1951 Belmont Avenue

Fort Worth, TX 76164

Bargain price on this full duplex zoned multi-family, & is on 2 lots. House needs some foundation work, & seller is selling AS-IS. Estimate to excavate the vacant side is in the transaction desk. When fully leased, brings great ROI in the neighborhood of 6.5% cash-on-cash (factoring 20K for foundation repairs). Both sides were renovated about 5 years ago. Vinyl plank floors throughout. Thermal pane windows, both water heaters replaced (one in 2022, the other in 2023), roof doesn't look that old. 3 HVAC systems- both air handlers in 1951 replaced in late 2022, one condensor replaced in 2023. Modern electrical panels. Utilities are separately metered. Small 2-car garage is divided, but can mean additional rent from the right tenant. Vacant side is 3 bedroom 2 bath, was most recently leased for $ 1275. Occupied side is 2 bedroom 1 bath, & is leased for $ 1095 through January 2025. 1953 unit includes a stacked washer-dryer & fridge. 1951 refrigerator is in the garage, should work.

This is an Active listing.

Broker Office Phone Number: 817-310-5200

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