Price: $249,000
Units: 3
Property Type: Triplex
Status: Active
Distressed:
Year Built: 1927
Neighborhood: Carsons Sub
Days on Website: 109

Courtesy of Keller Williams Arlington, Jean Christenberry.

Property Description

Great investment opportunity with immediate cash flow. Corner building is a single family residence with approximately 1,160 sqft (tenant pays utilities) with 3 bedroom, 2 bath, kitchen, living with current rent of $1,100.00 per month. Garage apartment has been configured into a Duplex with ea unit approximately 900 sqft (landlord pays utilities), 2 bedroom, 1 bath, kitchen and living area with current rent of $900.00 per month per unit. All leases renewed are 6 months or 12 months to accommodate new Buyer-Owner lease conditions for personal changes and agreement between Buyer & Tenant when sale is complete. Please do not disturb tenants.

Property Details and Features

  • Bathrooms
  • 4 full bathrooms
  • Bedrooms
  • 7 bedrooms
  • House
  • 2,860 building square feet
  • Built in 1927
  • 3 units
  • 3 units
  • 1 story
  • 2 buildings
  • Brick
  • Wood
  • Disability Features
  • Accessible?: 0
  • Foundation
  • Pier & Beam
  • Heating
  • Other
  • Window Unit
  • Home Owner’s Association
  • None
  • Association type: None
  • Interior Features
  • Other
  • Location
  • Located at complex: None
  • Subdivision: Carsons Sub
  • Lot
  • Size: Less Than .5 Acre (not Zero)
  • 7,492 square feet
  • Corner
  • Fence
  • Chain Link
  • Wood
  • Expenses
  • Gross annual expenses: $13,698
  • Insurance expense: $1,508
  • Income
  • Gross annual income: $34,800
  • Net annual income: $21,102
  • Miscellaneous
  • Electric
  • Water/Sewer/Trash
  • Parking
  • 4 parking spaces
  • Detached
  • Front
  • Garage
  • Other
  • Property
  • Property subtype: MUL-Triplex
  • Roof
  • Composition
  • Schools
  • School district: Fort Worth ISD
  • High school: Carter Riv
  • Middle school: Riverside
  • Utilities
  • City Sewer
  • City Water

Property Map

$249,000 – 400 Karnes Street, Fort Worth, TX 76111

Street View

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Listing data last updated: February 19, 2019 06:00 Eastern