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4004-4008 Fair Park Blvd, Fort Worth

4004-4008 Fair Park Blvd, Fort Worth
ROI
18.80% IRR
Strategy
Long Term Rental
Pair of value-add duplexes with heavy cashflow in a C-grade area. With updated cosmetics and correcting deferred maintenance, each unit can rent for $1050-1200/mo. Well above the 1% rule with an 8% cap rate. Best for a local investor or those with good property management in place. Two duplexes for sale individually listed at $189k - 4004 and 4008 Fair Park Blvd. Each is 1,360 sq ft with (2) 2 bed, 1 bath units. Built in 1984. Interiors are outdated, and both properties will have deferred maintenance. Market rents for modestly updated units is $1100-1200/mo.

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4004-4008 Fair Park Blvd, Fort Worth

Listed 09/19/2023

4004-4008 Fair Park Blvd, Fort Worth

Purchase Price:$375,000

Cash Outlay:$131,250

Cashflow:$800/mo

Cap Rate:8.05%

IRR:18.80%

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