0 Keller RdMineral Wells, TX 76067

Property Details for 0 Keller Rd

Year built

2024

Lot size

32.41 AC

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional 8-unit multifamily investment opportunity, situated on a sprawling 32.41-acre lot in Mineral Wells, Texas (76067), presents a compelling proposition for discerning investors. The property, built in 2024, comprises four 1400 sq ft and four 1600 sq ft duplex units, totaling 12,000 net rentable square feet. Each unit boasts a desirable open-concept design, featuring three bedrooms, two bathrooms, a kitchen with granite countertops, and a stove and microwave. Polished concrete flooring runs throughout. Additional amenities include a two-car carport, a small outdoor kitchen, and a fenced area for pets. The property is zoned residential and sits on sandy loam soil. Further enhancing its appeal are four additional pad sites, allowing for future expansion. On-site horse stalls and an arena are available for rent, generating additional income streams. The asking price for this owner-user investment is $2,300,000. This turnkey operation offers immediate income generation and significant potential for growth. The property is currently owned by Nedlaw Rentals, LLC and is being offered for sale by owner.

Location Insight

City

Mineral Wells

County

Palo Pinto

State

Texas

Latitude

32.7835

Longitude

-98.1631

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