Value-Add Cashflow Duplex in Fairview Heights

4000 Fair Park Blvd, Fort Worth
ROI
17.55% IRR
Strategy
Long Term Rental
Value-add cashflow duplex in Fairview Heights. Motivated seller offering closing concession to cover $8k fire damage repair quote. Update cosmetics and rent each side for $1100-1200/mo. Excellent cashflow potential, rough area. 1,372 sq ft duplex built in 1984 with 2 bed, 1 bath units. One rented for $850/mo with tenant in process of moving out, other unit is vacant with fire damage. Repair estimate $8k, plus cosmetics. Motivated seller offering concessions to cover repair costs. Market rents $1150-1200/mo.

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Value-Add Cashflow Duplex in Fairview Heights

Listed 08/17/2023

4000 Fair Park Blvd, Fort Worth

Purchase Price:$195,000

Cash Outlay:$64,650

Cashflow:$306/mo

Cap Rate:7.28%

IRR:17.55%

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