2820 Us Hwy 380

Description

Eagles Nest Tiny Homes. 2820 Highway 380, Decatur, TX 76234. List Price: $1,950,000 Cap Rate: 8.61% Net Operating Income NOI $167,965Turnkey tiny home rental community in unincorporated Wise County 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 Eagles 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.