Discover a unique opportunity to own a beautifully remodeled home with a built-in income stream. The primary residence was completely renovated in 2022 and features stylish luxury vinyl plank flooring, quartz countertops, updated finishes, and modern fixtures throughout, blending contemporary design with country living. What truly sets this property apart is the second residence—a 2022-built manufactured home offering 3 bedrooms, 2 bathrooms, and 1,216 square feet. The second home has its own address, private entrance and sits on its own approximately 0.69-acre tax account while being conveyed with the property. It is perfected to the deed and is currently leased for $1,600 per month through May 2027, providing immediate rental income to help offset your mortgage or build long-term wealth. Situated on approximately 1.4 acres, this property offers the rare combination of privacy, flexibility, and income potential. Whether you're planning ahead for multigenerational living, looking for supplemental rental income, or wanting a future homestead with an established revenue stream, this property delivers. Please note: Both residences are tenant-occupied. The primary residence is leased for $1999 per month both leases extend through May 2027. The purchaser will assume the existing leases at closing.
Single-familyProperty Type
1978Year Built
0.69 acresLot Size
$209Price/Sq.Ft.
Listed by Daniel Harker• Keller Williams Realty DPR
Listed by Rocky Presley• Keller Williams Realty DPR
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.
NTREIS #21323891
Aug 21, 2026
Price Changed
$400,000
$209/sq ft
Jul 8, 2026
Listed
$425,000
$222/sq ft
NTREIS #20673979
Dec 1, 2024
Rental Removed
$1,999
$1/sq ft
Oct 19, 2024
Price Changed
$1,999
$1/sq ft
Oct 4, 2024
Price Changed
$2,100
$1/sq ft
Jul 13, 2024
Listed for Rent
$2,200
$1/sq ft
APPFOLIO #1
Dec 4, 2024
Rental Removed
$1,999
$1/sq ft
Dec 2, 2024
Listed for Rent
$1,999
$1/sq ft
Jul 13, 2024
Rental Removed
$2,200
$1/sq ft
Jul 1, 2024
Listed for Rent
$2,200
$1/sq ft
NTREIS #20615406
Jun 25, 2024
Listing Removed
—
Jun 5, 2024
Price Changed
$299,900
$156/sq ft
May 13, 2024
Price Changed
$310,000
$162/sq ft
May 13, 2024
Listed
$31,000
$16/sq ft
NTREIS #20498555
May 5, 2024
Listing Removed
—
Feb 19, 2024
Price Changed
$380,000
$198/sq ft
Jan 17, 2024
Price Changed
$390,000
$203/sq ft
Dec 20, 2023
Listed
$405,000
$211/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$462 (−1.9%)
$27,988
2024
$471 (+1.8%)
$27,988
2023
$462
$28,430
Public record
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
0.68 Acres
Year renovated
2022
Finished Sq. Ft.
1,216
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,216
Year built
2022
Style
Mobile/Manufactured Home
County
Tarrant County
APN
42981229
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 25, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
4/10 Fire Factor
2% chance of being in a wildfire in next 30 years
7/10 Heat Factor
7 days above 109° expected this year, 22 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Azle, TX • 76020
Average low and high temperatures (°F)
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 7971 Peden Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently listed between $258,000 and $475,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $258K to $475K.