Price Reduction
Address
2824 Frazier Avenue, Fort Worth, TX
Price
$ 375,000
Property Attributes
- MLS#20573782
- TypeMulti-Family
- CountyTARRANT
- CityFort Worth
- NeighborhoodFrisco Heights Add
- Zip76110
- StyleDuplex
- Year Built1940
- Taxes$ 5788
- Price$ 375,000
- Bedrooms3
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage1550
- Lot Size6,273 SqFt
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description
Desirable investment duplex near TCU campus. The front unit features 2 bedrooms, 1 bathroom, and a fully updated kitchen with granite countertops and new appliances. The back unit is a convenient studio with 1 bedroom, 1 bathroom, and similar kitchen amenities. The front unit boasts original hardwood flooring for easy maintenance and cost-effective tenant turnovers. Includes washer and dryer in each unit. Benefit from a strong rental history, with both units consistently occupied by college students or employees. Opportunity to increase revenue by adjusting rents. The current lease is valid until July 7, 2024. The property includes a detached garage, perfect for additional storage or rentable for extra income. It is Ideal for investors seeking a stable, income-producing property in a prime location with highly valuable land, with lots of buildings in the area being torn down and rebuilt.
| Elementary School |
|---|
| Clayton Li Elementary School |
| Price History | |
|---|---|
| 3/29/2024 | Listed $429,000 |
| 4/19/2024 | 3% - $419,000 |
| 5/2/2024 | 7% - $390,000 |
| 5/16/2024 | 4% - $375,000 |
General Features
| Heating | Central |
|---|---|
| Complex Name | n/a |
| Cooling | Ceiling Fan(s),Central Air,Wall Unit(s) |
| Utilities | City Sewer,City Water |
| Possession | Closing/Funding |
| Roof | Composition,Shingle |
| Appliances | Dishwasher,Dryer,Gas Range,Refrigerator,Washer |
| School District | Fort Worth ISD |
| Capitalization Rate | 7.04 |
| Year Built | 1940 |
| Levels | One |
| Unexempt Taxes | 5788 |
| Will Subdivide | No |
| Gross Annual Expenses | 5302.94 |
| Property SubType | Duplex |
| Subdivision Name | Frisco Heights Add |
| Insurance Expense | 2000 |
| Occupant Type | Tenant |
| County | Tarrant |
| Operating Expense Includes | Gardener,Maintenance,Pest Control,Professional Management,Utilities,Other |
| Property Type | Residential Income |
| Construction Materials | Frame |
| Year Built Details | Preowned |
| HOA Type | None |
| # of Buildings | 1 |
| Status | Active |
| Directions | 2824 Frazier Ave,Fort Worth |
| City | Fort Worth |
| Buyer Agent Compensation | 2.5 |
| Elementary School Name | Clayton Li |
| High School | Paschal |
| Street Name | Frazier |
| Elementary School | Clayton Li |
| Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/20573782 |
| Standard Status | Active |
| Buyer Agent Compensation Type | % |
Interior Features
| Interior Features | Other |
|---|---|
| Flooring | Hardwood |
| Total Units | 2 |
| Unit Count | 2 |
| Full Baths | 2 |
| Lock Box Type | Other |
| Street Suffix | Avenue |
| Total Bedrooms | 3 |
Exterior Features
| Parking Features | Driveway,Gravel |
|---|---|
| Foundation | Pillar/Post/Pier |
| Lot Size Area | 0.1440 |
| Number Of Parking Spaces | 3 |
| Lot Size Units | Acres |
| Building Area Total | 1550.00 |
| Lot Size Square Feet | 6272.6400 |
| Lot Size Acres | 0.1440 |
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 76110
Price
Taxes
Visits
Year Built
© 2024 North Texas Real Estate Information Systems, Inc. All rights reserved. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor NextHome Premier Choice shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas Real
