | $127 / Sq Ft |
| 02/02/2025 02/02/25 | For Sale | $565,000 | -- | $155 / Sq Ft |
Source: North Texas Real Estate Information Systems (NTREIS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $7,856 | $467,312 | $78,150 | $389,162 |
| 2023 | $6,821 | $419,445 | $78,150 | $341,295 |
| 2022 | $5,266 | $277,737 | $38,150 | $239,587 |
| 2021 | $5,406 | $277,737 | $38,150 | $239,587 |
| 2020 | $2,920 | $150,000 | $24,850 | $125,150 |
| 2019 | $3,038 | $150,000 | $24,850 | $125,150 |
| 2018 | $3,038 | $150,000 | $24,850 | $125,150 |
| 2017 | $3,930 | $203,749 | $23,450 | $180,299 |
| 2016 | $2,470 | $128,060 | $23,450 | $104,610 |
| 2015 | $1,556 | $80,000 | $6,030 | $73,970 |
| 2014 | $1,556 | $80,000 | $6,030 | $73,970 |
Source: Public Records
Agents Affiliated with this Home
-
C
Seller's Agent in 2025
Chenea Taylor
Real Broker, LLC
-
R
Buyer's Agent in 2025
Rush Kittle
Better Homes & Gardens, Winans
Map
Source: North Texas Real Estate Information Systems (NTREIS)
MLS Number: 20833452
APN: 04065638
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2025. All rights reserved
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