Just steps from the lake and a scenic park in sought-after Azle ISD, this unique two-story property offers rare versatility, charm, and income potential—all tucked behind a wrought-iron gate on an oversized lot with room to expand. Set on a generous parcel with a gazebo for evening gatherings, a long paved driveway with ample parking, and enough space to build an additional home at the front of the lot, this residence includes two fully updated living spaces—ideal for multigenerational living, rental income, or guest accommodations. The lower-level unit is a thoughtfully renovated 2-bedroom, 2-bath home featuring hardwood and tile floors, a spacious living area, and an inviting dining space. The fully updated kitchen showcases quartz countertops, shaker cabinets, stainless steel appliances (fridge and microwave included), and a modern tile backsplash. The primary suite boasts a stylish barn door, walk-in closet, and a remodeled bathroom with granite countertops and a frameless glass shower. The guest bedroom features built-in shelving and its own beautifully updated bath. Upstairs, you’ll find a second 2-bedroom, 1-bath unit with a fresh open layout, luxury vinyl plank flooring, and another fully remodeled kitchen complete with quartz counters, shaker cabinetry, and stainless steel appliances. The bathroom mirrors the sleek style of the lower unit with tiled shower and frameless glass. Both units enjoy efficient mini-split systems, a tankless water heater, and access to a shared laundry area with exterior entrance. A storage shed adds extra functionality. Whether you're an investor, a homeowner looking to offset your mortgage with rental income, or someone searching for flexible living options, this move-in-ready gem offers the perfect combination of location, layout, and opportunity.