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 $290,640 in gross annual revenue and $211,140 in net income, delivering a 9.18% 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 $79,500 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.
19,126 Sq Ft
2.74 Private Acres Exterior Space
Commercial
Built in 2002
MLS/Listing ID 20949344
1 Stories
66 Units
Heating - Electric
Lot - Acreage
Parking - Additional Parking
Parking - RV Access/Parking
Composition
Metal
Slab
Natural Wood
Concrete
Cooling - Electric
Construction - Wood
Construction - Metal Siding
Listing Courtesy of THE MICHAEL GROUP REAL ESTATE, CHARLES HORTON
Source of Data: NORTH TEXAS REAL ESTATE INFORMATION SYSTEMS