Hemphill Heights TriPlex!

2820 May St, Fort Worth, TX 76110

$310,000 After Repair Value -
$165,000 Asking Price -
$75,000 Cost of Repairs =
$70,000 Potential Profit

Property Details

Asking Price $165,000

After Repair Value $310,000

Costs of Repairs $75,000

Potential Profit $70,000

Living Area 2440 ft2

Property Type TriPlex

Bedrooms 5

Bathrooms 3

Half Bathrooms 0

Parking 0

Listed with Agent No

Property Description

Really cool TriPlex in Hemphill Heights. There is a single 3/1 unit, and two separate 1/1 units. The 1/1 units are NOT efficiencies or studios, but are actual 1/1 apartments. Total rent after updates is around $2,800/month. Flipping it would require some considerable rearranging of the layout, but flipped comps around this square footage are strong at $310k+.

Repairs Needed

Depends on investment strategy. Needs a new roof, some foundation leveling (pier and beam), and new hvac systems for each unit. May be able to get away with a couple window units for each of the 1/1 units. Flip comps are strong but that would require a significant reworking of layout. It is pier and beam so the investor with the right crew shouldn\'t have too much difficulty with it.


Get direct access to the seller

Save as Favorite
Write a Note

Ask the Seller

Questions on 2820 May St, Fort Worth TX

Waiting for the seller to respond your question.

This form is for general questions only. Asking for personal information is not allowed.

Nearby Deals

Some random deals around the area (20)

Hundreds of properties in Texas! Check Deals in Texas