Property Details
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TINA CARTER
The Michael Group Real Estate
phone: (817) 577-9000
mobile: (817) 909-2357
office: (817) 577-9000
fax: (817) 571-0645
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1845 Precinct Line Road, Suite 201Hurst, TX 76054
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2820 US HWY 380, Decatur, Texas 76234, USA
List Price: $1,950,000
Sale price per sqm: 8,627.06 $
Status: ACT
MLS#: 21073865
Property type: Commercial for sale, Business
Property Size: 2,433 sqft (226.026 m2)
Land size: 1.86 sqft (0.17 m2)
Building Size: 2,433 sqft (226 m2)
Property Details
2016 Year Built:
Wood Exterior Description:
Resale Condition:
Wood Floors:
septic tank Utilities:
Central, Electric Heating System:
Central, Electric Cooling System:
composition Roofing:
Parking / Garage
Common Lot Parking type:
Remarks
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 by: The Michael Group Real Estate

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