This is a rare opportunity to acquire 8 single family rentals in a strong, centrally located DFW metroplex neighborhood. These properties are located within a mile of each other for easy property management. All homes are currently fully leased & cash flowing. These rentals are being marketed and sold as a package. Annual Income is based on Pro forma, expenses are based on actual data. POF & EXECUTED CONTRACT NEEDED BEFORE SHOWING PROPERTIES. DO NOT DISTURB THE CURRENT TENANTS. Properties included in this assemblage are: 4124 Morgan Circle, 4121 Vance Road, 4413 Vance Road, 4518 Vance Road, 4306 Stevens Street (All NRH, 76180) and 7217 Briley Drive, 7301 Winnell Way, 6765 Tabor Street ( All FTW, 76180)
- Price:
- $2,150,000
- Bedrooms:
- 24
- Full Baths:
- 11
- Acreage:
- 0.36
- Year Built:
- 1955
- Listing ID #:
- 20148068
- Street Address:
- 4124 Morgan Cir
- City:
- North Richland Hills
- State:
- Texas
- Postal Code:
- 76180
- County:
- Tarrant
- Subdivision:
- Hillview Add
- Listing Status:
- Active
- Listing Type:
- Multi Family
School District: Birdville Isd
PRESCHOOL-5
400 students
15 student/teacher
9-12
2060 students
17 student/teacher
- Building Security:
- Smoke Detector(s)
- Construction Description:
- Brick
- Flooring:
- Carpet, Hardwood
- Foundation:
- Pillar/Post/Pier, Slab
- Number Of Units:
- 8
- Number Of Units:
- 8
- Stories:
- One
- Total # Of Buildings:
- 8
- Type Of Roof:
- Composition
- Year Built:
- 1955
- Year Built Description:
- Preowned
- Annual Insurance Expenses:
- 8760
- Capitalization Rate:
- 6.88
- Gross Expenses:
- 45634.00
- Gross Income:
- 193655.00
- Approximate Lot Size Range Source:
- Public Records
- Lot Features:
- Few Trees, Subdivision
- Lot Size:
- Less Than .5 Acre (not Zero)
- Lot Square Footage:
- 15855.8400
- Previous Listing Price:
- 2300000.00
- Terms:
- Cash, Conventional
- Covered Parking Spaces:
- 1
- Garage Capacity:
- 1
- Has Attached Garage:
- 1
- Has Garage:
- 1
- Parking Description:
- Carport, Garage
- Parking Spaces:
- 13
- Appliances:
- Built-In Gas Range, Dishwasher, Gas Water Heater
- Cooling System:
- Central Air
- Heating Fuel:
- Central
- Utilities:
- City Sewer, City Water, Curbs, Electricity Connected
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By: Richard Farrelly 817-924-4144 with Coldwell Banker Realty
-
Our online database includes ALL Dallas-Fort Worth area properties listed with the North Texas MLS. Property data is courtesy of the North Texas Real Estate Information Systems (NTREIS) multiple listing service.
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