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Austin McFarland

austin.mcfarland@exprealty.com +1(903) 705-3341

$800,000

Est. payment - /mo

9 Beds

4 Baths

5,009 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Mc Anulty & Nye Sub

MLS Listing ID 21428349

Bedrooms 9

Full Baths 4

HOA Y/N None

Total Fin. Sqft 4552

Year Built 1926

Annual Tax Amount $11,011

Lot Size 5,009 Sqft

Acres 0.115

Property Sub-Type Quadruplex

Property Description

1501 W Morphy presents an attractive multifamily investment opportunity, combining 100% occupancy, stabilized cash flow, and a prime urban infill location in Fort Worth's highly sought-after Fairmount neighborhood. Located just one block from Magnolia Avenue, this income-producing fourplex features a well-balanced unit mix consisting of three 2-bedroom, 1-bathroom units and one 3-bedroom, 1-bathroom unit. Significant capital improvements include a roof replacement in 2014, along with plumbing, HVAC, and electrical upgrades completed in 2016. Residents benefit from walkable access to Magnolia Avenue's popular dining and entertainment destinations, including Salsa Limón, Maggie's R&R, Melt Ice Cream, and numerous other neighborhood amenities. With established in-place rental income, historical capital improvements, and proximity to Fort Worth's Medical District and Near Southside, 1501 W Morphy offers investors the opportunity to acquire a stabilized multifamily asset in an established urban infill location. Capitalize on this opportunity to add a fully occupied, income-producing asset to your investment portfolio. Contact the listing broker for additional financial information, property details, and to discuss this investment opportunity.

Location

State TX

County Tarrant

Direction Use GPS.

Interior

Interior Features Other

Heating Other

Cooling Other

Flooring Other

Appliance Other

Heat Source Other

Exterior

Utilities Available City Sewer, City Water

Roof Type Composition

Garage No

Building

Story Two

Foundation Other

Level or Stories Two

Structure Type Brick

Schools

Elementary Schools De Zavala

Middle Schools Daggett

High Schools Paschal

School District Fort Worth Isd

Others

Acceptable Financing 1031 Exchange, Cash

Listing Terms 1031 Exchange, Cash

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Ross Utley • League Real Estate

NEARBY SCHOOL & BUSINESS

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Austin McFarland

+1(903) 705-3341

Agent License ID: 765766

1501 W Morphy Street Fort Worth, TX 76104

Austin McFarland

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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