Listing provided courtesy of Trinity Group Realty- MLS# 21237322MLS ProviderContact Information: Katy Reeves - 972-313-5388,972-313-5388

1032 Greg Street #1, 2, 3, 4, 5Azle, TX 76020

Multi-Family · 8 Beds · 8 Full Baths · 5,349 Sq. ft. | 1.00 Acres
$1,149,000 Active

1032 Greg Street #1, 2, 3, 4, 5 Overview

Visits:
1

FANTASTIC INVESTMENT OPPORTUNITY, the one you’ve been waiting for! Welcome to a rare, income-producing property featuring five units situated on a full acre, offering both immediate cash flow and long-term upside. This unique portfolio includes three single-family homes and one duplex, providing an ideal mix for tenant diversity and rental stability. Four of the five units have been thoughtfully updated, allowing a new owner to step into a largely turn-key investment while still benefiting from future value-add potential on the remaining unit. The property is equipped with its own private well, with individual meters for each unit, helping streamline utility management and reduce owner expenses. A recently reworked septic system with updated equipment adds peace of mind and minimizes near-term capital expenditures. Numerous additional upgrades throughout the property further enhance its appeal and functionality. Each unit also features garage parking, a highly desirable amenity that adds convenience for tenants and increases rental appeal. Situated at 1020, 1024, 1026, 1028, and 1032 Greg Street, in Azle, TX, this multi-unit offering combines space, infrastructure, and income potential, all in one compelling package. Don’t miss this exceptional opportunity to expand your portfolio with a high-performing, multi-unit property! Showings are available every Wednesday from 10am-11am.

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

1032 Greg Street #1, 2, 3, 4, 5 Facts & Features

  • Type Multi-Family
  • Sq. ft. 5,349
  • Price/Sq.ft. $215
  • Lot 1.00 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Azle ISD
  • Elementary School: Cross Timbers
  • Middle Or Junior School: Azle
  • High School: Azle

Income/Expenses

  • Gross Income: 95460.0
  • Insurance Expense: 2680.0
  • Net Operating Income: 75343.0
  • Operating Expense Includes: Insurance,Maintenance,Supplies,Utilities

Building Information

  • Year Built: 1991
  • Year Built Details: Preowned

Location/Region

  • Country: US
  • County Or Parish: Parker
  • Postal City: AZLE
  • Subdivision Name: T&P Rr Co #7 Surv A 1431p Tr 2

General Information

  • Listing Terms: Cash,Conventional,1031 Exchange
  • Parcel Number: R000055539
  • Property Type: Residential Income
  • Senior Community: No

Interior

Parking Information

  • Garage Spaces: 7.0
  • Garage: Yes

Beds/Baths

  • Bathrooms Full: 8
  • Bathrooms Total: 8
  • Bedrooms Total: 8

Building Interior

  • Building Area Source: Appraiser
  • Building Area Total: 5349.0

General Information

  • Appliances: Electric Range,Electric Water Heater
  • Fireplace Features: Living Room
  • Fireplace: Yes
  • Flooring: Carpet,Combination,Ceramic Tile
  • Foundation Details: Slab
  • Interior Features: Double Vanity,Walk-In Closet(s)
  • Levels: One
  • Stories: 1

Unit Information

  • Unit Number: 1, 2, 3, 4, 5

Exterior

Parking Information

  • Parking Features: Driveway,Garage
  • Parking Total: 8.0

Lot Information

  • Lot Size Acres: 1.0
  • Lot Size Area: 43560.0
  • Lot Size Dimensions: 210x213.54x210.36x201.31
  • Lot Size Source: Appraiser
  • Lot Size Square Feet: 43560.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 4
  • Water Source: Well

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Attached Garage: Yes
  • Construction Materials: Brick
  • Patio And Porch Features: Awning(s)
  • Roof: Asphalt

General Information

  • Covered Spaces: 7.0
  • Fencing: Back Yard,Wood
  • Number Of Units Total: 5
  • Pool Features: None
  • Sewer: Aerobic Septic,Septic Tank
  • Utilities: Septic Available,Water Available

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1032 Greg Street #1, 2, 3, 4, 5 Market Data

Based on the last 30 days in this zip code

$499,202
Average List Price
$232
Average Price per Square Foot
56
Properties Sold
125
Average Days on Market
383
Properties for Sale
Calculations provided by Reliance Network


Prosperity Home Mortgage, LLC

Prosperity Home Mortgage, LLC

When you decide to buy a home or refinance your mortgage, your search should start and end here. At Prosperity Home Mortgage, LLC, we strive to create an extraordinary customer experience through the efforts of knowledgeable and caring mortgage professionals where relationships are valued, and the focus is on treating every client as if they were the only client. Choose a lender you can trust to find the mortgage loan that best suits your needs.


HomeServices Insurance

HomeServices Insurance

HomeServices Insurance is an independent agency that operates through a network of offices located throughout the northern Texas area.  As a full-service operation, we offer a full suite of quality insurance solutions including home, auto, umbrella, and more.  We have established long term relationships with many of the top national and regional carriers in the country, bringing you the power of choice when it comes to your personal insurance needs.