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$585,000   Price Analysis
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7504 Chapin Rd
Fort Worth, TX 76116
6 bed 8 bath 4,298 SqFt ($136/SqFt)
4,298SqFt lot. Built 1984
Listed 2024-02-05, Taxes $8,998
Ⓧ USDA Ineligible
due to location

near Fort Worth

Multi-family four-plex located in Highland Homes perfect for an investor looking to house hack.

* Sale Pending *

Two units have been completely updated with neutral paint, fixtures, carpet and flooring throughout and much more. Upgrade list is available upon request. Kitchens has been updated with granite in 1 unit, stainless sink and new appliances within the last 2 years. Bathrooms have been updated with granite in 1 unit, fixtures and hardware.

3 units are occupied. Two HVAC's have been replaced in the last 3 years. Landlord pays - Dumpster $100 monthly, Water $150 approx, Lawncare provided by tenant $50 month credit. Room to increase rent on 1 unit, lease agreements renew Sept 24', Unit has not been updated at all. AGGRESIVELY PRICED TO SELL. $5000 twards closing cost for buyer.


Presented by Zachary Bell at
Agency Dallas Park Cities, LLC.
Listing Agent Photo

Property MLS #20526034 from NTREIS

Bedrooms: 6

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

Cable TV Available
Decorative Lighting
Flooring: Carpet, Ceramic Tile, Vinyl

Dishwasher
Disposal
Electric Cooktop
Electric Oven
Microwave
Refrigerator

Cooling Features: Ceiling Fan(s), Central Air, Electric
Heating Features: Central, Electric, Gas Jets

Covered Patio/Porch
Fencing: Fenced Yard: Wood
Patio And Porch Features: Covered

Few Trees
Interior Lot
Subdivision
Lot Size Acres: 0.0986685
Lot Size Square Feet: 4298

Parking Features: Assigned, Carport

Association: No
Calculated Total Monthly Association Fees: 0
Association Name: Chapin Rd Townhomes

Number of Buildings: 1

Elementary School: Luellamerr
High School: Westn Hill
Middle School: Leonard
School District: Fort Worth ISD

Luella Merrett Elementary School is a public elementary school located approximately 0.2 miles away.
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Western Hills High School is a public high school located approximately 0.6 miles away.
directions icon Map directions

Leonard Middle School is a public middle school located approximately 1.6 miles away.
directions icon Map directions

Redeemer Lutheran School is a private elementary school located approximately 0.8 miles away.
directions icon Map directions

Gross Income: 58000.00

Source Listing Status: Pending
County: Tarrant
Directions: Keep left to stay on I-30 W, Take exit 7B for TX-183 towards TX-341, Take TX-183 S Alta Mere Dr to Chapin turn right
Source Property Type: Residential Income
Insurance Expense: 3300
Source Neighborhood: Highland Homes Add
Parcel Number: 04813235
Subdivision: Highland Homes Add
Property Subtype: Quadruplex
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$321,147 + $25,000
$346,147
$8,998
2021$323,758 + $25,000
$348,758
$9,374
2020$301,891 + $25,000
$326,891
$8,967
2019$294,183 + $25,000
$319,183
$8,448
2018$209,317 + $25,000
$234,317
$6,445
2017$204,698 + $25,000
$229,698
$6,396
2016$142,498 + $25,000
$167,498
$4,745
2015$139,400 + $24,700
$164,100
$4,707
2014$139,400 + $24,700
$164,100
$4,657
2013$130,100 + $24,700
$154,800
$4,393
2012$92,300 + $24,700
$117,000
$3,320
2011$110,300 + $24,700
$135,000
$3,831
2010$110,300 + $24,700
$135,000
$3,815
2009$203,900 + $24,700
$228,600
$6,461
2008$203,900 + $24,700
$228,600
$6,313
2007$203,900 + $24,700
$228,600
$6,175

Price Changed 2024-06-07
$585,000
NTREIS
Price Changed 2024-06-03
$605,000
NTREIS
Price Changed 2024-04-27
$610,000
NTREIS
Price Changed 2024-04-17
$615,000
NTREIS
Price Changed 2024-03-21
$625,000
NTREIS
Price Changed 2024-02-19
$635,000
NTREIS
Listed 2024-02-05
$645,000
NTREIS
Listing removed 2024-02-05
$610,000
NTREIS
Price Changed 2023-07-06
$610,000
NTREIS
Listed 2023-06-16
$635,000
NTREIS
Sold 2022-01-14
$0
NTREIS
Listed 2021-11-16
$500,000
NTREIS
Sold 2018-05-19
$0
NTREIS
Listed 2018-03-25
$319,990
NTREIS
Sold 2017-06-13
$0
Public Record
Sold 2011-01-18
$0
Public Record
Listing removed 2010-11-30
$110,000
NTREIS
Listed 2010-11-17
$110,000
NTREIS
Listing removed 2010-06-30
$160,000
NTREIS
Relisted 2010-06-04
$160,000
NTREIS
Listing removed 2010-03-04
$160,000
NTREIS
Price Changed 2010-02-23
$160,000
NTREIS
Price Changed 2009-10-17
$199,900
NTREIS
Price Changed 2009-07-08
$209,900
NTREIS
Listed 2009-03-05
$215,000
NTREIS
Sold 2006-02-06
$0
Public Record
Sold 2001-08-07
$0
Public Record

Net Operating Income: 44700
Operating Expense Includes: Insurance, Maintenance Grounds, Manager, Trash, Water/Sewer

Year Built: 1984
Building Area Total: 4298
Construction Materials: Construction: Brick, Siding
Foundation Details: Slab
Levels: Two
Property Age: 40
Roof: Composition
Year Built Details: Preowned

Utilities: City Sewer, City Water
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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.