1501 S Adams Street, Fort Worth, Texas 76104

$250,000
5
BD
List Price
$250,000
MLS#
14029115
Status
ACTIVE
Type
Multifamily
Year Built
1923
Construction Status
Preowned
Bedrooms
5
Full Baths
4
Acres
0.11
County
Tarrant
Area
FW-CENTRAL WEST & SOUTHWEST(TCU) (107)
City
Fort Worth
Subdivision
Loyds Add

Property Description

Fairmount Historic District! Income producing fourplex. CAP rate of over 10%. Located in booming area near downtown, Magnolia street and hospital district. Three are 1 bedroom, 1 Bath and one 2 bedroom 1 bath. Property is currently 75% occupied. There is a shared foyer for Units A, C, D. UNIT A is on the 1st floor and is an efficiency. Interior stairs lead to UNITS C, D which are both 1 bed, 1 bath. UNIT B access is at the rear of and leads to a 2 bed 1 bath. All bills paid by landlord. Drive by but DO NOT disturb tenants!

Additional Information

Unexempt Taxes
$1,928
HOA
No HOA
Annual Insurance
1200
Gross Annual Expenses
6000
Gross Annual Income
32250
Lot Size
5,009
Acres
0.11
Lot Description
Corner, Some Trees, Subdivision
Subdivided
No
Interior Features
Cable TV Available, High Speed Internet Available, Window Coverings
Flooring
Ceramic Tile, Vinyl, Wood
Foundation
Pier & Beam
Roof
Composition
Stories
2
Street Utilities
Asphalt, City Sewer, City Water
Heating Cooling
Panel/Floor/Wall, Space Heater, Window Unit
Construction Material
Wood
Parking Garage
Rear, Uncovered
Total Num Parking
4
School District
Fort Worth Isd
Elementary School
De Zavala
Middle School
Daggett
High School
Paschal
Building Sq. Ft.
2472
Number of bldgs.
1
Number of units
4
Tenancy
Government Subsidized, Over 9 Months
Possession
Closing/Funding
Cap Rate
10.02

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Fathom Realty.