7500 Chapin Road new Save Request In-Person Tour Request Virtual Tour
Fort Worth,TX 76116
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Highland Homes Add
MLS Listing ID 21061223
Bedrooms 8
Full Baths 4
Half Baths 4
HOA Y/N None
Total Fin. Sqft 4298
Year Built 1984
Annual Tax Amount $9,717
Lot Size 0.284 Acres
Acres 0.284
Property Sub-Type Quadruplex
Property Description
Prime Investment Opportunity in growing area of Ft Worth! Discover an exceptional income-producing property featuring four spacious 2-bedroom, 1.5-bathroom townhome-style units, each offering 1,075 square feet of comfortable living space across two stories. Spacious living areas with a charming fireplace. Each unit has a private fence backyard courtyard with access to the carport parking spaces. Additional uncovered spots for guests. Several units have been updated over the last 7 years to include updated kitchens with granite counter tops, storage cabinets, and subway tile backsplash. Bathroom updates include new toilets, granite vanity tops, paint, and flooring. Further udpates include laminate flooring, new paint, newer fixtures, appliances, and more. No carpet! Convenient guest half bathroom downstairs, with washer dryer hookups in each unit. Strategically positioned just off Camp Bowie with access to major employers including Lockheed Martin and the Joint Reserve Base, plus convenient shopping, dining, and a quick commute to downtown Fort Worth. Unit A and B with current tenants at $1200mo. Unit D is leased with move in date of 10.1 at $1295. Unit C being made ready and will be available to show! Showings may take place on Unit D through appointment on showingtime until 9.30, then unit C can be shown, with all units available to show with an accepted offer. Photos are of unit D, with unit C identical in updates. Unit B is also updated. Unit A has a long term tenant with no updates under current ownership. Tenants pay own electric bills, bill back of $80 per unit for water and trash. New water heater Unit B - 09.10.2021, New Refrigerator Unit C - 09.20.2021, New AC Duct Unit D - 06.24.2022, All new fencing in July 2022, Roof 2017 or 2018.
Location
State TX
County Tarrant
Direction From 377 traffic circle, take chapin road. 1st 4plex on the corner of chapin and ramona.
Interior
Interior Features Built-in Features,Granite Counters
Heating Central,Electric
Cooling Ceiling Fan(s),Central Air,Electric
Flooring Laminate
Fireplaces Number 1
Fireplaces Type Brick
Appliance Dishwasher,Disposal,Electric Range,Refrigerator,Vented Exhaust Fan
Heat Source Central,Electric
Exterior
Exterior Feature Courtyard,Private Yard
Carport Spaces 6
Fence Fenced,Wood
Utilities Available City Sewer,City Water,Individual Water Meter
Roof Type Composition,Shingle
Total Parking Spaces 6
Garage No
Building
Story Two
Foundation Slab
Level or Stories Two
Structure Type Brick
Schools
Elementary Schools Waverlypar
Middle Schools Leonard
High Schools Westn Hill
School District Fort Worth Isd
Others
Ownership See Tax Record
Acceptable Financing 1031 Exchange,Cash,Conventional,VA Loan
Listing Terms 1031 Exchange,Cash,Conventional,VA Loan
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21061223