Wow! A fantastic investment opportunity featuring a fully renovated, income-producing duplex situated on an oversized corner lot. The property includes a 2-bedroom, 1-bath unit currently leased at $1,500 a month on a new 2-year term. The second unit is a studio-style efficiency with a projected rental income of $1,050 a… Read More month; this unit is currently vacant by design, allowing the new owner total flexibility. Notably, the efficiency unit qualifies for a $1,260 monthly voucher through Tarrant County Housing (Section 8) based on the zip code. Extensive recent renovations include foundation repairs, a new roof, new LVP flooring, fresh interior and exterior paint, some updated windows, and new doors. Both units feature modern finishes, including new kitchen cabinets, granite countertops, new stainless steel appliances, updated bathrooms, new ceiling fans, and upgraded light fixtures. Climate control is provided by brand-new mini-split AC and heating units throughout. With a recent appraisal value of $280,000, this turnkey property is ready for immediate income generation. Read Less
Courtesy of Timms Realty, LC Timms.
Listing Snapshot
Days Online
2
Last Updated
Property Type
Duplex
Lot Size
0.18 Acres
Year Built
1942
MLS Number
21322037
Additional Details
Appliances & Equipment
ElectricRange, IceMaker, Microwave, Refrigerator
Building
Built in 1942, Construction materials: WoodSiding, Levels: One, 1 building, 1, Toal building area: 1484
Cooling
Other
Expenses
Insurance: $2,100
Fence
ChainLink
Floors
LuxuryVinylPlank
Income
Gross income: $30,600, Net operating income: $27,856
Interior Features
GraniteCounters
Lot
0.184 acres, 8,015 sqft, CornerLot
Parking
1 total parking, OnStreet
Pool
None
Roof
Composition
Sewer
PublicSewer
Utilities
SewerAvailable, WaterAvailable
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