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Value-Add Triplex in the Heart of Fort Worth

4910-4912 Lovell Ave, Fort Worth
ROI
20.25% IRR
Strategy
Long Term Rental
Value-add triplex in the heart of Fort Worth. Left side rented for $1900 (market rents $2000-2100), right side rented for $1250 (market rents $1300-1350). ADU needs a full rehab and will rent for $7-800. ARV is $500k+. 10 minutes from TCU, Lockheed Martin, and medical district.

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Value-Add Triplex in the Heart of Fort Worth

Listed 05/06/2024

4910-4912 Lovell Ave, Fort Worth

Purchase Price:$425,000

Cash Outlay:$134,750

Cashflow:$392/mo

Cap Rate:6.79%

IRR:20.25%

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