4124 Morgan Circle, North Richland Hills, Texas 76180

$2,300,000
24
BD
List Price
$2,300,000
MLS#
20148068
Status
ACTIVE
Type
Multifamily
Year Built
1955
Construction Status
Preowned
Bedrooms
24
Full Baths
11
Acres
0.36
County
Tarrant
City
North Richland Hills
Subdivision
Hillview Add
Building Name
N/A

Property Description

This is a rare opportunity to acquire 8 single family rentals in a strong, centrally located DFW metroplex neighborhood. These properties are located within a mile of each other for easy property management. All homes are currently fully leased & cash flowing. These rentals are being marketed and sold as a package. Annual Income is based on Pro forma, expenses are based on actual data. POF & EXECUTED CONTRACT NEEDED BEFORE SHOWING PROPERTIES. DO NOT DISTURB THE CURRENT TENANTS. Properties included in this assemblage are: 4124 Morgan Circle, 4121 Vance Road, 4413 Vance Road, 4518 Vance Road, 4306 Stevens Street (All NRH, 76180) and 7217 Briley Drive, 7301 Winnell Way, 6765 Tabor Street ( All FTW, 76180)

Additional Information

Unexempt Taxes
$5,789
HOA
No HOA
Annual Insurance
8760
Gross Annual Expenses
45634
Gross Annual Income
193655
Lot Size
15,855
Acres
0.36
Lot Description
Few Trees, Subdivision
Subdivided
Subdivided
Interior Features
Other
Flooring
Carpet, Hardwood
Foundation
Pillar/Post/Pier, Slab
Roof
Composition
Stories
1
Street Utilities
City Sewer, City Water, Curbs, Electricity Connected
Heating Cooling
Central
Construction Material
Brick
Garage Spaces
1
Parking Garage
Carport, Garage
Total Num Parking
13
School District
Birdville Isd
Elementary School
Mullendore
Middle School
Norichland
High School
Richland
Possession
Closing/Funding
Building Sq. Ft.
1888
Number of bldgs.
8
Number of units
8
Tenancy
9 Months or Less, Over 9 Months
Possession
Closing/Funding
Cap Rate
6.44

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Richard Farrelly from Coldwell Banker Realty. Contact: 817-924-4144