3425 and 3427 Republic Drive, Forest Hill, Texas, 76140
$374,975
2,600 Sqft
0.09 Acres
6 bd
4 ba
#21383328
Turnkey Full Duplex in Forest Hill – High-Yield Investment Opportunity Excellent opportunity to acquire a cash-flowing, renovated, low-maintenance full duplex located at 3425 & 3427 Republic Dr, Forest Hill, TX. Perfect for a portfolio addition or a house-hack investor looking to live in one side while letting the neighboring tenant pay down the mortgage. Financial and Property Highlights: • Strong Performance Metrics: Delivering an incredible 7.56% Cap Rate for self-managed owners, or a strong 6.78% Cap Rate under professional management. • Clean Operational Structure: Tenants pay 100% of all utilities (individually metered for electric, water, and trash), leaving zero seasonal utility risk or overhead drag for the owner. • Immediate Cash Flow & Showings: Unit 3425 is currently occupied by a stable tenant paying $1,600 per month. Unit 3427 is intentionally vacant, freshly prepared for immediate buyer showings, and has a proven historical rental rate of $1,600 per month. • Major Capital Expense Completed: Features a brand-new roof (Oct 2026), significantly reducing any near-term maintenance exposure and securing your equity. • Low Fixed Expenses: Total documented holding costs include $5,279.87 in annual property taxes and $1,640.19 in annual property insurance. Property Layout: Each side features a spacious, highly functional 3-bedroom, 2-bathroom layout (6 bedrooms and 4 bathrooms total across the entire asset, totaling approximately 2,600 square feet). Units feature functional open concepts, durable flooring tailored for tenant longevity, and ample dedicated parking. Positioned in a high-demand rental submarket of Tarrant County with easy transit access across the DFW Metroplex, this asset is optimized for long-term equity growth and steady monthly yields. Excludes: All tenants personal property.
PROPERTY FEATURES
- 2 Unit(s)
- Utilities : City Sewer,City Water,Concrete,Electricity Available,Individual Water Meter,Underground Utilities
- Parking Features: Assigned
- 4 Parking Space(s)
- 4 Carport Spaces
- Fencing : Fenced,Wood
- Lot Features : Shingle
- Cooling: Ceiling Fan(s),Central Air,Electric
- Heating : Central,Electric
- Construction Materials: Brick
- Foundation Details: Slab
- Interior Features: Cable TV Available,High Speed Internet Available,Open Floorplan,Other,Pantry,Walk-In Closet(s)
- Fireplaces Number : 2
- Fireplace Features: Brick,Wood Burning
- Appliances : Electric Range,Microwave,Refrigerator
- Flooring : Ceramic Tile
- Levels : One
- Green Verification Count : 0
- Title Company Preferred: Capital Title Inc
PROPERTY DETAILS
ID: 21383328
Status: Active
Price: $374,975
Acres: 0.09 Acres
Price Per Acre: $4,166,389
Type: Multi-family
Address: 3425 and 3427 Republic Drive
City, State: Forest Hill, Texas
County: Tarrant
Zip Code: 76140
Lat/Long: 32.648167, -97.270291
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