About 124 Stewart Bend Court
Great opportunity for investors to build portfolio with fully rented duplexes all on the same street in a row. Built between 2005-2007, this listing includes 4 full duplex buildings with total of 8 units. Buildings 120,124,128 and 132. Pic#3-12 are fully upgraded units to fetch higher rent, and other pictures reflect the make readies completed to fetch average rent. The future buyer can add value by upgrading other units and increase the rent. 4 units with 3 bed 2 bath and 1 car garage and 4 units with 2 bed 2 bath with 1 car garage. All appliances included. Great location surrounded by DR Horton and Antares subdivisions, minutes to Eagle Mountain Lake, shopping & dining. New roof replaced in 2021. The seller is willing to sell individual duplex as well. Refer MLS#20587048, 20587653
Features of 124 Stewart Bend Court
| MLS® # | 20586976 |
|---|---|
| Price | $375,000 |
| Units | 8 |
| Bedrooms | 20 |
| Full Baths | 16 |
| Square Footage | 9,940 |
| Building Area Total | 9,940 |
| Acres | 0.66 |
| Year Built | 2007 |
| Type | Residential Income |
| Sub-Type | Duplex |
| Status | Active |
Community Information
| Address | 124 Stewart Bend Court |
|---|---|
| Subdivision | Stewart Bend Add |
| City | Azle |
| County | Parker |
| State | TX |
| Zip Code | 76020 |
Amenities
| Utilities | City Sewer, City Water |
|---|---|
| Features | Sidewalks |
| Parking Spaces | 20 |
| # of Garages | 1 |
| Garages | Additional Parking, Garage, Garage Door Opener, 2-Car Single Doors |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Other |
|---|---|
| Heating | Central, Electric |
| Fireplace | No |
Exterior
| Exterior Features | Other |
|---|---|
| Lot Description | Other |
| Roof | Composition |
| Construction | Brick, Frame, Concrete |
| Foundation | Slab |
School Information
| District | Azle ISD |
|---|---|
| Elementary | Silver Creek |
| High | Azle |
Additional Information
| Net Operation Income | $94,284 |
|---|---|
| Gross Annual Income | $133,800 |
| Gross Annual Expenses | $39,516 |
| Insurance Expense | $7,400 |
| CapitalizationRate | 25.14 |
Unit 1 Details
| Type | 2 Bedroom |
|---|---|
| Full Baths | 16 |
| Rent | $1,250 |
| SqFt | 985 |
Unit 2 Details
| Type | 3 Bedroom |
|---|---|
| Full Baths | 16 |
| Rent | $1,425 |
| SqFt | 1,025 |
Listing Details
| Agent | Abdul Jameel Abdur Rahman |
|---|---|
| Office | My Dream Home Helpers Realty |