$265,000
SOLD AUG 19, 2025
Last list price
3 Beds
2 Baths
1,015 Sq Ft
6,273 Sq Ft Lot

Recently Sold

$261 Per Sq Ft

8 Days on Market

Highlights

  • Deck
  • Corner Lot
  • Covered Patio or Porch
  • Engineered Wood Flooring
  • Private Yard
  • Bay Window

About This Home

As of August 2025

INVESTOR SPECIAL!! 2-FOR-THE-PRICE-OF-1 RENTAL PROPERTIES!! (and it's hard to even find a Single Family at that price!) This multi-unit property is being sold at a 15%+ cap rate. This oversized, corner lot near TCU and zoned for Pascal High School has the location and the perfect revenue generating set-up for your next investment. Beautiful mature trees and ample street parking make this quiet neighborhood an easy pick.

The front house is a historic 2-1 with a spacious, fenced-in backyard, brick fireplace and is ready for rental with minor cosmetic repairs. The back house is a 1-1 tiny home also ready to rent with it's own front patio, fenced-in backyard and in-unit laundry. The air conditioners in both units are new within the last 2 years. The property is being sold AS IS with appliances conveying with the property to keep your start-up expenses LOW!

Last Agent to Sell the Property

Shannon Mitchell

TallGrass Real Estate, LLC Brokerage Phone: 210-849-5558 License #0704655 Listed on: 07/07/2025

Last Buyer's Agent

Beth Caraway

Burt Ladner Real Estate LLC License #0610118

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,122

Year Built

  • Built in 1936

Lot Details

  • 6,273 Sq Ft Lot
  • Wood Fence
  • Aluminum or Metal Fence
  • Corner Lot
  • Few Trees
  • Private Yard
  • Back Yard

Parking

  • On-Street Parking

Home Design

  • Pillar, Post or Pier Foundation
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Fireplace Features Masonry
  • Window Treatments
  • Bay Window
  • Living Room with Fireplace
  • Home Security System
  • Dryer

Kitchen

  • Gas Range
  • Disposal

Flooring

  • Engineered Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Eco-Friendly Details

  • ENERGY STAR Qualified Equipment

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Fire Pit

Schools

  • Conteras Elementary School
  • Paschal High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 32 / 1
  • Assessor Parcel Number 02902044

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • 1,015 Sq Ft Building
  • South Summit Heights Add Subdivision

Building Details

  • Gross Income $56,400
  • Net Operating Income $50,514

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,122

Year Built

Built in 1936

Lot Details

0

Listing Details

  • OWNERNAME: Shannon Mitchell
  • Property Type: Residential Income
  • Unit Levels: One
  • Security: Security System
  • Year Built Details: Preowned
  • Attribution Contact: 210-849-5558
  • CapRate: 19.06
  • Co List Office Mls Id: TLLG00FW
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Year Built: 1936

Interior Features

  • Windows: Bay Window(s), Window Coverings
  • Fireplace Features: Living Room, Masonry
  • Interior Amenities: Walk-In Closet(s)
  • Flooring: Simulated Wood, Tile
  • Appliances: Dryer, Disposal, Gas Range, Refrigerator
  • Basement YN: No
  • Fireplaces: 1

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 3

Exterior Features

  • Foundation: Pillar/Post/Pier
  • Community Features: Sidewalks
  • Fencing: Metal, Wood
  • Roof: Composition
  • Construction Materials: Fiber Cement
  • Exterior Features: Fire Pit, Private Yard
  • Pool Features: None
  • Waterfront: No
  • Patio And Porch Features: Covered, Deck

Garage/Parking

  • Cooling System: Central Air, ENERGY STAR Qualified Equipment
  • Parking Features: On Street
  • Attached Garage YN: No
  • GarageYN: No

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Utilities: Electricity Connected, Natural Gas Available, Sewer Available, Separate Meters, Water Available
  • Heating Yn: Yes

Schools

  • Elementary School: Conteras
  • High School: Paschal
  • Junior High Dist: Fort Worth ISD

Lot Info

  • Lot Features: Back Yard, Corner Lot, Lawn, Few Trees
  • Lot Size Units: Acres
  • Lot Size Area: 0.144
  • Parcel Number: 02902044
  • Lot Size Acres: 0.144
  • Lot Size Sq Ft: 6272.64

Building Info

  • Year Built: 1936
  • Units Total: 2
  • SeniorCommunityYN: No

Multi Family

  • Insurance Expense: 1764.0
  • Annual Gross Income: 56400.0
  • Property Net Operating Income: 50514.0

Tax Info

  • TaxBlock: 1
  • Tax Lot: 32
  • Tax Annual Amount: 3122.0

MLS Schools

  • MiddleOrJuniorSchool: Mclean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 24, 2013
Sold by
Trinity River Investment Llc
Bought by
Myers Shannon Brooke and Myers Stephen Bradley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,410
Outstanding Balance
$18,195
Interest Rate
4.46%
Mortgage Type
New Conventional
Estimated Equity
$241,760

Purchase Details

Closed on
Nov 3, 2000
Sold by
Masters Louisa and Masters Mowdy Louisa
Bought by
Gonzalez Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,525
Interest Rate
7.87%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 16, 1997
Sold by
Phillips Jim
Bought by
Masters Louise

Purchase Details

Closed on
Jan 9, 1995
Sold by
Hud
Bought by
Phillips Jim

Purchase Details

Closed on
Aug 29, 1994
Sold by
Fleet Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Aug 2, 1994
Sold by
Schmidt Thomas L
Bought by
Fleet Mtg Corp
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Vendors Lien -- Rattikin Title Comapny
Vendors Lien -- Commonwealth Land Title
Quit Claim Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Trustee Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $67,410 New Conventional
Previous Owner $34,536 Unknown
Previous Owner $30,000 Unknown
Previous Owner $57,525 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2025 08/19/25 Sold -- -- --
07/15/2025 07/15/25 Pending -- -- --
07/07/2025 07/07/25 For Sale $265,000 -- $261 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,764 $218,100 $37,500 $180,600
2023 $2,862 $225,641 $37,500 $188,141
2022 $2,990 $115,000 $25,000 $90,000
2021 $3,155 $115,000 $25,000 $90,000
2020 $3,044 $115,000 $25,000 $90,000
2019 $3,026 $115,000 $25,000 $90,000
2018 $2,256 $100,000 $11,000 $89,000
2017 $2,633 $100,000 $11,000 $89,000
2016 $2,393 $101,139 $11,000 $90,139
2015 $1,850 $76,800 $11,000 $65,800
2014 $1,850 $76,800 $11,000 $65,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20992911

North Texas Real Estate Information Systems (NTREIS)

APN: 02902044