Residential Rental Property Portfolio For Sale which includes 20 single family residential homes five of which are located in White Settlement, TX, home to Lockheed Martin & past State Champions Brewer Bears. White Settlement is a growing suburb just west of Fort Worth with visionary leaders that dedicate their lives… Read More & free time to city planning & keeping the small community family oriented. White Settlement ISD has a four out of five star rating with The State of Texas. Lockheed Martin declared The City of White Settlement as it's home base years ago & occupies hundreds of acres of land within the city & generates billions of dollars to the economy. The remaining 15 single family homes are located in Pelican Bay nicknamed The Bay because of it's proximity to Eagle Mountain Lake, friendly neighborhoods & relaxed environment. Here, people will discover comfort & charm in this welcoming neighborhood outside Azle, TX. Perfect for everyday living & surrounded by nearby restaurants, shopping & more. This current rental portfolio has five vacancies which the Professional Property Management Company has just Jan 2026 started marketing the vacancies (all but one). The current rental income generates over $200,000 gross annually. The majority of the properties are in very good condition and also occupied. Within this portfolio a prospective buyer can expect on of the properties in White Settlement to need renovation and another property in The Bay to need renovation. There are not any surveys available. The majority of the tenants are on month to month leases affording the new owner plenty of space to raise rents and lock in tenants with longer term leases. Some properties have fenced backyards and some do not. The majority of the properties have central heat and air. Some have had roof replacements and new ac units. This is the investment portfolio you have been waiting for! Read Less
Courtesy of AmeriPlex Realty, Inc., Teresa Von Illyes.
Listing Snapshot
Days Online
0
Last Updated
Property Type
Other
Lot Size
0.21 Acres
Year Built
1958
MLS Number
21160383
Additional Details
Appliances & Equipment
Dishwasher, Disposal
Building
Built in 1958, Construction materials: Brick, Frame, Levels: One, 20 buildings, 1, Toal building area: 1290
Cooling
CentralAir, CeilingFans
Expenses
Insurance: $24,000
Floors
Carpet, CeramicTile, Laminate
Heating
Central
Income
Gross income: $201,180, Net operating income: $100,000
Interior Features
HighSpeedInternet, CableTv
Lot
0.206 acres, 8,973 sqft, Landscaped
Parking
40 total parkings, Garage
Pool
None
Roof
Composition
Sewer
PublicSewer
Utilities
SewerAvailable, WaterAvailable, CableAvailable
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