7971 Peden Rd
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.
Listing Information
Facts & Features
Location
Community Information
Architecture
Features & Amenities
Property Features
Square Footage
Tax & Financial Information
Schools
Santo Forte J H
Walnut Creek Elementary
Pre K Center
Liberty Elementary
Azle Hornet Academy
Cross Timbers Elementary
Azle J H South
W E Hoover Elementary
School ratings are provided for informational purposes only and are subject to change. Attendance boundaries are for reference only — contact the school or district directly to verify enrollment eligibility.
Historical Data
Price History
| Date | Event | Price |
|---|---|---|
| 08/21/2026 | Price change | $400,000 |
| 07/15/2026 | Listed for sale | $425,000 |
Listed by Daniel Harker · Keller Williams Realty DPR · 9727326000
Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, North Texas Real Estate Information Systems (NTREIS). All rights reserved.
Last Updated: September 11, 2026 at 4:48 PM | Source: North Texas Real Estate Information Systems (NTREIS) | MLS#: 21324127
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