1501 W Morphy Street, Fort Worth, Texas, 76104

Listed by League Real Estate, Ross Utley, 817-368-7887
$800,000
4,552 Sqft
0.12 Acres
9 bd
4 ba
#21428349
UPDATED FINANCIALS! 1501 W Morphy presents an attractive multifamily investment opportunity, combining 100% occupancy, stabilized cash flow, and a prime urban infill location in Fort Worth's highly sought-after Fairmount neighborhood. Located just one block from Magnolia Avenue, this income-producing fourplex features a well-balanced unit mix consisting of three 2-bedroom, 1-bathroom units and one 3-bedroom, 1-bathroom unit. Significant capital improvements include a roof replacement in 2014, along with plumbing, HVAC, and electrical upgrades completed in 2016. Residents benefit from walkable access to Magnolia Avenue's popular dining and entertainment destinations, including Salsa Limón, Maggie's R&R, Melt Ice Cream, and numerous other neighborhood amenities. With established in-place rental income, historical capital improvements, and proximity to Fort Worth's Medical District and Near Southside, 1501 W Morphy offers investors the opportunity to acquire a stabilized multifamily asset in an established urban infill location. Capitalize on this opportunity to add a fully occupied, income-producing asset to your investment portfolio. Contact the listing broker for additional financial information, property details, and to discuss this investment opportunity.

PROPERTY FEATURES

  • 4 Unit(s)
  • Utilities : City Sewer,City Water
  • Parking Features: Driveway,On Street
  • 3 Parking Space(s)
  • Lot Features : Composition
  • Construction Materials: Brick
  • Levels : Two
  • Green Verification Count : 0
  • Title Company Preferred: McKnight Title - V. Lee
PROPERTY DETAILS
ID: 21428349
Status: Active
Price: $800,000
Acres: 0.12 Acres
Price Per Acre: $6,956,522
Type: Multi-family
Address: 1501 W Morphy Street
City, State: Fort Worth, Texas
County: Tarrant
Zip Code: 76104
Lat/Long: 32.729234, -97.342223
Presented By: Ross Utley
Phone: 817-368-7887
Email: Click to Contact