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4910 Lovell Avenue

Fort Worth, TX 76107
  • $425,000
  • STATUS: Active
  • ID#: 20603912
$425,000
  • 6
    BEDS
  • 0.3
    ACRES
  • 5
    BATHS
  • 1
    1/2 BATHS
Type:
Multi-Family
Built:
1978
County:
Area:

School Information

Elementary School:
High School:
School District:
Offered by Matt Solis of Epique Realty LLC: 512-387-0722.

Description

Don't miss your chance to add this cash-flowing asset to your portfolio!! Located just 10 minutes from TCU, this duplex offers a unique opportunity to rent out a back apartment ADU to maximize rental income! The left side of the duplex is a large, two-story, 3-bedroom, 2.5-bath unit currently renting for $1,900 per month, with market rents supporting $2,000 as-is. The right side is a one-story, 2-bedroom, 2-bath unit currently renting for $1,250 per month, with market rents supporting $1,300 as-is. The back apartment needs a complete renovation, but once completed, market rents support $700 per month. With a total income potential of $4,000 per month and the main house not requiring any work, this property is an excellent buy and hold opportunity for an investor or house hacker. Schedule a showing today!

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© 2024 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Armstrong Properties. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Armstrong Properties are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-05-28T23:41:18.027.
www.armstrongpropertiestx.com/homes/150100911
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4910 Lovell Avenue Fort Worth, TX 76107

  • Price: $425,000
  • Status: Active
  • On Site: Days
  • ID#: 20603912
6
Beds
5
Baths
1
½ Baths
0.3
Acres
1978
Built
Neighborhood:
Chamberlain Arlington Heights 1st
County:
Tarrant
Area:
Fort Worth
Elementary School:
Southhimou
High School:
Arlngtnhts
School District:
FORT WORTH ISD
Property Description
Don't miss your chance to add this cash-flowing asset to your portfolio!! Located just 10 minutes from TCU, this duplex offers a unique opportunity to rent out a back apartment ADU to maximize rental income! The left side of the duplex is a large, two-story, 3-bedroom, 2.5-bath unit currently renting for $1,900 per month, with market rents supporting $2,000 as-is. The right side is a one-story, 2-bedroom, 2-bath unit currently renting for $1,250 per month, with market rents supporting $1,300 as-is. The back apartment needs a complete renovation, but once completed, market rents support $700 per month. With a total income potential of $4,000 per month and the main house not requiring any work, this property is an excellent buy and hold opportunity for an investor or house hacker. Schedule a showing today!
Exterior Features

Construction Rock/Stone Foundation Slab Parking Or Garage Driveway Parking Spaces 4 Pool On Property No Roof Shingle Waterfront YN No

Interior Features

Appliances DishwasherElectric Cooktop Cooling Central Air Flooring CarpetLuxury Vinyl PlankTile Handicap YN No Heating Central Interior Features Other

Property Features

Accessory Unit Type Accessory Dwelling Unit (ADU) Accessory Unit YN Yes Building Area Source Public Records Building Area Total 2970.00 Complex Name N/A Construction Status Preowned Gross Annual Expenses 3000.00 Gross Annual Income 48000.00 HOA None Insurance Expense 1851 Levels Two List MLSProvider Metrotex Association Of Realtors Listing Terms CashConventional Municipal Utility District No Net Operation Income 34420 Possession Closing/Funding Property Type Duplex Unexempt Taxes 7580 Utilities City SewerCity Water Will Subdivide No

North Texas Real Estate Information Systems MLS logo Listing information © 2024 North Texas Real Estate Information System.


© 2024 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Armstrong Properties. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Armstrong Properties are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-05-28T23:41:18.027.
 
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Armstrong Properties
115 West Buck
Caldwell TX, 77836
Offered by Matt Solis of Epique Realty LLC: 512-387-0722.