Address
5933 Shadydell Drive, Fort Worth, TX
Price
$ 6,800,000
Property Attributes
- MLS#20607886
- TypeMulti-Family
- CountyTARRANT
- CityFort Worth
- NeighborhoodShadydell
- Zip76135
- StyleQuadruplex
- Price$ 6,800,000
- Bedrooms80
- Full Bathrooms40
- Half Bathrooms0
- Lot Size3.165 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description
Offering package sale of 10 Fourplexes townhomes (40 Units) , 2 stories Built year 1985 and Renovated 30 units in 2021,2022,2023 and 10 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 $1300, whereas the average market rent is $1500 plus. 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 43520 Sqft, Total Land 3.16 Acres, Configuration 2 Bed and 1 ½ Bath. **Seller is willing to sell the individual fourplexes with quick closing** DO NOT DISTURB TENANTS! *Showings will not be allowed unless the offer is executed and the proof of funds are submitted*
| Elementary School |
|---|
| Greenfield Elementary School |
| Price History | |
|---|---|
| 5/4/2024 | Listed $6,800,000 |
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 | 5.53 |
| Exclusions | TENANTS BELONGINGS,MINERALS |
| Year Built | 1985 |
| Levels | Two |
| Will Subdivide | No |
| Gross Annual Expenses | 216492.00 |
| Property SubType | Quadruplex |
| Subdivision Name | SHADYDELL |
| Insurance Expense | 31582 |
| 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 | 40 |
| Status | Active |
| Directions | PLEASE FOLLOW GPS |
| City | Fort Worth |
| Buyer Agent Compensation | 2 |
| Elementary School Name | Greenfield |
| High School | Chisholm Trail |
| Elementary School | Greenfield |
| Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/20607886 |
| Standard Status | Active |
| 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 | 40 |
| Unit Count | 1 |
| Lock Box Type | None |
| Total Bedrooms | 80 |
Exterior Features
| Parking Features | Carport |
|---|---|
| Foundation | Other |
| Lot Size Area | 3.1650 |
| Number Of Parking Spaces | 80 |
| Lot Size Units | Acres |
| Building Area Total | 43520.00 |
| Lot Size Square Feet | 137867.4000 |
| Lot Size Acres | 3.1650 |
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 76135
Price
Visits
Year Built
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