Mark Maldonado
Mersal Realty
License number: 0655845
mobile: (972) 658-2877
www.markmaldona­dorealty.com
$400,000
1906 Grainger Street, Fort Worth, Texas 76110, USA
MLS#
21294083
Property Type
Residential For Sale, Multi-Family, Fourplex
Land size
0.14 sqft (0.01 m2)
Building Size
2,640 sqft (245.3 m2)
Status
Bedrooms
4
Baths
4
Sale price per sqm
0 $
Four Doors. $400,000. Originally Listed at $575,000. The facts, then you decide: The price. This quadplex originally listed at $575,000. It's now $400,000, $100,000 per door in Fort Worth's Bellevue Hill, minutes from the Hospital District and TCU. The why. The owner holds this property from out of state and has priced it for a clean, fast exit. He's not interested in executing the upside. That's the buyer's to keep. The income: from the actual rent roll, available on request. Three units are occupied and paying: two at $975 per month, one at $840 per month. The fourth unit is vacant, rent-ready, and currently listed for lease at $975, lease it day one or use it as your test case. In-place rents total $2,790 per month occupied, $3,765 at full occupancy at current rates. The upside? Priced by a contractor, not a brochure. Cosmetic updates estimated at $12,000–$17,000 per door support stronger market rents; a full-scope renovation quote ($28,000–$34,000 per door) and a perimeter fence estimate ($4,000–$8,000) are also on file. The vacant unit means you can prove your rent number on one door before touching the other three. No tenant displacement. No leap of faith. The structure. Four units, one building, two stories, 2,640 SF, built 1922, central HVAC, laminate flooring, functional kitchens. Off-street parking, fenced front yard. Corner-adjacent lot on Grainger Street in an established rental corridor, walkable to Hemphill, near transit, with the Hospital District and TCU anchoring tenant demand. The diligence file is built. Rent roll, lease dates, contractor estimates, and tax records ready to send same-day to serious buyers. Underwrite it yourself: note Tarrant County's 2.19% rate is based on much lower assessment than sales price. Tenant-occupied: showings by appointment with advance notice. If multiple offers are received, a deadline will be set. Four doors. A hundred grand each. Documents, not promises.
Property Details
1922 Year Built:
Building or Complex name: Bellevue Hill Location:
Siding Construction:
Siding Exterior Description:
Resale Condition:
Laminate Floors:
City Water, City sewer Utilities:
Central, Electric Heating System:
Central, Electric Cooling System:
On Slab Basement and Foundation:
composition Roofing:
Parking / Garage
4 Number of parking spaces:
Common Lot Parking type:
Lot Land Information
Less Than 0.5 Acre Lot size:
School Information
415 School District:
Daggett Elementary School:
Paschal High School:
Daggett Middle School:


Listing by: Vivo Realty

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