$450,000
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6 Beds
5.5 Baths
4,579 SqFt
SOLD DATE : 03/10/2021
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 4,579 sqft
Price per Sqft $98
Subdivision South Hemphill Heights Add
MLS Listing ID 14517028
Sold Date 03/10/21
Bedrooms 6
Full Baths 5
Half Baths 1
HOA Y/N None
Total Fin. Sqft 4579
Year Built 1920
Annual Tax Amount $2,743
Lot Size 7,492 Sqft
Acres 0.172
Property Description
Great opportunity for investors to renovate this charming brick 5-plex! New roof, new siding, new ducting, new framing, several new windows, plus some electrical and plumbing work have been completed. Zoned commercial in a Fort Worth Neighborhood Empowerment Zone (NEZ). After the buyer obtains the NEZ status, they may qualify for municipal tax abatements and numerous city fee waivers. Details in supplements. The current architectural plans provide for 1 two-bedroom and 4 one-bedroom units for a total of 6 bedrooms, 5.5 baths. After work is completed, the 5 units are estimated to rent for a total of $5400 monthly. Plenty of room behind the property for parking. Close to TCU as well!
Location
State TX
County Tarrant
Direction From W Berry Street, go north on Hemphill St. Property is on the left side before you reach E Morningside Drive.
Interior
Interior Features Other
Heating Central, Electric
Cooling Central Air, Electric
Flooring Other
Appliance None
Heat Source Central, Electric
Exterior
Exterior Feature Balcony, Covered Patio/Porch
Utilities Available City Sewer, City Water, Concrete, Curbs
Roof Type Composition
Parking Type On Street, Unassigned
Total Parking Spaces 6
Garage No
Building
Story Two
Foundation Pillar/Post/Pier
Structure Type Brick,Concrete
Schools
Elementary Schools De Zavala
Middle Schools Daggett
High Schools Paschal
School District Fort Worth Isd
Others
Ownership Polo Investment LLC
Financing Cash
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Bought with Jake Akins • New Western Acquisitions
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