Address
5941 Shadydell Drive, Fort Worth, TX
Price
$ 7,260,000
Property Attributes
  • MLS#20465403
  • TypePending
  • CountyTARRANT
  • CityFort Worth
  • NeighborhoodShadydell
  • Zip76135
  • StyleQuadruplex
  • Price$ 7,260,000
  • Bedrooms88
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size3.21 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description

Offering package sale of 11 Fourplexes townhomes (44 Units) , 2 stories Built year 1985 and Renovated 28 units in 2021,2022,2023 and 16 units can be improved to fetch higher rent to increase value. This will be a good Strategy Value-Add multifamily for the positive cash-flow. The current average effective rent $1250, whereas the average market rent is $1350. All occupied tenants are on annual lease and it will be a great opportunity to increase rent to generate more income during the lease renewals to improve the cashflow. Great brick fourplex with 90% occupancy. Nice floorplans with wood burning fireplaces, private fenced patios, covered parking and storage spaces. All kitchen appliances included. Rentable Sqft 48142 Sqft, Total Land 3.21 Acres, Configuration 2 Bed and 1 Ā½ Bath. **Seller is willing to break the parcel into minimum 5 fourplexes**

Elementary School
Greenfield Elementary School
Price History
10/29/2023 Listed $7,700,000
11/13/2023 3% - $7,480,000
12/8/2023 3% - $7,260,000

General Features

Heating Electric
Complex Name SHADYDELL TOWNHOMES
Cooling Electric
Utilities City Sewer,City Water
Possession Closing/Funding
Roof Asphalt
Appliances Dishwasher,Electric Range,Microwave,Refrigerator
School District Eagle MT-Saginaw ISD
Capitalization Rate 6.70
Exclusions TENANTS BELONGINGS
Year Built 1985
Levels Two
Will Subdivide No
Gross Annual Expenses 227754.00
Property SubType Quadruplex
Subdivision Name SHADYDELL
Insurance Expense 30975
Occupant Type Tenant
County Tarrant
Operating Expense Includes Insurance,Maintenance,Professional Management
Property Type Residential Income
Construction Materials Brick,Siding
Year Built Details Preowned
HOA Type None
# of Buildings 44
Status Pending
Directions PLEASE FOLLOW GPS
City Fort Worth
Buyer Agent Compensation 2%
Elementary School Name Greenfield
High School Chisholm Trail
Street Name SHADYDELL
Elementary School Greenfield
Virtual Tour URL Unbranded https://www.propertypanorama.com/instaview/ntreis/20465403
Standard Status Pending
Buyer Agent Compensation Type %

Interior Features

Interior Features Walk-In Closet(s)
Flooring Carpet,Ceramic Tile,Laminate
Occupancy Rate 90
Fireplace Features Living Room
Total Units 44
Unit Count 1
Lock Box Type None
Street Suffix Drive
Total Bedrooms 88

Exterior Features

Parking Features Carport
Foundation Other
Lot Size Area 3.2100
Number Of Parking Spaces 88
Lot Size Units Acres
Building Area Total 48142.00
Lot Size Square Feet 139827.6000
Lot Size Acres 3.2100

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 76135

Price
AVG $780K
$7.26M
Visits
AVG 195
22
Data Provided by Inside Real Estate®
Year Built
AVG 1989
1985

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