11
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$1,950,000
Est. payment /mo
1.86 Acres Lot
New
2820 US HWY 380 Decatur, TX 76234
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Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Subdivision Jh Moore 2
MLS Listing ID 21073865
Total Fin. Sqft 2433
Year Built 2016
Annual Tax Amount $17,051
Lot Size 1.860 Acres
Acres 1.86
Property Sub-Type Business
Property Description
Eagles Nest Tiny Homes. 2820 Highway 380, Decatur, TX 76234. List Price: $1,950,000 Cap Rate: 8.61% Net Operating Income NOI $167,965
Turnkey tiny home rental community in unincorporated Wise County 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.
Turnkey tiny home rental community in unincorporated Wise County 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.
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
Heat Source Central, Electric
Exterior
Utilities Available Septic
Roof Type Composition
Garage No
Building
Foundation Pillar/Post/Pier
Structure Type Wood
Others
Ownership G1L1
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21073865
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Listed by Charles Horton • The Michael Group Real Estate
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