2820 US HWY 380, DECATUR, TX 76234

Homes for sale in Decatur.

Homes for sale in 76234.


2820 US HWY 380

Decatur, TX 76234

Active

List Price$1,950,000

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

Listing #21073865

2,433

Square Feet

16

Number of Units

Commercial

Type

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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