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$966,960   Price Analysis
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601-604 Briarwood Ln
Forest Hill, TX 76140
12 bed 12 bath 5,192 SqFt ($186/SqFt)
0.23 acre lot. Built 2023
Listed 2024-06-25, HOA $120
Ⓧ USDA Ineligible
due to price & location

near Forest Hill

NEW, 50% occupied triplex with long term leases in place!

* Has Contingent Offer *

Seller willing to purchase a f orward commitment for investors who use and qualify through preferred lender, Momentum Loans, for a LONG-TERM INTEREST RATE OF 5.75%. The Woods at Forest Hill is a master planned town home community comprised of 76 total doors, divided into duplexes, triplexes and fourplexes. The project consists of limited HOA common area, with $30 dues per month per unit, with each owner responsible for their building insurance and maintenance.

The units are all 3 bed, 2.5 bath with 1 car garage and 1298 square feet of living space. They feature granite countertops, stainless appliances, LVP flooring and tall ceilings. Units are desirable for tenants with low maintenance exteriors. Very handy location for those working in Fort Worth, Arlington and the 287 corridor. Sold with property management in place. Seller has other triplx and quadplex buildings available at The Woods. Contact listing agent for info.


Presented by Levi Mills at
Prime Properties Realty.
Listing Agent Photo

Property MLS #20655982 from NTREIS

Bedrooms: 12

Total Bathrooms: 12
Full Bathrooms: 8
1/2 Bathrooms: 4

Eat-in Kitchen
Granite Counters
Kitchen Island
Flooring: Luxury Vinyl Plank

Dishwasher
Disposal
Electric Range
Electric Water Heater
Microwave

Cooling Features: Central Air, Electric
Heating Features: Central, Electric

Attached Garage: Yes
Covered Spaces: 1
Garage Spaces: 1
Parking Features: Garage, Garage Door Opener, Garage Faces Front

Fencing: Fenced Yard: Back Yard, Wood

Lot Size Acres: 0.23
Lot Size Square Feet: 10019

Association: Yes
Association Fee: 120
Association Fee Frequency: Monthly
Association Fee Includes: Maintenance Grounds, Trash
Calculated Total Monthly Association Fees: 120
Association Name: The Woods at Forest Hill

Number of Buildings: 1

Elementary School: Sellers
High School: Wyatt Od
Middle School: Forest Oak
School District: Fort Worth ISD

David K Sellars Elementary School is a public elementary school located approximately 0.8 miles away.
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O D Wyatt High School is a public high school located approximately 3 miles away.
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Ambassadors of Christ Chr. Ac. is a private elementary, middle and high school located approximately 1.5 miles away.
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Uplift Ascend Middle is a public middle school located approximately 1.9 miles away.
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Gross Income: 92352.00

Source Listing Status: Active Under Contract
County: Tarrant
Directions: From 820 take the Anglin Drive exit south. Briarwood is on the right in 4 blocks. If the Anglin Drive exit is blocked due to construction, go to the Forest Hill Drive exit, proceed south and go left on Forest Hill Circle. Turn right on Anglin Drive, Briarwood is on the right in 3 blocks.
Source Property Type: Residential Income
Insurance Expense: 5268
Source Neighborhood: The Woods
Parcel Number: 42738421
Postal Code Plus 4: 3977
Subdivision: The Woods
Property Subtype: Quadruplex
Source System Name: C2C

Listed 2024-06-25
$966,960
NTREIS

Net Operating Income: 63096

Year Built: 2023
Building Area Total: 5192
Construction Materials: Construction: Board & Batten Siding, Brick
Foundation Details: Slab
Levels: Two
New Construction: Yes
Property Age: 1
Roof: Composition
Year Built Details: New Construction - Complete

Utilities: Asphalt, City Sewer, City Water, Underground Utilities

Security Features: Security Features: Fire Sprinkler System, Smoke Detector(s)
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.