Price Reduction
Address
7504 Chapin Road, Fort Worth, TX
Price
$ 610,000
Property Attributes
  • MLS#20526034
  • TypeMulti-Family
  • CountyTARRANT
  • CityFort Worth
  • NeighborhoodHighland Homes Add
  • Zip76116
  • StyleQuadruplex
  • Year Built1984
  • Taxes$ 8998
  • Price$ 610,000
  • Bedrooms6
  • Full Bathrooms4
  • Half Bathrooms4
  • Lot Size0.0987 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description

BOM buyer finances fell through. No inspection done with last buyer. Multi-family four-plex located in Highland Homes perfect for an investor looking to house hack. Two units have been completely updated with neutral paint, fixtures, carpet and flooring throughout and much more. Upgrade list is available upon request. Kitchens has been updated with granite in 1 unit, stainless sink and new appliances within the last 2 years. Bathrooms have been updated with granite in 1 unit, fixtures and hardware. 3 units are occupied. Two HVAC's have been replaced in the last 3 years. Landlord pays - Dumpster $100 monthly, Water $150 approx, Lawncare provided by tenant $50 month credit. Room to increase rent on 1 unit, lease agreements renew Sept 24', Unit has not been updated at all.

Elementary School
Luellamerr Elementary School
Price History
2/5/2024 Listed $645,000
2/19/2024 2% - $635,000
3/21/2024 2% - $625,000
4/17/2024 2% - $615,000
4/27/2024 1% - $610,000

General Features

Heating Central,Electric,Gas Jets
Complex Name Chapin Rd Townhomes
Cooling Ceiling Fan(s),Central Air,Electric
Utilities City Sewer,City Water
Possession Closing/Funding
Roof Composition
Appliances Dishwasher,Disposal,Electric Cooktop,Electric Oven,Microwave,Refrigerator
School District Fort Worth ISD
Capitalization Rate 7.33
Year Built 1984
Tenancy 9 Months or Less,No Smoking,No Sublease,No Waterbeds,Over 9 Months,Pets Allowed
Levels Two
Unexempt Taxes 8998
Will Subdivide No
Gross Annual Expenses 10000.00
Property SubType Quadruplex
Subdivision Name Highland Homes Add
Insurance Expense 3300
County Tarrant
Operating Expense Includes Insurance,Maintenance Grounds,Manager,Trash,Water/Sewer
Property Type Residential Income
Construction Materials Brick,Siding
Year Built Details Preowned
HOA Type None
# of Buildings 1
Status Active
Directions Keep left to stay on I-30 W,Take exit 7B for TX-183 towards TX-341,Take TX-183 S Alta Mere Dr to Chapin turn right
City Fort Worth
Buyer Agent Compensation 2.5
Elementary School Name Luellamerr
High School Westn Hill
Street Name Chapin
Elementary School Luellamerr
Virtual Tour URL Unbranded https://www.propertypanorama.com/instaview/ntreis/20526034
Standard Status Active
Buyer Agent Compensation Type %

Interior Features

Interior Features Cable TV Available,Decorative Lighting
Flooring Carpet,Ceramic Tile,Vinyl
Total Units 4
Unit Count 4
Full Baths 4
Half Baths 4
Lock Box Type Combo
Street Suffix Road
Total Bedrooms 6

Exterior Features

Exterior Features Covered Patio/Porch
Lot Features Few Trees,Interior Lot,Subdivision
Fencing Wood
Parking Features Assigned,Carport
Foundation Slab
Lot Size Area 4298.0000
Number Of Parking Spaces 8
Lot Size Units Square Feet
Building Area Total 4298.00
Lot Size Square Feet 4298.0000
Lot Size Acres 0.0987
Patio And Porch Features Covered

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 Multi-Family Average in 76116

Price
AVG $610K
$610K
Taxes
AVG $9,364
$8,998
Visits
AVG 125
145
Data Provided by Inside Real Estate®
Year Built
AVG 1974
1984

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