7971 Peden RoadAzle, TX 76020Price: $425,000

Turnkey residential income opportunity offering immediate cash flow and an attractive 8.23% cap rate. Situated on 1.3+ acres, this unique property features two separately leased residences, making it an ideal addition to any investment portfolio or an excellent option for an owner-occupant seeking built-in rental income. The front residence has been extensively remodeled with quartz countertops, luxury vinyl plank flooring, updated cabinetry, and contemporary finishes throughout, and is currently leased for $1,999 per month. The second residence is a 2022-built manufactured home offering 3 bedrooms, 2 bathrooms, and 1,216 square feet. It has its own address, private entrance, separate utilities, and has been permanently affixed and perfected to the real property deed, enhancing financing flexibility and long-term value. The back residence is currently leased for $1,600 per month. Producing $43,188 in gross annual income with annual operating expenses of just $8,195, the property generates a net operating income of $34,993, resulting in an impressive 8.23% cap rate at the current asking price. With both units occupied and producing immediate income, 7971 Peden Rd offers investors a stabilized, turnkey asset with strong cash flow and long-term upside.