1610 Newsom Mound Road Springtown, TX 76082
11 Beds
6 Baths
3.35 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiple Single Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 21075365
Bedrooms 11
Full Baths 6
HOA Y/N None
Total Fin. Sqft 5686
Annual Tax Amount $8,900
Lot Size 3.351 Acres
Acres 3.351
Property Sub-Type Multiple Single Units
Property Description
This unique property offers six tenant occupied homes on 3.351 acres, making it an excellent addition to any rental portfolio. PLEASE DO NOT DISTURB TENANTS.
Each home sits on approximately half acre, and the property has very nice Pecan and Blackjack oak trees.
Five of the homes are two bedroom and one bath, of which four were fully renovated in 2010 and the fifth was fully renovated in 2022. These homes have pier & beam foundations and feature central HVAC, propane heat, and hardwired smoke detectors. The sixth home is one bedroom and one bath and was built in 2018 with a slab foundation, Hardie plank siding, packaged terminal AC with electric heat, and battery-operated smoke detectors. Five homes also have owner supplied washer and dryers.
Each home is equipped with the following:
150-gallon propane tank & 200-amp electric service.
Refrigerator with icemaker, built-in microwave, dishwasher, and propane range.
Propane tankless water heater.
Tile flooring throughout.
Low-E vinyl double-pane – single hung windows, ceiling fans, and mini blinds.
Motion detection exterior security lights.
Two homes have one car attached garages and three homes have large detached carports.
Each home has its own septic system with two being aerobic and four being conventional.
Investor-friendly setup: Each home is separately metered. Tenants paying their own water, electricity, and propane, as well as lawn care—keeping operating costs low for the owner. Owner provides a community dumpster for trash disposal.
With a conservative projected net income for 2025 this property produces a 7% cap rate based on the listing price, opportunities like this are rare in today's market.
Additional pictures available upon request.
Location
State TX
County Parker
Direction From Azle Highway 199 East towards Springtown. Turn Left on Newsom Mound Rd. Properties are on the left.
Interior
Interior Features High Speed Internet Available
Heating Central, Propane
Cooling Ceiling Fan(s), Central Air
Flooring Ceramic Tile
Appliance Dishwasher, Dryer, Gas Range, Microwave, Washer
Heat Source Central, Propane
Exterior
Exterior Feature Storage
Garage Spaces 3.0
Carport Spaces 8
Utilities Available Aerobic Septic, Community Mailbox, Gravel/Rock, Individual Water Meter, Outside City Limits, Overhead Utilities, Private Road, Septic, Unincorporated
Roof Type Composition
Total Parking Spaces 6
Garage No
Building
Story One
Foundation Pillar/Post/Pier, Slab
Level or Stories One
Structure Type Siding
Schools
Elementary Schools Azle
High Schools Azle
School District Azle Isd
Others
Ownership see taxes
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21075365
