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7971 Peden Road

Briar TX 76020

6
4
8
1242 sq. ft.
59372.28 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

Stabilized, income-producing investment offering immediate cash flow with both residences fully leased through May 2027. Situated on more than 1.3 acres, this unique asset consists of two separately leased homes on two individual parcels, providing strong current income and multiple long-term exit strategies. The primary residence is a remodeled 1,917-square-foot home featuring three bedrooms, two bathrooms, quartz countertops, luxury vinyl plank flooring, updated cabinetry, and modern finishes throughout. It is currently leased for $1,999 per month through May 2027. The second residence is a 2022-built manufactured home offering three bedrooms, two bathrooms, and 1,242 square feet. Permanently affixed to the real property, it features separate utilities, its own address, and a private driveway. It is currently leased for $1,600 per month through May 2027. Together, the property generates $43,188 in annual gross rental income and offers low-maintenance ownership with tenant-paid utilities, recent improvements, and limited near-term capital expenditure requirements, making it an exceptional long-term investment.

Features

6 bedrooms
4 bathrooms
8 carspaces
2 carport spaces
1242 sq. ft. floor area
59372.28 sq. ft. lot size
Multi-Family

Property history for 7971 Peden Road

2024
Rented
Undisclosed
01 Dec 2024 by Locke Property Management
2022
Sold
Undisclosed
07 Jan 2022 by Lane Stults, of The Property Shop

Happy sellers in Briar

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We have insufficient information to provide an overview of customer satisfaction for Briar. Viewing the agent profiles, reviews and sales for Briar can provide insights for this location.

Local market activity for 6 bedroom multi families in Briar

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Sales:
(619) 566-0008
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