About 255 Baughman Hill Road
Discover an exceptional investment opportunity on 6.5 acres, strategically positioned alongside the 7th Tee of the Cross Timbers Golf Course in Azle. This unique property boasts a portfolio of four well-maintained duplexes, along with a versatile manager's office. Imagine the possibilities: The property is primed for expansion with the potential to add six more duplexes, according to engineer. Alternatively, envision building your dream estate at the rear of the property, while retaining the multi-family units up front for a steady income stream. Whether you're considering a family compound or a diversified small business venture, this site offers unparalleled flexibility. Resourcefully planned, the property is equipped with two operational wells and also offers access to co-op water for added convenience. Enjoy the financial benefits of no city taxes, as the property resides just outside city jurisdiction. However, the option to annex is available, as the property borders city limits.
Features of 255 Baughman Hill Road
MLS® # | 20444947 |
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Price | $1,900,000 |
Units | 9 |
Bedrooms | 26 |
Full Baths | 17 |
Building Area Total | 9,575 |
Acres | 6.56 |
Year Built | 2004 |
Type | Residential Income |
Sub-Type | Multi Family |
Status | Active |
Community Information
Address | 255 Baughman Hill Road |
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Subdivision | Chamberless |
City | Azle |
County | Parker |
State | TX |
Zip Code | 76020-1960 |
Amenities
Utilities | Aerobic Septic, Asphalt, Well, Co-op Water, Gravel/Rock, Outside City Limits |
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Parking Spaces | 10 |
# of Garages | 2 |
Garages | Driveway |
Is Waterfront | No |
Has Pool | No |
Interior
Interior Features | Cable TV Available, High Speed Internet Available, Walk-In Closet(s), Built-in Features |
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Heating | Electric |
Fireplace | No |
Exterior
Lot Description | Adjacent to Greenbelt, Level, On Golf Course |
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Roof | Composition |
Construction | Metal Siding |
Foundation | Slab |
School Information
District | Azle ISD |
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Elementary | Silver Creek |
High | Azle |
Additional Information
Net Operation Income | $42,164 |
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Gross Annual Income | $140,400 |
Gross Annual Expenses | $43,726 |
Insurance Expense | $17,231 |
CapitalizationRate | 2.22 |
Unit 1 Details
Type | 2 Bedroom |
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Full Baths | 1 |
Rent | $1,500 |
SqFt | 895 |
Unit 2 Details
Type | 3 Bedroom |
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Full Baths | 2 |
Rent | $1,300 |
SqFt | 1,085 |
Unit 3 Details
Type | 3 Bedroom |
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Full Baths | 2 |
Rent | $1,300 |
SqFt | 1,085 |
Listing Details
Agent | Terrence Bilodeau |
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Office | Compass RE Texas, LLC |