NOT LISTED FOR SALE

Estimated Value: $273,000 - $443,528

8 Beds
8 Baths
-- Sq Ft
8,320 Sq Ft Lot

Last Sold July 28, 2023

Current estimated payment $2,953/month

6 Days on Market

About This Home

As of July 2023

This turnkey quadruplex investment property presents a remarkable chance to incorporate a steady and lucrative asset to any portfolio. It consists of four distinct units, each with two bedrooms, one full bath, and one half bath, making it a versatile and valuable investment. The units are around 780 square feet, offering plenty of room for comfortable living, and the property is currently fully leased. Each unit has an average lease of $948 per month. The property's location provides easy access to public transportation, shopping centers, and dining options, which makes it an appealing option for tenants. Investors will appreciate the potential for long-term capital appreciation, with the possibility of gradually increasing rents over time, ensuring a stable and profitable investment for years to come. Don't miss out on this opportunity to add this quadruplex investment property to your portfolio!

Last Agent to Sell the Property

Joel Broyles

Whiterock SFR, LLC License #0523719 Listed on: 06/15/2023

Co-Listed By

Suzanne Pope

Whiterock SFR, LLC License #0607242

Last Buyer's Agent

Rebecca Colocho

The Melendez Real Estate Group License #0755525

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,024

Year Built

  • Built in 1986

Lot Details

  • 8,320

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Bedrooms and Bathrooms

  • 8 Bedrooms

Parking

  • 4 Parking Spaces
  • Common or Shared Parking
  • Parking Lot

Schools

  • Green Wm Elementary School
  • Forest Oak Middle School
  • Wyatt Od High School

Additional Features

  • 2-Story Property
  • 8,320 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 4 Units
  • 3,120 Sq Ft Building
  • Couch J T Add Subdivision

Listing and Financial Details

  • Legal Lot and Block 20R-5 / 6
  • Assessor Parcel Number 05843154
  • $11,398 per year unexempt tax

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,024

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Unit Levels: Two
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: Yes
  • Municipal Utility District Y N: No
  • Net Operation Income: 1
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Ratio Current Price By Building: 128.20513
  • Attribution Contact: 214-922-1983
  • Special Features: None
  • Year Built: 1986

Interior Features

  • Fireplace Features: None
  • Interior Amenities: Other
  • Flooring: Other
  • Appliances: Other
  • Basement YN: No

Beds/Baths

  • Full Bathrooms: 4
  • Half Bathrooms: 4
  • Total Bedrooms: 8

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Roof: Composition
  • Construction Materials: Brick

Garage/Parking

  • Cooling System: Central Air, Electric
  • Number Of Parking Spaces: 4
  • Parking Features: Common, Parking Lot
  • Attached Garage YN: No
  • GarageYN: No

Utilities

  • Heating: Central, Electric
  • Utilities: City Sewer, City Water

Condo/Co-op/Association

  • Complex Name: Couch JT
  • Association Type: None

Schools

  • School District: Fort Worth ISD
  • Elementary School: Green Wm
  • Middle School: Forest Oak
  • High School: Wyatt Od
  • School District: Fort Worth ISD
  • Elementary School: Green Wm

Lot Info

  • Lot Size: Less Than .5 Acre (not Zero)
  • Lot Size Units: Acres
  • Lot Size Area: 0.1910
  • Parcel Number: 05843154
  • Lot Size Acres: 0.1910
  • Lot Size Sq Ft: 8319.9600

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1986
  • Units Total: 4

Multi Family

  • Gross Annual Expenses: 1.00
  • Gross Annual Income: 1.00
  • Insurance Expense: 1
  • Unit Count: 4

Tax Info

  • Unexempt Taxes: 11398
  • TaxBlock: 6
  • Tax Lot: 20R-5

MLS Schools

  • Middle School Name: Forest Oak
  • Elementary School Name: Green Wm
  • High School Name: Wyatt Od

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 18, 2024
Sold by
Mairtindale Estate Holdings Llc
Bought by
Aremu Ayokunnu
Current Estimated Value
$397,382

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,800
Outstanding Balance
$333,600
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$98,023

Purchase Details

Listed on
Jun 15, 2023
Closed on
Jul 19, 2023
Sold by
Ph Op Pkg 6 Llc
Bought by
Martindale Estate Holdings Llc
Seller's Agent
Joel Broyles
Whiterock SFR, LLC
Buyer's Agent
Rebecca Colocho
The Melendez Real Estate Group
List Price
$425,000
Sold Price
$425,000
Views
28

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.79%

Purchase Details

Closed on
Dec 30, 2021
Sold by
Ph Op Pkg 6 Llc
Bought by
Ph Op Pkg 6 Ii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000,000
Interest Rate
3.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 5, 2021
Sold by
Ph Op 1Q Llc
Bought by
Ph Op Pkg 6 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,000,000
Interest Rate
2.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 13, 2021
Sold by
Takala Timothy
Bought by
Ph Op 1Q Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,000,000
Interest Rate
2.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 29, 2018
Sold by
Bowers Homes Llc
Bought by
Takala Timothy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,500
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 7, 2018
Sold by
Stults Shelley
Bought by
Bowers Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,840
Interest Rate
4.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 30, 2008
Sold by
Casa Santa Lp
Bought by
Stults Shelley

Purchase Details

Closed on
Nov 4, 2008
Sold by
Miller Glenn
Bought by
Casa Santa Lp

Purchase Details

Closed on
Sep 5, 2006
Sold by
U S Bank Na
Bought by
Miller Glenn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,800
Interest Rate
6.47%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 7, 2006
Sold by
Moore Paul and Moore Vicky
Bought by
Mortgage Electronic Registration Systems

Purchase Details

Closed on
Mar 3, 2004
Sold by
Lynch Gloria D
Bought by
Moore Paul and Moore Vicky

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,600
Interest Rate
8.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Aremu Ayokunnu -- Fidelity Title
Martindale Estate Holdings Llc $1,600,000 None Listed On Document
Ph Op Pkg 6 Ii Llc $66,500,000 New Title Company Name
Ph Op Pkg 6 Ii Llc -- New Title Company Name
Ph Op Pkg 6 Llc -- New Title Company Name
Ph Op 1Q Llc -- Simplified Title Company Llc
Takala Timothy -- None Available
Bowers Homes Llc -- None Available
Stults Shelley -- Rtt
Casa Santa Lp $31,051 None Available
Miller Glenn -- None Available
Mortgage Electronic Registration Systems $154,231 None Available
Moore Paul -- Safeco Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aremu Ayokunnu $336,800
Previous Owner Ph Op Pkg 6 Ii Llc $50,000,000
Previous Owner Ph Op Pkg 6 Ii Llc $50,000,000
Previous Owner Ph Op Pkg 6 $15,000,000
Previous Owner Takala Timothy $232,500
Previous Owner Bowers Homes Llc $243,840
Previous Owner Miller Glenn $136,800
Previous Owner Moore Paul $143,650
Previous Owner Moore Paul $117,600
Previous Owner Lynch Gloria $42,000
Previous Owner Lynch James H $52,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2023 07/28/23 Sold -- -- --
06/21/2023 06/21/23 Pending -- -- --
06/15/2023 06/15/23 For Sale $425,000 -- --
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 $9,024 $402,144 $5,000 $397,144
2023 $9,843 $434,995 $5,000 $429,995
2022 $11,398 $438,462 $5,000 $433,462
2021 $8,039 $293,064 $5,000 $288,064
2020 $5,849 $221,000 $2,000 $219,000
2019 $6,079 $221,000 $2,000 $219,000
2018 $4,632 $168,378 $2,000 $166,378
2017 $4,583 $161,757 $2,000 $159,757
2016 $4,338 $153,115 $2,000 $151,115
2015 $2,867 $101,000 $2,000 $99,000
2014 $2,867 $101,000 $2,000 $99,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20292095

North Texas Real Estate Information Systems (NTREIS)

APN: 05843154