$500,000
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8 Beds
8 Baths
4,252 SqFt
SOLD DATE : 08/26/2021
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,252 sqft
Price per Sqft $117
Subdivision Oak Grove Add
MLS Listing ID 14630109
Sold Date 08/26/21
Bedrooms 8
Full Baths 8
HOA Y/N None
Total Fin. Sqft 4252
Year Built 1971
Annual Tax Amount $9,811
Lot Size 0.290 Acres
Acres 0.29
Property Description
Seller will be replacing roof so buyer will have a brand new roof. All four units are 2 bedroom-2 bath mixes offering over 1,000 SF of living space with washer-dryer hookups. Rents are as follows for each unit: 700-$920; 702-$950; 704-$995; 706-$875. Property is way under market rents based on comps, with property within 2 miles and only 1.5 baths vs 2 achieving $1,249 in rents. See Transaction Documents for comps. This presents an opportunity for an investor to capture significant upside potential while also owning a a cash flowing property in the Mid-Cities. Property includes covered parking in the back. Owner pays for water and $75 in rent goes toward water. Tenant pays for own electric.
Location
State TX
County Tarrant
Direction Property is located off corner of E Pecan and Bellaire Drive. No parking on E Pecan. Parking is in back behind building in uncovered spots only.
Interior
Interior Features Cable TV Available, High Speed Internet Available
Heating Central, Electric
Cooling Central Air, Electric
Appliance Dishwasher, Disposal, Electric Range, Refrigerator, Vented Exhaust Fan
Heat Source Central, Electric
Exterior
Fence Wood
Utilities Available Asphalt, City Sewer, City Water, Community Mailbox
Roof Type Composition
Parking Type Assigned, Carport
Total Parking Spaces 6
Garage No
Building
Story One
Foundation Slab
Structure Type Brick,Siding,Wood
Schools
Elementary Schools Bellaire
Middle Schools Hurst
High Schools Bell
School District Hurst-Euless-Bedford Isd
Others
Ownership PALOMINO RESIDENTIAL RENTALS L
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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Bought with Ana Cecilia Miranda • VIP Realty
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