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Chris Garcia

chris@cgrealtygroup.homes +1(469) 342-4822

$399,999

Est. payment - /mo

4 Beds

4 Baths

6,098 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active Option Contract

Purchase Type For Sale

Subdivision Bellevue Hill Add

MLS Listing ID 21294083

Bedrooms 4

Full Baths 4

HOA Y/N None

Total Fin. Sqft 2640

Year Built 1922

Annual Tax Amount $7,002

Lot Size 6,098 Sqft

Acres 0.14

Property Sub-Type Quadruplex

Property Description

Four Doors. $400,000. Originally Listed at $575,000. The facts, then you decide: The price. This quadplex originally listed at $575,000. It's now $400,000, $100,000 per door in Fort Worth's Bellevue Hill, minutes from the Hospital District and TCU. The why. The owner holds this property from out of state and has priced it for a clean, fast exit. He's not interested in executing the upside. That's the buyer's to keep. The income: from the actual rent roll, available on request. Three units are occupied and paying: two at $975 per month, one at $840 per month. The fourth unit is vacant, rent-ready, and currently listed for lease at $975, lease it day one or use it as your test case. In-place rents total $2,790 per month occupied, $3,765 at full occupancy at current rates. The upside? Priced by a contractor, not a brochure. Cosmetic updates estimated at $12,000–$17,000 per door support stronger market rents; a full-scope renovation quote ($28,000–$34,000 per door) and a perimeter fence estimate ($4,000–$8,000) are also on file. The vacant unit means you can prove your rent number on one door before touching the other three. No tenant displacement. No leap of faith. The structure. Four units, one building, two stories, 2,640 SF, built 1922, central HVAC, laminate flooring, functional kitchens. Off-street parking, fenced front yard. Corner-adjacent lot on Grainger Street in an established rental corridor, walkable to Hemphill, near transit, with the Hospital District and TCU anchoring tenant demand. The diligence file is built. Rent roll, lease dates, contractor estimates, and tax records ready to send same-day to serious buyers. Underwrite it yourself: note Tarrant County's 2.19% rate is based on much lower assessment than sales price. Tenant-occupied: showings by appointment with advance notice. If multiple offers are received, a deadline will be set. Four doors. A hundred grand each. Documents, not promises.

Location

State TX

County Tarrant

Direction Use GPS

Interior

Interior Features Other

Heating Central, Electric

Cooling Central Air, Electric

Flooring Laminate

Appliance Other

Heat Source Central, Electric

Exterior

Utilities Available City Sewer, City Water

Roof Type Composition

Garage No

Building

Story Two

Foundation Slab

Level or Stories Two

Structure Type Siding

Schools

Elementary Schools Daggett

Middle Schools Daggett

High Schools Paschal

School District Fort Worth Isd

Others

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by David Maez • Vivo Realty

Nearby School & Business

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Chris Garcia

+1(469) 342-4822

Agent | License ID: 0696239

Agent License ID: 0696239

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1906 Grainger Street Fort Worth, TX 76110

Chris Garcia

Key Details

Location

Interior

Exterior

Building

Schools

Others