7971 Peden Road, Azle, TX

$400,000

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6

Beds

4

Baths

1.36

Acres

About 7971 Peden Road

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.

Features of 7971 Peden Road

MLS® # 21324127
Price $400,000
Bedrooms 6
Bathrooms 4.00
Full Baths 4
Acres 1.36
Year Built 1978
Type Residential Income
Sub-Type Multi Family
Status Active

Community Information

Address 7971 Peden Road
Subdivision Lscs Peden Add
City Azle
County Tarrant
State TX
Zip Code 76020-5427

Amenities

Utilities All Weather Road, Co-op Water, Outside City Limits, Septic
Parking Spaces 8
Garages Asphalt, Driveway, Gravel
Is Waterfront No
Has Pool No

Interior

Interior Features Cable TV Available, Eat-in Kitchen, High Speed Internet Available, Vaulted Ceiling(s), Walk-In Closet(s)
Heating Central
Fireplace Yes
# of Fireplaces 1
Fireplaces Wood Burning

Exterior

Roof Composition
Construction Brick
Foundation Slab

School Information

District Azle ISD
Elementary Liberty
High Azle

Listing Details

AgentDaniel Harker
OfficeKeller Williams Realty DPR
Contact Info469-717-6391
Office Contact469-717-6391

Listing Map

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