Estimated payment $11,618/month
Highlights
- On Golf Course
- Adjacent to Greenbelt
- Built-In Features
- 6.56 Acre Lot
- Attached Garage
- Walk-In Closet
About This Home
Outstanding investment and development opportunity on 6.5 acres directly adjoining the 7th Tee of Cross Timbers Golf Course in Azle. This rare property features four well-maintained duplexes plus a flexible manager’s office, offering immediate income potential. The site has been thoughtfully planned and provides incredible options for future growth. According to engineering, there is potential to expand with up to six additional duplexes, significantly increasing rental capacity. Another unique opportunity is to create a private estate at the rear of the property, while continuing to generate consistent income from the multi-family units at the front. The layout is ideal for a family compound, multi-generational living, or a diversified small business venture. Infrastructure is already in place to support multiple uses, including two operational wells plus access to co-op water for added convenience. Located just outside city limits, owners benefit from no city taxes, yet annexation is an option as the property borders city jurisdiction. The blend of location, flexibility, and existing improvements makes this offering stand out. Whether you are an investor seeking a strong income-producing asset, a developer looking to expand, or a buyer wanting to build a dream estate with additional income properties, the possibilities here are endless.
Listing Agent
Helen Painter Group, REALTORS Brokerage Phone: 4055900903 License #0746675 Listed on: 08/21/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $28,131
Year Built
- Built in 2004
Lot Details
- 6.56 Acre Lot
- On Golf Course
- Adjacent to Greenbelt
- Aluminum or Metal Fence
- Wire Fence
- Level Lot
Home Design
- Slab Foundation
- Metal Roof
- Metal Siding
Interior Spaces
- 9,458 Sq Ft Home
- 1-Story Property
- Built-In Features
- Ceiling Fan
- Concrete Flooring
- Fire and Smoke Detector
Kitchen
- Electric Range
- Dishwasher
Bedrooms and Bathrooms
- 26 Bedrooms
- Walk-In Closet
- 17 Full Bathrooms
Parking
- Attached Garage
- Driveway
Schools
- Silver Creek Elementary School
- Azle High School
Utilities
- Central Air
- Heating Available
- Water Purifier
- Water Softener
- Aerobic Septic System
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number R000039025
Community Details
Overview
- 9 Units
- 9,458 Sq Ft Building
- Chamberless Subdivision
Building Details
- Gross Income $140,000
- Net Operating Income $40,000
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/21/2025 08/21/25 | For Sale | $1,770,000 | -- | $187 / Sq Ft |
Source: North Texas Real Estate Information Systems (NTREIS)
MLS Number: 21036022
APN: 20314-031-000-00
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