15-Unit Multifamily in Azle, TX
TX · listed Aug 25, 2026 (63 days)
- $/unit
- $66,333
- ▼ 34% vs TX · 20th pct
- Cap rate
- —
- NOI
- $62K
- $4,152/unit/yr
- Units
- 15
- 15 bldg · 2019
Financials
- Asking price
- $995,000
- Price per unit
- $66,333
- Price per sq ft
- $22
- Gross rent / year
- $93,480
- Net operating income
- $62,277
- NOI per unit
- $4,152
- Cap rate
- Not stated
- Gross yield
- 9.4%gross rent ÷ price
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 15
- Unit mix
- Not stated
- Buildings
- 15
- Year built
- 2019
- Building size
- 46,173 sq ft
- Avg unit size
- 3,078 sq ft
- Lot size
- 1.16 acres
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Aug 25, 2026
- Days on market
- 63 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1495
About this property
Rare opportunity to acquire Eagle Point RV Park, a boutique 15-site lakefront RV community on Eagle Mountain Lake offering approximately 100 feet of owned lake frontage, direct water access, and a covered dock with two boat slips. This income-producing property combines the stability of long-term RV site rentals with recreational amenities rarely available in competing RV parks. The park features 15 RV sites, gravel drives and parking areas, mature trees, fenced boundaries, and convenient access to the lake for boating and fishing. Current rental structure includes 13 sites at $525month, one site at $650month, and one site at $315month, providing projected gross site rent of approximately $93,480 annually at full occupancy. Based on normalized operating expenses, projected NOI is approximately $70,854, with additional value-add opportunity through future rent growth and operational improvements. Offered at $1,100,000, Eagle Point provides investors an opportunity to acquire both an established income-producing RV operation and scarce waterfront real estate in the growing DFW market. The lake frontage, private dock, boat slips, mature setting, and proximity to Fort Worth distinguish this property from traditional inland RV communities and provide potential for continued rental demand and long-term appreciation. Ideal for an investor seeking a stabilized recreational asset, owner-operator opportunity, or value-add investment with a difficult-to-replicate waterfront location. Do not disturb tenants. Contact listing agent for financial information, property details, and showing instructions.
From Fort Worth, take I-820 W to TX-(address on request) toward Lake Worth. Continue northwest on TX-199 toward Azle. Take the appropriate exit toward FM (address on request) and continue toward the Eagle Mountain Lake area. Follow local roads to Briar Road and continue to (address on request), Azle, TX 76020.
Location
Approximate area. The exact address is shared on request.
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