2824 Frazier Avenue, Fort Worth, Texas 76110

$345,000
3
BD
1,550
SqFt
List Price
$345,000
Price Change
▼ $30,000 1717551110
MLS#
20573782
Status
ACTIVE
Type
Multifamily
Year Built
1940
Construction Status
Preowned
Bedrooms
3
Full Baths
2
Acres
0.14
Living Area
1,550
County
Tarrant
City
Fort Worth
Subdivision
Frisco Heights Add
Building Name
n/a

Property Description

Desirable investment duplex near TCU campus. The front unit features 2 bedrooms, 1 bathroom, and a fully updated kitchen with granite countertops and new appliances. The back unit is a convenient studio with 1 bedroom, 1 bathroom, and similar kitchen amenities. The front unit boasts original hardwood flooring for easy maintenance and cost-effective tenant turnovers. Includes washer and dryer in each unit. Benefit from a strong rental history, with both units consistently occupied by college students or employees. Opportunity to increase revenue by adjusting rents. The current lease is valid until July 7, 2024. The property includes a detached garage, perfect for additional storage or rentable for extra income. It is Ideal for investors seeking a stable, income-producing property in a prime location with highly valuable land, with lots of buildings in the area being torn down and rebuilt.

Additional Information

Unexempt Taxes
$5,788
HOA
No HOA
Annual Insurance
2000
Total Annual Expenses
Gardener, Maintenance, Pest Control, Professional Management, Utilities, Other
Gross Annual Expenses
5302
Gross Annual Income
31710
Lot Size
6,272
Acres
0.14
Subdivided
No
Interior Features
Other
Flooring
Hardwood
Foundation
Pillar/Post/Pier
Roof
Composition, Shingle
Stories
1
Street Utilities
City Sewer, City Water
Heating Cooling
Central
Construction Material
Frame
Parking Garage
Driveway, Gravel
Total Num Parking
3
School District
Fort Worth Isd
Elementary School
Clayton Li
Middle School
Mclean
High School
Paschal
Possession
Closing/Funding
Building Sq. Ft.
1550
Number of bldgs.
1
Number of units
2
Possession
Closing/Funding
Cap Rate
7.65

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 Anderson Schulle from Green Light Property Mngmnt. Contact: 817-200-7982