1906 GRAINGER STREET, FORT WORTH, TX 76110

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Homes for sale in 76110.


Active

List Price$400,000

1906 Grainger Street

Fort Worth, TX 76110

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

Listing #21294083

4

Bedrooms

4 full

Bathrooms

2,640

Square Feet

4

Number of Units

Multi-Unit Residential

Type

About This Property

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 Features

Location Information

County

Tarrant

Subdivision

Bellevue Hill Add

Interior Features

Interior

Other

Cooling

Central Air, Electric

Full Baths

4

Floors

Laminate

Has Fireplace

No

Total Number of Units

4

Heating

Central, Electric

Exterior Features

Stories

2

Lot Size in Acres

0.14

Foundation

Slab

Lot Size in Sq. Ft.

6,098

Roof

Composition

Buildings

1

Utilities

Sewer Available, Water Available

Building Total Area (Sq. Ft.)

2,640

Parking Description

Additional Parking, Common

Is One Story

No

Pool Description

None

School

Elementary School District

Fort Worth ISD

Jr. High School

Daggett

Elementary School

Daggett

High School

Paschal

Additional Information

Year Built Details

Preowned

Status

Active

Property Type

RI

Has a Home Owners Association

No

Property SubType

Quadruplex

Tax Annual Amount

7002.0

Year Built

1922

Lot Acres Source

Assessor

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Mortgage Calculator

$1,867

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$1,441

Monthly Tax

$333

Monthly Insurance

$93

yrs

%

$

$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

Schools

Walk Score

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