1501 W Morphy presents an attractive multifamily investment opportunity, combining 100% occupancy, stabilized cash flow, and a prime urban infill location in Fort Worth's highly sought-after Fairmount neighborhood. Located just one block from Magnolia Avenue, this income-producing fourplex features a well-balanced unit mix consisting of three 2-bedroom, 1-bathroom units and… Read More one 3-bedroom, 1-bathroom unit. Significant capital improvements include a roof replacement in 2014, along with plumbing, HVAC, and electrical upgrades completed in 2016. Residents benefit from walkable access to Magnolia Avenue's popular dining and entertainment destinations, including Salsa Limón, Maggie's R&R, Melt Ice Cream, and numerous other neighborhood amenities. With established in-place rental income, historical capital improvements, and proximity to Fort Worth's Medical District and Near Southside, 1501 W Morphy offers investors the opportunity to acquire a stabilized multifamily asset in an established urban infill location. Capitalize on this opportunity to add a fully occupied, income-producing asset to your investment portfolio. Contact the listing broker for additional financial information, property details, and to discuss this investment opportunity. Read Less
Courtesy of League Real Estate Ross Utley 817-523-9113.
Data source: NTREIS
Listing Snapshot
Days Online
2
Last Updated
Property Type
Quadruplex
Beds
9
Full Baths
4
Square Ft.
4,552
Lot Size
0.11 Acres
Year Built
1926
MLS Number
21428349
Additional Details
Building
Built in 1926, Year Built Details: Preowned, 1 building, Levels: Two, Construction Materials: Brick
Expenses
Insurance: $3,580
Income
Gross Income: $59,095, Net Operating Income: $26,113
Lot
0.115 acres
Parking
3 total parking spaces, Driveway, OnStreet
Pool
None
Property
Resale
Roof
Composition
Sewer
PublicSewer
Taxes
Additional parcels description:, Parcel Number: 01835874, Annual Amount: $11,011, Tax Block: E, Legal Description: MC ANULTY & NYE SUBDIVISION BLOCK E LOT 27 & 28, Lot: 27
Utilities
SewerAvailable, WaterAvailable, Water Source: Public
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