2820 US HWY 380, DECATUR, TX 76234
Homes for sale in Decatur.
Homes for sale in 76234.
2820 US HWY 380
Decatur, TX 76234
List Price$1,950,000
Listing #21073865
About This Property
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 the Decatur ETJ 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.
Property Features
Location Information
County
Wise
Subdivision
JH MOORE 2
Interior Features
Has Fireplace
No
Floors
Wood
Heating
Central, Electric
Tenant Pays
None
Cooling
Central Air, Electric
Total Number of Units
16
Exterior Features
Construction
Wood Siding
Lot Size in Acres
1.86
Foundation
Pillar/Post/Pier
Lot Size in Sq. Ft.
81,021
Roof
Composition
Possible Best Use
Other
Water / Sewer
Septic Available
Zoning
unincorporated. outside city limits
Utilities
Septic Available
Building Total Area (Sq. Ft.)
2,433
Parking Description
Asphalt, Common
Is One Story
No
Additional Information
Year Built Details
Preowned
Status
Active
Property Type
COM
Tax Annual Amount
17051.0
Property SubType
Business
Lot Acres Source
Owner
Year Built
2016
Similar Listings
Mortgage Calculator
$9,106
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$7,026
Monthly Tax
$1,625
Monthly Insurance
$455
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
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