3248 Matthews Drive

Fort Worth, TX 76118

$559,000
Price
6
Beds
5
Baths
1
1/2 Bath
4,818 Sq. Ft.
$116 / Sq. Ft.
4,818
Sq. Ft.
$116
per Sq. Ft.

Description

Fantastic opportunity to own a great income producing asset in North Richland Hills. Side A of the duplex rents for $1,500 per month and is currently occupied with a lease that ends in May. Side B contains 3 traditional bedrooms, as well as 5 bonus rooms that can be rented out for $550 per month. Side B currently generates $4,615 per month with the owner paying for utilities. Please email for any questions.

Property Details for 3248 Matthews Drive

Subdivision Name
Matthews Resub Lt #9
MLS Area Major
N RICHLAND HILLS/RICHLAND HILLS AREA (127)
School District
Birdville ISD
Pool
No
Number Of Parking Spaces
1

Location

Listing Courtesy of KS Bartlett Real Estate, Lyndon Bartlett

Property Details for 3248 Matthews Drive

StatusActive
MLS #14540328
Days on Market79
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Full Duplex
Year Built1979
Lot Size0.31 AC / 13,590 SF
CountyTarrant County

Contact a Compass agent

Location

Listing Courtesy of KS Bartlett Real Estate, Lyndon Bartlett

Building Information for 3248 Matthews Drive

Stories-Residences-Year Built1979Building Size-Lot Size0.31 AC / 13,590 SF

Payment Calculator

$1,873 per month

30 year fixed, 2.95% Interest

Principal and Interest

$1,873

Property Taxes

HOA Dues

$0

Property Information for 3248 Matthews Drive

Summary
    Location and General Information
  • Complex Name: Matthews
  • MLS Area Minor: RICHLAND HILLS-SOUTH OF 820 (2)
  • Directions: From 820 South exit Baker-Hurst going west. Left on Matthews. Duplex will be on the left. You can park in the City Hall parking lot across the street.
  • Elementary School: Richland
  • High School Name: Birdville
  • Middle School: Richland
  • Year Built Details: Preowned
    Parking
  • Parking Features: Garage-Detached, Front, Garage
    Taxes and HOA Information
  • Taxes: $6,319
  • Tax Legal Description: MATTHEWS RESUB/LT #9 LOT F
  • Association Type: None
Agent Information
    Showing and Remarks
  • Public Remarks: Fantastic opportunity to own a great income producing asset in North Richland Hills. Side A of the duplex rents for $1,500 per month and is currently occupied with a lease that ends in May. Side B contains 3 traditional bedrooms, as well as 5 bonus rooms that can be rented out for $550 per month. Side B currently generates $4,615 per month with the owner paying for utilities. Please email for any questions.
Interior and Exterior Features
    Interior Features
  • Heating: Central Air-Elec, Central Heat-Elec
  • Interior Features: High Speed Internet Available
  • Other Equipment: Dishwasher, Range/Oven-Electric
    Exterior Features
  • Building Area Source: Owner
  • Construction Materials: Brick, Siding
  • Exterior Features: Gutters
  • Fencing: Wood
  • Foundation Details: Slab
  • Number Of Stories: 1
  • Roof: Composition
  • Waterfront: No
Property
    Utilities
  • Utilities: City Sewer, City Water
    Property and Assessments
  • Financing Proposed: Cash, Conventional
  • Handicap: No
  • Loan Type: Treat As Clear
  • Security System: No
    Lot Information
  • Lot Features: Some Trees
  • Lot Number: F
  • Lot Size Area: 0.312
  • Lot Size Units: Acres
  • Multi Parcel ID: No
  • Parcel Number: 01651927
Multi Family
    Multi Family Information
  • Number Of Buildings: 1
  • SQFT Building: 4818
  • Capitalization Rate: 10.98
  • Gross Annual Expenses: $12,000
  • Gross Annual Income: $73,380
  • Insurance Expense: $2,500
  • Net Annual Income: $61,380
  • Tenancy: Month to Month
    Unit 1
  • Dining Area Length: 14
  • Dining Area Width: 7
  • Kitchen Length: 10
  • Kitchen Width: 13
  • Lease: 1500
  • Living Area Length: 14
  • Living Area Width: 14
  • Primary Bed Length: 13
  • Primary Bed Width: 14
  • Number Of Baths Full: 2
  • Number Of Baths Half: 0
  • Number Of Beds: 3
  • Number Of Units: 1
  • Sq Ft: 1318
    Unit 2
  • Dining Area Length: 10
  • Dining Area Width: 13
  • Kitchen Length: 10
  • Kitchen Width: 18
  • Lease: 4615
  • Living Area Length: 16
  • Living Area Width: 21
  • Primary Bed Length: 1
  • Primary Bed Width: 1
  • Number Of Baths Full: 3
  • Number Of Baths Half: 1
  • Number Of Beds: 3
  • Number Of Units: 1
  • Sq Ft: 3500

Property History for 3248 Matthews Drive

DateEvent & SourcePriceAppreciation
Apr 9, 2021

Price Change

NTREIS #14540328

$559,000
Mar 25, 2021

Listed (Active)

NTREIS #14540328

$560,000
DateEvent & SourcePrice
04/09/2021

Price Change

NTREIS #14540328

$559,000
03/25/2021

Listed (Active)

NTREIS #14540328

$560,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 3248 Matthews Drive


SchoolTypeGradesDistanceRating
Richland Elementary SchoolPublicPK-50.3 mi
4
HomeboundPublicK-120.9 mi
NR
Richland Middle SchoolPublic6-81.1 mi
4
Shannon High SchoolPublic9-121.1 mi
3

Richland Elementary School

PK-5, 0.3 mi, Public

4

Homebound

K-12, 0.9 mi, Public

NR

Richland Middle School

6-8, 1.1 mi, Public

4

Shannon High School

9-12, 1.1 mi, Public

3

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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3248 Matthews Drive is a multi-family home for sale in Fort Worth, TX 76118. This property was listed for sale on March 25, 2021 by KS Bartlett Real Estate at $559,000. This listing's school district is Birdville Independent School District. Nearby schools include Richland Elementary School, Homebound and Richland Middle School. 3248 Matthews Drive is a 6-bed, 5.5-bath, 4,818 sqft multi-family home built in 1979. This address can also be written as 3248 Matthews Dr.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KS Bartlett Real Estate, Lyndon Bartlett

The information being provided by North Texas Real Estate Information Systems (NTREIS) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. This website may reference real estate listing(s) held by a brokerage firm other than Compass. Any information relating to real estate for sale in Dallas, Texas comes from NTREIS. Listings marked with an icon are provided courtesy of the NTREIS Internet Data Exchange database. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with appropriate professionals.The data contained herein is copyrighted by NTREIS and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 North Texas Real Estate Information Systems. All rights reserved. Date last updated: 05/24/2021 11:15 AM