6 Beds
3 Baths
0.71 Acres Lot
6 Beds
3 Baths
0.71 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision M E P & P Rr Co Survey #33
MLS Listing ID 20833452
Bedrooms 6
Full Baths 3
HOA Y/N None
Total Fin. Sqft 3655
Year Built 1940
Annual Tax Amount $7,856
Lot Size 0.710 Acres
Acres 0.71
Property Sub-Type Duplex
Property Description
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. Current tenants have remained in place for 3–5 years, underscoring the property's stability and desirability.
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—all reducing future capital expenditures.
The property includes a detached shop currently listed as a studio with space for 6+ vehicles—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.
Location
State TX
County Tarrant
Direction SEE GOOGLE MAPS. Liberty School Rd. between Goodman and Portwood across street from Lake.
Interior
Interior Features Other
Heating Central, Electric
Cooling Central Air, Electric
Flooring Carpet, Ceramic Tile
Appliance Dishwasher, Disposal, Electric Cooktop, Refrigerator
Heat Source Central, Electric
Exterior
Exterior Feature Covered Patio/Porch
Garage Spaces 6.0
Carport Spaces 2
Fence Chain Link, Full, Gate, Metal, Wood, Wrought Iron
Utilities Available Aerobic Septic, City Water, Co-op Electric
Roof Type Asphalt
Total Parking Spaces 2
Garage Yes
Building
Story Two
Foundation Slab
Level or Stories Two
Structure Type Board & Batten Siding,Wood
Schools
Elementary Schools Liberty
High Schools Azle
School District Azle Isd
Others
Ownership CHELETE TRUST
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20833452
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