Remarks

380 Eagle’s Nest is a turnkey investment opportunity located just off Hwy 380 in unincorporated Wise County. This income-producing property features a tiny home community and storage facility on approximately 3.74 acres, generating $284,000 in gross annual revenue and $230,000 in net income, delivering a 10% cap rate. The property includes 16 custom-built tiny homes, each approximately 392 square feet, with full kitchens including a refrigerator, cooktop, oven, and microwave. Homes are not furnished. Water, electric, and trash service are included for tiny homes. A coin-operated laundry facility with Speed Queen commercial equipment is also on-site, adding convenience and additional income. The property offers 50 storage units and 5 parking spaces, with rental rates ranging from $50 to $900 month. Operated on city water and septic, and located in the county, the site requires no city approvals for improvements or expansion. With low annual expenses of $54,000 and strong demand driven by the Decatur and DFW markets, this is a rare opportunity for stable returns and long-term growth. Aerial imagery is for illustration only. Property boundaries and acreage (approx. 3.74 acres) subject to survey. Sales price is not contingent on exact land size. Property to be sold by metes and bounds description.

Details

MLS#: 20949344
Price: $2,300,000

Style: Business
Year Built: 2002

County: Wise
Subdivision: JH MOORE