About 4910 Lovell Avenue
Don't miss your chance to add this cash-flowing asset to your portfolio!! Located just 10 minutes from TCU, this duplex offers a unique opportunity to rent out a back apartment ADU to maximize rental income! The left side of the duplex is a large, two-story, 3-bedroom, 2.5-bath unit currently renting for $1,900 per month, with market rents supporting $2,000 as-is. The right side is a one-story, 2-bedroom, 2-bath unit currently renting for $1,250 per month, with market rents supporting $1,300 as-is. The back apartment needs a complete renovation, but once completed, market rents support $700 per month. With a total income potential of $4,000 per month and the main house not requiring any work, this property is an excellent buy and hold opportunity for an investor or house hacker. Schedule a showing today!
Features of 4910 Lovell Avenue
| MLS® # | 20603912 |
|---|---|
| Price | $425,000 |
| Units | 3 |
| Bedrooms | 6 |
| Bathrooms | 5.10 |
| Full Baths | 5 |
| Half Baths | 1 |
| Building Area Total | 2,970 |
| Acres | 0.30 |
| Year Built | 1978 |
| Type | Residential Income |
| Sub-Type | Duplex |
| Status | Active |
Community Information
| Address | 4910 Lovell Avenue |
|---|---|
| Subdivision | Chamberlain Arlington Heights 1st |
| City | Fort Worth |
| County | Tarrant |
| State | TX |
| Zip Code | 76107-5329 |
Amenities
| Utilities | City Sewer, City Water |
|---|---|
| Parking Spaces | 4 |
| Garages | Driveway |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Other |
|---|---|
| Heating | Central |
| Fireplace | No |
Exterior
| Roof | Shingle |
|---|---|
| Construction | Rock/Stone |
| Foundation | Slab |
School Information
| District | Fort Worth ISD |
|---|---|
| Elementary | Southhimou |
| Middle | Stripling |
| High | Arlngtnhts |
Additional Information
| Net Operation Income | $34,420 |
|---|---|
| Gross Annual Income | $48,000 |
| Gross Annual Expenses | $3,000 |
| Insurance Expense | $1,851 |
| CapitalizationRate | 8.10 |
Unit 1 Details
| Type | 3 Bedroom |
|---|---|
| Full Baths | 2 |
| Half Baths | 1 |
| Rent | $2,000 |
| SqFt | 1,870 |
Unit 2 Details
| Type | 2 Bedroom |
|---|---|
| Full Baths | 2 |
| Rent | $1,300 |
| SqFt | 1,100 |
Unit 3 Details
| Type | 1 Bedroom |
|---|---|
| Full Baths | 1 |
| Rent | $700 |
| SqFt | 400 |
Listing Details
| Agent | Matt Solis |
|---|---|
| Office | Epique Realty LLC |