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Kevin Vander Woude

kevin@thevwgroup.com +1(254) 723-6578

$ 260,000

Est. payment -/mo

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Pending

1420 & 1422 E Mulkey ST Fort Worth, TX 76104

6 Beds

4 Baths

2,100 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Pending

Purchase Type For Sale

Square Footage 2,100 sqft

Price per Sqft $123

Subdivision Ryan Southeast Add

MLS Listing ID 20881253

Bedrooms 6

Full Baths 4

HOA Y/N No

Year Built 2005

Annual Tax Amount $6,644

Lot Size 5,998 Sqft

Acres 0.1377

Property Sub-Type Duplex

Property Description

Duplex Investment Opportunity. House Hack & Build Wealth! This duplex at 1420 E Mulkey St, Fort Worth, TX is a prime opportunity for house hackers and investors alike! Live in one unit while renting out the other for $1,350 a month, drastically reducing your housing costs while building equity. Key Features: Two Units, perfect for rental income or multi-generational living House Hack Potential. Offset your mortgage with rental income $1,350 Monthly Rental Income. Helps cover mortgage and expenses Tiled Floors Throughout. Low maintenance and durable Spacious Kitchen and Living Areas. Ready for your updates Prime Location. Close to highways, shopping, and schools Updated Mortgage Savings Estimate: Purchase Price: $260,000 Down Payment FHA 3.5%: $9,100 Loan Amount: $250,900 Interest Rate 7% Estimate: $1,668 a month P and I Taxes and Insurance Estimate: $300 a month Est Total Monthly Payment: $1,968 Rental Income from One Unit: $1,350 Your Out-of-Pocket Cost: ONLY $618 a month! Potential ROI and Cash Flow: Market Rent for Both Units: $2,700 a month Annual Rental Income If Fully Rented : $32,400 Estimated Annual Expenses Taxes, Insurance, Maintenance: $8,000 Potential Net Income if Fully Rented: $24,400 a year Cash on Cash Return with 3.5% down: 30-35% This is a turnkey investment opportunity that allows you to live for less while building wealth through real estate. Whether you're an investor or a first-time homebuyer, this duplex is a smart move! Call today to schedule a showing!

Location

State TX

County Tarrant

Direction From Downtown Fort Worth: Take I-35W S from downtown. Use Exit 48A for Ripy St toward E Berry St. Turn left onto E Berry St. Turn right onto S Riverside Dr. Turn left onto E Mulkey St. Continue until you reach 1420 E Mulkey St.

Interior

Interior Features Cable TV

Heating Central, Electric

Cooling None

Flooring Ceramic Tile

Fireplace No

Appliance Electric Cooktop

Exterior

Parking Features Other

Pool None

Utilities Available Sewer Available, Water Available, Cable Available

Water Access Desc Public

Roof Type Composition

Total Parking Spaces 2

Garage No

Building

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories One

Schools

Elementary Schools Mg Ellis

Middle Schools Riverside

High Schools Carter Riv

School District Fort Worth Isd

Others

Tax ID 02611716

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20881253

Kevin Vander Woude

Broker | License ID: 602214

+1(254) 723-6578

Kevin Vander Woude

1420 & 1422 E Mulkey ST Fort Worth, TX 76104

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1420 & 1422 E Mulkey ST