5404 Graham StFort Worth, TX 76114

For Sale
$424,000

Four-unit rental portfolio, high potential.

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional value-add investment opportunity consists of two duplexes totaling four units, situated on spacious lots in Fort Worth, Texas. Built in 1945, the property boasts 2,704 square feet of net rentable space, currently achieving a 75% occupancy rate. The asking price is $424,000, translating to $106,000 per unit and $156.80 per square foot. The current Net Operating Income (NOI) stands at $13,939, yielding a 3.29% cap rate. However, significant upside potential exists through renovations and rent increases, projected to boost the NOI to $34,439 and the cap rate to 8.12%. Each unit includes two parking spaces. The property's convenient location near Azle Avenue and Highway 820 offers easy access to major thoroughfares. Mature trees and a well-established neighborhood add to the property's appeal. This is an ideal investment for those seeking to enhance returns through property improvements and capitalize on the strong rental market in Fort Worth. The property is individually owned and located at 5404 Graham St, Fort Worth, TX 76114, within Tarrant County.

Highlights

  • $424,000 asking price for a four-unit multifamily property in Fort Worth, Texas.
  • Value-add investment opportunity with a 3.29% current cap rate and a pro-forma cap rate of 8.12%.
  • 2,704 square feet total, with a price per square foot of $156.80.
  • Currently 75% occupied, generating a net operating income (NOI) of $13,939, with a pro-forma NOI of $34,439.
  • Two buildings, each a duplex, built in 1945, situated on large lots with mature trees.
  • Located at 5404 Graham St, Fort Worth, TX 76114, convenient to Azle Ave and Highway 820.

Property Details for 5404 Graham St

Property type
Multifamily properties, Residential income homes
Square Feet
2,704 SF
Year Built
1945
Buildings
2
Stories
1
Units
4

Location Insight

City
Fort Worth
County
Tarrant
State
Texas
Latitude
32.808648301291
Longitude
-97.401491417074
5404 Graham St, Fort Worth, Texas

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5404 Graham St
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