🏠🌵 Rare TRIPLEX | Fort Worth, TX | Dive Into Details Here! 👀➡️

Description

Address: 2826 Scott Ave, Fort Worth, TX 76103

This 4 bedroom / 3 bathroom property makes sense for any investor, even in today’s changing real estate market. A potential cash cow Triplex for rental owners, retail sellers, and flippers!

Deal Takeaways:

Property beats the 1% rental income rule!

#1 unit: 2 Beds / 1 Bath $850 current monthly rent

#2 unit: 1 Bed / 1 Bath $845 current monthly rent

#3 unit: 1 Bed / 1 Bath $895 current monthly rent

Currently occupied and cash flowing, occupied at close

Pro Forma rents at $1100-$1275

Double Garage 340 SF

Financials:

ARV: $350,000

Purchase Price: $222,500

Estimated Profit Details (for a flipper):

$350,000 ARV

(*) 94% for sale commissions

(-) $222,500 purchase price

(-) $40,000 rehab budget

(-) $5,000 closing / holding cost

(=) $61,500 profit

Current Rental Profit Details:

$2,590 monthly current rent

(-) $290 monthly tax

(-) $120 monthly insurance

(-) $259 property management

(-) $259 allocation for repairs, vacancy, etc

(=) $1,662 net monthly cash flow

Property Details:

4 Beds / 3 Baths

1925 Year Build

1,924 Home Square Feet

5,097 LOT SF

Cosmetic & foundation work needed (if flipping)

Photos:
https://drive.google.com/drive/folders/1gnu2XsmmdxP9yuEcLpIZISlFAEjrqSu5?usp=drive_link