Listing Courtesy of: 469-363-0209 - Charles Horton - The Michael Group Real Estate
817-577-9000
$2,690,000
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2820 Us Highway 380 Decatur, TX 76234
Other
Residence
Beds
Baths
...
Bed/Bath
19,126
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
380 Eagle’s Nest is a turnkey investment opportunity located just off Hwy 380 in the Decatur ETJ of Wise County. This income-producing property features a tiny home community and storage facility on approximately 3.74 acres, generating $367,920 in gross annual revenue and $282,519 in net income, del...ivering a 10.5% 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 $1000 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 $85,401 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. This property may be purchased individually or together with the adjoining asset as a single turnkey investment. For details on the companion listings, see: Storage Facility – MLS #21073775 and Tiny Home Community – MLS #21073865. Buyers have the flexibility to acquire either asset separately or both as one combined portfolio.
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MLS#
21073972
Property Type
Other
Year Built
2002
Square Feet
19,126
sq. ft
Price per Sq. Ft.
$119,354.40
Lot Size
2.74
Sewer
Aerobic Septic, Septic
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