3124 CHERRY LANE, FORT WORTH, TX 76116
Homes for sale in Fort Worth.
Homes for sale in 76116.
List Price$400,000
3124 Cherry Lane
Fort Worth, TX 76116
Listing #21329758
About This Property
Texas Cash Flow Duplex Turn Key investment opportunity in Fort Worth's West Side. This beautifully built 2007 duplex features two spacious 3 bed 2 bath units each with attached garage and privacy fenced yard. Whether you're adding to your portfolio or stepping into your first investment property, 3124-3126 Cherry Lane delivers quality construction, strong rental income, and a location that keeps units leased. 3 bed 2 bath per unit 2,236 total sq ft building. Updated luxury vinyl plank flooring throughout living areas of both units - durable, attractive, tenant-approved. Tile in bathrooms and kitchens. 3124 Cherry Lane Lease expires March 2027 rent is below market at $1395. 3126 Cherry Lane Vacant for Showings listed for lease at $1595. Rents have room to increase at renewal you're buying in below where the market is heading. No HOA your asset, your rules. Very good overall condition this is not a project, it's a performer. New Roof 2023, Electricity and Water separately metered and residents responsibility, Property Taxes 2025 $7,068.50 Annual Insurance 2025 $1,194.33 Why West Fort Worth? Why Now? DFW's growth is shifting west. Western Tarrant and Parker Counties is where land, capital, and corporate expansion are heading as the eastern metro fills up. Investors who position now are buying ahead of the wave. The fundamentals are hard to beat: Anchor employers that don't blink Lockheed Martin, Naval Air Station JRB, Bell Textron, and the West Fort Worth medical corridor keep tenant demand steady year after year. Camp Bowie is booming record-low retail vacancy. Texas tailwinds no state income tax, landlord-friendly laws, sustained population growth. Professionally managed by Turn Key Real Estate Management, LLC a full-service residential property management company serving the DFW Metroplex since 2008. The current management team is happy to continue serving the new owner making for a truly Turn Key investment from day one
Property Features
Location Information
County
Tarrant
Subdivision
Broadmoor Add
Interior Features
Interior
Granite Counters, Open Floorplan
Cooling
Central Air, Ceiling Fan(s), Electric
Full Baths
4
Floors
Ceramic Tile, Luxury Vinyl Plank
Has Fireplace
No
Appliances
Dishwasher, Electric Range, Electric Water Heater, Refrigerator
Number of Fireplaces
0
Total Number of Units
2
Heating
Central, Electric
Exterior Features
Stories
1
Fencing
Wood
Construction
Brick
Patio / Deck Description
Covered, Patio
Foundation
Slab
Pool Description
None
Roof
Composition
Lot Size in Acres
0.179
Utilities
Sewer Available, Separate Meters, Water Available
Lot Size in Sq. Ft.
7,797
Parking Description
Garage
Buildings
1
Has Garage
Yes
Building Total Area (Sq. Ft.)
2,236
Garage Spaces
2
Is One Story
Yes
School
Elementary School District
Fort Worth ISD
Jr. High School
Leonard
Elementary School
Westn Hill
High School
Westn Hill
Additional Information
Year Built Details
Preowned
Status
Active
Property Type
RI
Has a Home Owners Association
No
Property SubType
Duplex
Tax Annual Amount
7069.0
Year Built
2007
Exclusions
Resident Belongings
Similar Listings
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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