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 |
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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 |
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Subdivision | Chamberlain Arlington Heights 1st |
City | Fort Worth |
County | Tarrant |
State | TX |
Zip Code | 76107-5329 |
Amenities
Utilities | City Sewer, City Water |
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Parking Spaces | 4 |
Garages | Driveway |
Is Waterfront | No |
Has Pool | No |
Interior
Interior Features | Other |
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Heating | Central |
Fireplace | No |
Exterior
Roof | Shingle |
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Construction | Rock/Stone |
Foundation | Slab |
School Information
District | Fort Worth ISD |
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Elementary | Southhimou |
Middle | Stripling |
High | Arlngtnhts |
Additional Information
Net Operation Income | $34,420 |
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Gross Annual Income | $48,000 |
Gross Annual Expenses | $3,000 |
Insurance Expense | $1,851 |
CapitalizationRate | 8.10 |
Unit 1 Details
Type | 3 Bedroom |
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Full Baths | 2 |
Half Baths | 1 |
Rent | $2,000 |
SqFt | 1,870 |
Unit 2 Details
Type | 2 Bedroom |
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Full Baths | 2 |
Rent | $1,300 |
SqFt | 1,100 |
Unit 3 Details
Type | 1 Bedroom |
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Full Baths | 1 |
Rent | $700 |
SqFt | 400 |
Listing Details
Agent | Matt Solis |
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Office | Epique Realty LLC |