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.
- Property TypeMulti-Family
- NeighborhoodNorth Fort Worth
- CountyTarrant
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site19 Days
- MLS StatusActive
- MLS ID Number20731963
- Home Size Source Owner
- Year Built1935
- Lot Size0.115 Acres
- Full Baths3
- Partial BathsN/A
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General Features
- Construction Frame
- Parking Garage
- Number of Stories 1
- Acreage 0.115
- Security Smoke Detector(s)
- Property Sub Type Duplex
- Garage Spaces 2
- Attached Garage No
- Foundation Pillar/ Post/ Pier
- Listing Conditions Standard
Interior Features
- Cooling Ceiling Fan(s)Central AirElectricZoned
- Heating CentralElectricZoned
- Appliances Electric RangeGas RangeGas Water HeaterRefrigerator
- Flooring Vinyl
- Interior Cable TV Available
- Fireplaces 0
- Window Features Window Coverings
Exterior Features
- Roof Composition
- Fencing Chain Link
- Waterfront Property No
- Exterior Covered Patio/ Porch
- Lot Corner Lot
- Patio And Porch CoveredFront PorchSide Porch
Community Features
- Senior Community No
- Security Features Smoke Detector(s)