Fort Worth, TX 76116 7500 Chapin Road
$639,900



15 more
















Presented By: Jenna Harris with The Sears Group; 713-357-0068
Disclaimer: The information contained in this listing has not been verified by Bold Real Estate and should be verified by the buyer.
Home Details
Prime Investment Opportunity in growing area of Ft Worth! Discover an exceptional income-producing property featuring four spacious 2-bedroom, 1.5-bathroom townhome-style units, each offering 1,075 square feet of comfortable living space across two stories. Spacious living areas with a charming fireplace. Each unit has a private fence backyard courtyard with access to the carport parking spaces. Additional uncovered spots for guests. Several units have been updated over the last 7 years to include updated kitchens with granite counter tops, storage cabinets, and subway tile backsplash. Bathroom updates include new toilets, granite vanity tops, paint, and flooring. Further udpates include laminate flooring, new paint, newer fixtures, appliances, and more. No carpet! Convenient guest half bathroom downstairs, with washer dryer hookups in each unit. Strategically positioned just off Camp Bowie with access to major employers including Lockheed Martin and the Joint Reserve Base, plus convenient shopping, dining, and a quick commute to downtown Fort Worth. Unit A and B with current tenants at $1200mo. Unit D is leased with move in date of 10.1 at $1295. Unit C being made ready and will be available to show! Showings may take place on Unit D through appointment on showingtime until 9.30, then unit C can be shown, with all units available to show with an accepted offer. Photos are of unit D, with unit C identical in updates. Unit B is also updated. Unit A has a long term tenant with no updates under current ownership. Tenants pay own electric bills, bill back of $80 per unit for water and trash. New water heater Unit B - 09.10.2021, New Refrigerator Unit C - 09.20.2021, New AC Duct Unit D - 06.24.2022, All new fencing in July 2022, Roof 2017 or 2018.
Presented By: Jenna Harris with The Sears Group; 713-357-0068
Interior Features for 7500 Chapin Road
Bedrooms
Total Bedrooms8
Bathrooms
Half Baths4
Total Baths8
Other Interior Features
Basement Y/NNo
Fireplace FeaturesBrick
Fireplaces Total1
FlooringLaminate
Interior FeaturesBuilt-in Features, Granite Counters
Lock Box TypeOther
Occupancy Rate75
Total Units1
Unit Count4
General for 7500 Chapin Road
# of Buildings1
Accessory Unit Y/NNo
AppliancesDishwasher, Disposal, Electric Range, Refrigerator, Vented Exhaust Fan
Capitalization Rate0.00
Carport Spaces6
CityFort Worth
Complex Namen/a
Construction MaterialsBrick
CoolingCeiling Fan(s), Central Air, Electric
CountyTarrant
DirectionsFrom 377 traffic circle, take chapin road. 1st 4plex on the corner of chapin and ramona.
Elementary SchoolWaverlypar
Elementary School NameWaverlypar
Full Baths4
Gross Annual Expenses0.00
HOA TypeNone
HeatingCentral, Electric
High SchoolWestn Hill
Insurance Expense
LevelsTwo
Listing Terms1031 Exchange, Cash, Conventional, VA Loan
Number of Garage Spaces0
Occupant TypeTenant
Operating Expense IncludesMaintenance, Manager
Pool Y/NNo
PossessionClosing/Funding
Property SubtypeQuadruplex
Property TypeResidential Income
RoofComposition, Shingle
School DistrictFort Worth ISD
Security FeaturesSmoke Detector(s)
Standard StatusActive
StatusActive
Subdivision NameHighland Homes Add
Unexempt Taxes9717
UtilitiesCity Sewer, City Water, Individual Water Meter
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built1984
Year Built DetailsPreowned
Exterior for 7500 Chapin Road
Building Area Total4298.00
Covered Spaces6
Exterior FeaturesCourtyard, Private Yard
FencingFenced, Wood
Foundation Slab
Garage Y/NNo
Lot SizeLess Than .5 Acre (not Zero)
Lot Size Acres0.2840
Lot Size Area0.2840
Lot Size SourcePublic Records
Lot Size Square Feet12371.0400
Lot Size UnitsAcres
Number Of Parking Spaces8
Parking FeaturesAdditional Parking, Carport, Covered
WaterfrontNo
Additional Details
Price History
Schools
Elementary School
Waverlypar Elementary School
High School
N/A
Middle School
N/A

Suzanne Smith
Broker/Owner