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Tara Goodman

taragoodman1@gmail.com +1(703) 898-4125

$ 260,000

Est. payment | -/mo

6 Beds

4 Baths

5,998 Sqft Lot

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$ 260,000

Est. payment | -/mo

Save Virtual Tour

6 Beds

4 Baths

5,998 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision Ryan Southeast Add

MLS Listing ID 20881253

Bedrooms 6

Full Baths 4

HOA Y/N None

Total Fin. Sqft 2100

Year Built 2005

Annual Tax Amount $6,644

Lot Size 5,998 Sqft

Acres 0.1377

Property Sub-Type Duplex

Property Description

Duplex Investment Opportunity. House Hack & Build Wealth! This duplex at 1420 E Mulkey St, Fort Worth, TX is a prime opportunity for house hackers and investors alike! Live in one unit while renting out the other for $1,350 a month, drastically reducing your housing costs while building equity. Key Features: Two Units, perfect for rental income or multi-generational living House Hack Potential. Offset your mortgage with rental income $1,350 Monthly Rental Income. Helps cover mortgage and expenses Tiled Floors Throughout. Low maintenance and durable Spacious Kitchen and Living Areas. Ready for your updates Prime Location. Close to highways, shopping, and schools Updated Mortgage Savings Estimate: Purchase Price: $260,000 Down Payment FHA 3.5%: $9,100 Loan Amount: $250,900 Interest Rate 7% Estimate: $1,668 a month P and I Taxes and Insurance Estimate: $300 a month Est Total Monthly Payment: $1,968 Rental Income from One Unit: $1,350 Your Out-of-Pocket Cost: ONLY $618 a month! Potential ROI and Cash Flow: Market Rent for Both Units: $2,700 a month Annual Rental Income If Fully Rented : $32,400 Estimated Annual Expenses Taxes, Insurance, Maintenance: $8,000 Potential Net Income if Fully Rented: $24,400 a year Cash on Cash Return with 3.5% down: 30-35% This is a turnkey investment opportunity that allows you to live for less while building wealth through real estate. Whether you're an investor or a first-time homebuyer, this duplex is a smart move! Call today to schedule a showing!

Location

State TX

County Tarrant

Direction From Downtown Fort Worth: Take I-35W S from downtown. Use Exit 48A for Ripy St toward E Berry St. Turn left onto E Berry St. Turn right onto S Riverside Dr. Turn left onto E Mulkey St. Continue until you reach 1420 E Mulkey St.

Interior

Interior Features Cable TV Available

Heating Central, Electric

Cooling None

Flooring Ceramic Tile

Appliance Electric Cooktop

Heat Source Central, Electric

Exterior

Utilities Available City Sewer, City Water

Roof Type Composition

Total Parking Spaces 2

Garage No

Building

Story One

Foundation Slab

Level or Stories One

Structure Type Brick

Schools

Elementary Schools Mg Ellis

Middle Schools Riverside

High Schools Carter Riv

School District Fort Worth Isd

Others

Ownership Padua Partners Acquisitions LLC

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Virtual Tour https://my.matterport.com/show/?m=GiCwXk8Bz3M

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Aaron Jistel • Listing Spark

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(703) 898-4125

taragoodman1@gmail.com

1420 & 1422 E Mulkey Street Fort Worth, TX 76104

Tara Goodman

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1420 & 1422 E Mulkey Street