1906 GRAINGER STREET, FORT WORTH, TX 76110
Homes for sale in Fort Worth.
Homes for sale in 76110.
List Price$400,000
1906 Grainger Street
Fort Worth, TX 76110
Listing #21294083
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.
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