UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Shadydell
MLS Listing ID 21006474
Bedrooms 64
HOA Y/N None
Total Fin. Sqft 34560
Year Built 1985
Lot Size 2.850 Acres
Acres 2.85
Property Sub-Type Quadruplex
Property Description
Offering package sale of 8 Fourplexes townhomes (32 Units) , 2 stories Built year 1985 and Renovated 25 units in 2022,2023 and 5 units can be improved to fetch higher rent to increase value. This will be a good strategy value-add multifamily for the positive cash-flow. The current average effective rent $1300, whereas the average market rent is $1500.
Most of occupied tenants are on annual lease and it will be a great opportunity to increase rent to generate more income during the lease renewals to improve the cashflow.
Great brick fourplex with 95% occupancy. Nice floorplans with wood burning fireplaces, private fenced patios, covered parking and storage spaces. All kitchen appliances included. Rentable Sqft 34560 Sqft, Total Land 2.85 Acres, Configuration 2 Bed and 1 ½ Bath.
DO NOT DISTURB TENANTS! *Showings is not allowed until the offer is executed and the proof of funds are submitted*
Location
State TX
County Tarrant
Direction PLEASE FOLLOW GPS
Interior
Interior Features Walk-In Closet(s)
Heating Electric
Cooling Electric
Flooring Carpet, Ceramic Tile, Laminate
Fireplaces Type Living Room
Appliance Dishwasher, Electric Range, Microwave, Refrigerator
Heat Source Electric
Exterior
Utilities Available City Sewer, City Water
Roof Type Asphalt
Garage No
Building
Story Two
Foundation Other
Level or Stories Two
Structure Type Brick,Siding
Schools
Elementary Schools Greenfield
Middle Schools Ed Willkie
High Schools Chisholm Trail
School District Eagle Mt-Saginaw Isd
Others
Ownership See Tax Records
Acceptable Financing 1031 Exchange, Cash, Contact Agent, Conventional
Listing Terms 1031 Exchange, Cash, Contact Agent, Conventional
