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(903) 675-5207
Real Estate Company
1501 W Morphy St, Fort Worth, TX 76104
- $800,000
- 9
- BD
- 4
- BA
- List Price
- $800,000
- Status
- ACTIVE
- MLS#
- 21428349
- Subtype
- ResidentialIncome
- Construction Status
- Preowned
- Year Built
- 1926
- Bedrooms
- 9
- Bathrooms
- 4
- Full Baths
- 4
- Lot Size
- 5,009
- Acres
- 0.12
- Subdivision
- Mc Anulty & Nye Sub
- Building Name
- Na
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.
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Additional Information
- Interior Features
- Other
- Taxes
- $11,011
- Flooring
- Other
- Heating
- Other
- Air Conditioning
- Other
- Stories
- 2
- Levels
- Two
- Roof
- Composition
- Foundation
- Other
- Parking Features
- Driveway, On Street
- School District
- Fort Worth Isd
- Elementary School
- De Zavala
- Middle School
- Daggett
- High School
- Paschal
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Listing courtesy of Ross Utley from League Real Estate. Contact: 817-523-9113
Listings provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.
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