$1,950,000

2820 US HWY 380, Decatur, TX 76234

  • 2,433 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 2016
  • Property Lot Size Icon1.86acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $801/sqft
  • Property List Date Icon Listed 27 days ago

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. Also available as a single turnkey investment: the 380 Eagle’s Nest Tiny Home & Storage Facility as a combined portfolio. Includes 16 fully leased custom tiny homes with full kitchens and utilities included, an on-site coin laundry, and this 50-unit storage facility with 5 parking spaces. Combined operations generate $276,219 NOI on $361,620 gross income, delivering a 10.26% cap rate at $2,650,000 with upside as storage lease-up continues.

Listing Status:
Active
Listing Office:
The Michael Group Real Estate : 817-577-9000
Listing Agent:
Charles Horton :
MLS ID:
21073865
  • Flooring: Wood
  • A/C: Central AirElectric
  • Heating: CentralElectric
  • Parking: AsphaltCommon
  • Roofing: Composition
  • General: Wood Siding1Pillar/Post/Pier
  • Originating MLS: NTR
  • County: Wise
  • Zoning: A-538 JH MOORE 2.04 ACRES201100845
  • Utilities: Septic Available
  • Sewer: Septic Tank
  • Source: NTR

This listing courtesy of Charles Horton, The Michael Group Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

R

Rann Elementary School

1300 Deer Park Rd, Decatur, TX, 76234

Grades PK-5

1.02 miles away

M

McCarroll Middle School

1201 W Thompson St, Decatur, TX, 76234

Grades 6-8

1.44 miles away

D

Decatur High School

750 E Eagle Smt, Decatur, TX, 76234

Grades 9-12

2.86 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.