About 5933 Shadydell Drive
Offering package sale of 10 Fourplexes townhomes (40 Units) , 2 stories Built year 1985 and Renovated 30 units in 2021,2022,2023 and 10 units can be improved to fetch higher rent to increase value. This will be a good Strategy Value-Add multifamily for the positive cash-flow. The current average effective rent $1300, whereas the average market rent is $1500 plus. All occupied tenants are on annual lease and it will be a great opportunity to increase rent to generate more income during the lease renewals to improve the cashflow. Great brick fourplex with 90% occupancy. Nice floorplans with wood burning fireplaces, private fenced patios, covered parking and storage spaces. All kitchen appliances included. Rentable Sqft 43520 Sqft, Total Land 3.16 Acres, Configuration 2 Bed and 1 ½ Bath. **Seller is willing to sell the individual fourplexes with quick closing** DO NOT DISTURB TENANTS! *Showings will not be allowed unless the offer is executed and the proof of funds are submitted*
Features of 5933 Shadydell Drive
MLS® # | 20607886 |
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Price | $6,800,000 |
Units | 40 |
Bedrooms | 80 |
Building Area Total | 43,520 |
Acres | 3.17 |
Year Built | 1985 |
Type | Residential Income |
Sub-Type | Quadruplex |
Status | Active |
Community Information
Address | 5933 Shadydell Drive |
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Subdivision | SHADYDELL |
City | Fort Worth |
County | Tarrant |
State | TX |
Zip Code | 76135 |
Amenities
Utilities | City Sewer, City Water |
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Parking Spaces | 80 |
Garages | Carport |
Is Waterfront | No |
Has Pool | No |
Interior
Interior Features | Walk-In Closet(s) |
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Heating | Electric |
Fireplace | No |
Fireplaces | Living Room |
Exterior
Roof | Asphalt |
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Construction | Brick, Siding |
Foundation | Other |
School Information
District | Eagle MT-Saginaw ISD |
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Elementary | Greenfield |
Middle | Ed Willkie |
High | Chisholm Trail |
Additional Information
Net Operation Income | $375,708 |
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Gross Annual Income | $660,300 |
Gross Annual Expenses | $216,492 |
Insurance Expense | $31,582 |
CapitalizationRate | 5.53 |
Unit 1 Details
Type | 2 Bedroom |
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Full Baths | 1 |
Half Baths | 1 |
Rent | $1,300 |
SqFt | 1,080 |
Listing Details
Agent | Abdul Jameel Abdur Rahman |
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Office | My Dream Home Helpers Realty |