Investment Opportunity – Tenant Occupied on 5.04 Acres in the High-Growth FM 1385 Corridor.This property is being offered as an investment purchase only and is currently tenant occupied with monthly rental income of $3,850. The buyer must assume the existing lease, which has approximately 2 years remaining.Situated on 5.04 acres, this stunning two-story home offers immediate cash flow along with exceptional long-term appreciation potential in one of North Texas' fastest-growing corridors.The home features vaulted ceilings, an open-concept floor plan, abundant natural light, 4 bedrooms, 2 bathrooms, a spacious game room or second living area, media room, workout room, additional office or flex space, and a grand primary suite with a large walk-in closet and direct access to the backyard terrace. A covered back porch provides the perfect setting for outdoor entertaining while enjoying expansive acreage views.Investment Highlights.±5.04 acres with direct frontage along the rapidly expanding FM 1385 corridorCurrent rental income of $3,850 per monthExisting tenant and lease in place for immediate cash flowProfessional property management currently in placeStrong holding income while benefiting from future growth and developmentLocated in the path of major residential and commercial expansion.Area Growth & DevelopmentTxDOT-funded FM 1385 expansion underway, widening from 2 lanes to a 4-lane divided roadway with future 6-lane capacityApproximately 1–2 miles from H-E-B's planned 95-acre development at FM 1385 & Mustang RoadNear the Dallas North Tollway Extension (Phase 4A currently under construction with expected completion in Fall 2027)Positioned within the rapidly growing Pilot Point Celina growth corridor.This property offers a rare combination of immediate rental income, acreage ownership, and long-term development potential in one of the most active growth corridors in North Texas.
Listed By
Agency Name: Sun Star Realty
Agency Contact: 862-485-3949
Agent Name: Sesha Gorantla
Shown By
Agent Name: Karen Schaeper
Agent Phone: (254) 723-0902
Agency Title: Kelly, Realtors
Estimated Payment
$ 3,269.89 per month $2,891.01 Principal & Interest $0.00 Property Tax (data not provided by mls) $378.88 Homeowner's Insurance
10720 Fm 1385 | MLS# 21303695
This single family home located at 10720 Fm 1385, Pilot Point, TX 76258 is currently listed for sale with an asking price of $1,299,000. This property was built in 2016 and has 4 bedrooms and 2 full baths with 3488 sq. ft. Fm 1385 is located in the Aubrey Ranch Estates subdivision within the Pilot Point ISD school district. Search Aubrey Ranch Estates real estate on karenschaeper.kellyrealtors.com today.