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… Read More 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. Read Less
Courtesy of Vivo Realty, David Maez.
Listing Snapshot
Days Online
9
Last Updated
Property Type
Quadruplex
Beds
4
Full Baths
4
Lot Size
0.14 Acres
Year Built
1922
MLS Number
21294083
Additional Details
Building
Built in 1922, Levels: Two, 1 building, 2, Toal building area: 2640
Cooling
CentralAir, Electric
Expenses
Insurance: $1
Floors
Laminate
Heating
Central, Electric
Income
Gross income: $1, Net operating income: $1
Lot
0.14 acres, 6,098 sqft
Parking
4 total parkings, AdditionalParking, Common
Pool
None
Roof
Composition
Sewer
PublicSewer
Utilities
SewerAvailable, WaterAvailable
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