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$ 2,300,000
Est. payment | /mo
2.74 Acres Lot
$ 2,300,000
Est. payment | /mo
2.74 Acres Lot
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Subdivision Jh Moore
MLS Listing ID 20949344
Total Fin. Sqft 19126
Year Built 2002
Annual Tax Amount $14,616
Lot Size 2.740 Acres
Acres 2.74
Property Sub-Type Business
Property Description
380 Eagle's Nest is a turnkey investment opportunity located just off Hwy 380 in unincorporated Wise County. This income-producing property features a tiny home community and storage facility on approximately 3.74 acres, generating $290,640 in gross annual revenue and $211,140 in net income, delivering a 9.18% cap rate. The property includes 16 custom-built tiny homes, each approximately 392 square feet, with full kitchens including a refrigerator, cooktop, oven, and microwave. Homes are not furnished. Water, electric, and trash service are included for tiny homes. A coin-operated laundry facility with Speed Queen commercial equipment is also on-site, adding convenience and additional income. The property offers 50 storage units and 5 parking spaces, with rental rates ranging from $50 to $900 month. Operated on city water and septic, and located in the county, the site requires no city approvals for improvements or expansion. With low annual expenses of $79,500 and strong demand driven by the Decatur and DFW markets, this is a rare opportunity for stable returns and long-term growth. Aerial imagery is for illustration only. Property boundaries and acreage (approx. 3.74 acres) subject to survey. Sales price is not contingent on exact land size. Property to be sold by metes and bounds description.
Location
State TX
County Wise
Zoning unincorporated
Direction google maps is accurate.
Interior
Heating Electric
Cooling Electric
Flooring Concrete, Wood
Heat Source Electric
Exterior
Utilities Available Aerobic Septic
Roof Type Composition,Metal
Garage No
Building
Lot Description Acreage
Foundation Slab
Structure Type Metal Siding,Wood
Others
Ownership G1L1
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20949344
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Listed by Charles Horton • The Michael Group Real Estate
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Tamra Holden
Broker-Associate | Lic# 0625547