Water Views - Seller Financing
8601 Highway 199 Highway Lakeside, TX
$ 2,500,000
Property Attributes
  • MLS#14437376
  • TypeMulti-Family
  • CountyTARRANT
  • CityLakeside
  • NeighborhoodJ Wilcox Surv Abs 1716
  • Zip76135
  • StyleMUL-Apartment/5Plex+
  • Year Built1963
  • Taxes$ 27000
  • Price$ 2,500,000
  • Bedrooms9
  • Full Bathrooms10
  • Half Bathrooms0
  • Sqr Footage10200
  • Lot Size5.6 Acres
Listing Provided Courtesy Of:
Kristopher Franks with Franks Realty International
Data Source:
Property Description

Calling All Value Add Investors! Priced to Sell! What an opportunity to own and manage a beautiful piece of property situated right off of Hwy 199 with around 400 feet of highway frontage!Minutes to Fort Worth! Get Ready, this property includes NINE INCOME PRODUCING FULLY LEASED residential units, 32 mini storage units 60% occupied, a 4000 square foot warehouse (vacant), and Fort Worth's former iconic Vance Godbey's restaurant with over 12000 square feet of dining,banquet rooms and tremendous commercial kitchens(now leasing). Around 2.5 acres of 199 frontage comprising large paved lot and beautiful landscaping. Soaring pole sign included. Pro-Forma annual income is close to 300K. Partial Owner Finance Possible!

Elementary School Middle School High School
Eagleheigh Elementary School Azle Middle School Azle High School
Price History
9/19/2020 Listed $2,500,000

General Features

# of Buildings 4
Complex Name Godbey Villas
Construction Materials Block, Brick, Concrete, Frame/Brick Trim, Glass, Metal, Rock/Stone, Steel, Wood
Flooring Brick/Adobe, Ceramic Tile, Concrete, Laminate, Other, Vinyl, Wood
HOA Type None
Heating Additional Water Heater(s), Central Air-Elec, Central Heat-Gas
Interior Features Cable TV Available, Decorative Lighting, High Speed Internet Available, Wainscoting, Window Coverings
Other Equipment Cooktop - Electric, Dishwasher, Oven-Electric, Range/Oven-Electric
Property Type Multi-Family
Proposed Financing Cash, Conventional, Owner Carry First, Owner Carry Second
School District Azle ISD
School Name Eagleheigh
School Name Azle
Stories 3
Subdivision J Wilcox Surv Abs 1716
Tenancy Month to Month, Over 9 Months, Pet Restrictions
Type MUL-Apartment/5Plex+
Utilities Master Gas Meter, Overhead Utilities, Private Sewer, Private Water, Septic, Well
Virtual Tour Url Unbranded https://www.propertypanorama.com/instaview/ntreis/14437376
Year Built 1963
Year Built Details Preowned

Interior Features

# of Units 9
Fireplace Stone, Wood Burning
Fireplaces Total 1
Occupancy Rate 100
Sqft Building 10200
Total Bedrooms 9
Unit Count 9

Exterior Features

Exterior Balcony, Covered Porch(es), Deck, Storage Building
Foundation Pier & Beam, Slab
Lake Name Eagle Mountain
Lot Description Acreage, Adjacent to Greenbelt, Landscaped, Lrg. Backyard Grass, Some Trees, Water/Lake View
Lot Size Area 5.600
Lot Size Area 5.600
Lot Size Area (acres) 5.600
Lot Size Area (sq Ft) 243936
Lot Size Units Acres
Number Of Parking Spaces 50
Parking Features Garage-Assigned, Garage-Attached, Common Lot, Garage


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 76135

AVG $2.25M
AVG $27,000
AVG 569
Year Built
AVG 1958

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