Renovated Duplex Near TCU and Medical District

3113 8th Ave, Fort Worth
ROI
18.7% IRR
Strategy
Mid Term Rental
Renovated duplex near TCU and medical district. One studio and one 1-bed ideal location and asset type for mid-term rental. Studio unit currently occupied with long-term tenant until June 2024, other is vacant. Renovated duplex built in 1930, 1,036ft with one studio unit and one 1-bed unit. Studio is currently leased for $1200/mo until June 2024, providing income while 1-bed is furnished and marketed for mid-term.

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Renovated Duplex Near TCU and Medical District

Listed 05/25/2023

3113 8th Ave, Fort Worth

Purchase Price:$295,000

Cash Outlay:$91,650

Cashflow:$325/mo

Cap Rate:6.89%

IRR:18.7%

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