Fort Worth, TX 76116 3200 Cherry Lane
$519,000
Presented By: VisaLand Realty
Disclaimer: The information contained in this listing has not been verified by Bold Real Estate and should be verified by the buyer.
Home Details
Investment Opportunity High Yield Duplex in Fort Worth,
Seize this rare opportunity to acquire a high-occupancy, income-generating duplex strategically located near the Joint Reserve Base, Camp Bowie, and less than nine miles from downtown Fort Worth.
Constructed in 2017, this modern property boasts exceptionally low operating expenses and a robust design. Each unit features a spacious 3-bedroom, 2-bathroom floor plan totaling approximately 1,094 square feet. Both units are currently leased for $1650 per month and plenty of space for higher rent, with long term clients and newly renewed lease. Very well maintained good clients. NO HOA
The property is optimized for low-friction management with all utilities separately metered and paid by the residents.
Presented By: VisaLand Realty
Interior Features for 3200 Cherry Lane
Bedrooms
Total Bedrooms6
Bathrooms
Total Baths4
Other Interior Features
FlooringLuxury Vinyl Plank
Interior FeaturesBuilt-in Features, Cable TV Available, Open Floorplan, Pantry, Tile Counters, Walk-In Closet(s)
Lock Box TypeSee Remarks
Occupancy Rate100
Total Units2
Unit Count2
General for 3200 Cherry Lane
# of Buildings1
AppliancesDisposal, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator
Capitalization Rate5.93
CityFort Worth
Complex NameCherry Lane
Construction MaterialsBrick, Concrete, Plaster, Rock/Stone, Wood
CoolingCentral Air, Electric
CountyTarrant
DirectionsUse GPS
Elementary SchoolWestn Hill
Elementary School NameWestn Hill
Full Baths4
Gross Annual Expenses7000.00
HOA TypeNone
HeatingCentral, Electric
High SchoolWestn Hill
Insurance Expense1800
LevelsOne
Listing Terms1031 Exchange, Cash, Contact Agent, Conventional, FHA, USDA Loan, VA Loan, Other
Number of Garage Spaces2
Occupant TypeTenant
Operating Expense IncludesInsurance, Maintenance, New Tax
Pool Y/NNo
PossessionLease Outstanding, Negotiable, Subject to Lease
Property SubtypeDuplex
Property TypeResidential Income
RoofAsphalt, Shingle
School DistrictFort Worth ISD
Standard StatusActive
StatusActive
Subdivision NameBroadmoor Add
Unexempt Taxes8132
UtilitiesCity Sewer, City Water, Individual Water Meter
Will SubdivideNo
Year Built2017
Year Built DetailsPreowned
Exterior for 3200 Cherry Lane
Attached Garage Y/NYes
Building Area Total2188.00
Foundation Brick/Mortar, Combination, Concrete Perimeter, Pillar/Post/Pier, Slab
Garage Y/NYes
Lot Size Acres0.1490
Lot Size Area0.1490
Lot Size Square Feet6490.4400
Lot Size UnitsAcres
Number Of Parking Spaces6
Parking FeaturesGarage, Garage Door Opener, Open
WaterfrontNo
Additional Details
Price History
Schools
Elementary School
Westn Hill Elementary School
High School
N/A
Middle School
N/A
Suzanne Smith
Broker/Owner
