5938 Kilpatrick Avenue

Fort Worth, TX 76107

$1,200,000
Price
12
Beds
12
Baths
2,725 Sq. Ft.
$440 / Sq. Ft.
2,725
Sq. Ft.
$440
per Sq. Ft.

Description

Investment opportunity to own 12 one-bed one-bath brick units. 100% leased. Located on Bryant Irving & Kilpatrick, these units have a manageable commute to downtown, the medical district and most of Ft. Worth. Of the 12, eight have been updated as tenants have moved out over time. Rents are under market from 30%-40% and present the opportunity to have a higher cap rate.Investment opportunity to own 12 one-bed one-bath brick units. 100% leased. Located on Bryant Irving & Kilpatrick, these units have a manageable commute to downtown, the medical district and most of Ft. Worth. Of the 12, eight have been updated as tenants have moved out over time. Rents are under market from 30%-40% and present the opportunity to have a higher cap rate.

Property Details for 5938 Kilpatrick Avenue

Subdivision Name
Chamberlain Arlington Heights 2nd
Pool
No
Garage Spaces
0
Number Of Parking Spaces
15

Location

Listing Courtesy of Keller Williams Realty, Link Karlen; Keller Williams Realty, Sharon Parnell
Add your commute
LISTING UPDATED: 04/30/2024 03:08 PM

Property Details for 5938 Kilpatrick Avenue

StatusActive
MLS #20571311
Days on Market33
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fourplex
Year Built1958
Lot Size0.14 AC / 6,272 SF
CountyTarrant County

Location

Listing Courtesy of Keller Williams Realty, Link Karlen; Keller Williams Realty, Sharon Parnell
Add your commute

Building Information for 5938 Kilpatrick Avenue

Stories1Residences12Year Built1958Building Size-Lot Size0.14 AC / 6,272 SF

Payment Calculator

$6,899 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,549

Property Taxes

$350

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5938 Kilpatrick Avenue

Summary
Location and General Information
  • Block: 322
  • Complex Name: Chamberlain Arlington Hei
  • Directions: From Bryant Irving turn on Kilpatrick. All three will be in the North side of the road.
  • Elementary School: Como
  • Elementary School Name: Como
  • High School: Arlngtnhts
  • High School Name: Arlngtnhts
  • Middle School: Monnig
  • Senior Community Yes/No: No
  • Year Built Details: Preowned
  • School District: Fort Worth ISD
  • Geocode Confidence: High
  • Latitude: 32.72
  • Longitude: -97.41
  • State: Texas
Parking
  • Parking Features: Assigned, Common
  • Carport Spaces: 0
  • Parking Spaces Covered Total: 0
  • Garage: No
Taxes and HOA Information
  • Tax Legal Description: CHAMBERLAIN ARLINGTON HTS 2ND BLOCK 322 LOT 2
  • Association Type: None
  • Tax Lot: 25
Virtual Tour
Interior and Exterior Features
Interior Features
  • Flooring: Other
  • Appliances: Electric Range
  • Cooling: Wall/Window Unit(s)
Exterior Features
  • Building Area Source: Public Records
  • Construction Materials: Brick
  • Foundation Details: Slab
  • Number Of Stories: 1
  • Roof: Composition
  • Number Of Units Total: 12
  • Levels: One
Property
Utilities
  • Utilities: City Sewer, City Water
Property and Assessments
  • Accessory Unit: No
  • Financing Proposed: 1031 Exchange, Cash, Conventional
  • Handicap: No
  • Loan Type: Treat As Clear
  • Property Match: APN
Lot Information
  • Lot Size Acres: 0.144
  • Lot Size Area: 0.144
  • Lot Size Units: Acres
  • Lot Size Square Feet: 6272.64
  • Multi Parcel ID: Yes
  • Parcel Number: 00518085
  • Parcel Number 2: 00518077, 00518069
Multi Family
Multi-Family Information
  • Number Of Buildings: 3
  • Capitalization Rate: 7.10%
  • Gross Annual Income: $96,900
  • Net Operation Income: $85,238.00
Unit 1
  • Approximate SQFT: 681.0
  • Living Area Length: 1.0
  • Living Area Width: 1.0
  • Number Of Baths Full: 1
  • Unit Type Type: 1 Bedroom
  • Unit Type Units Total: 1

Property History for 5938 Kilpatrick Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 5938 Kilpatrick Avenue

Taxable ValueLand$43,750Additions$140,552Total$184,302
Tax Record2023$4,200 ($350 / month)
Home Facts
Total Finished SqFt2,725 SqFtAbove Grade Finished SqFt2,725 SqFtStories1Lot Size6,247 SqFtStyleTriplexYear Built1958CountyTARRANTAPN-7000--322---25---20

Schools near 5938 Kilpatrick Avenue

This home is within Fort Worth Independent School District.
Rating
School
Type
Grades
Distance
Charter - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Como Elementary School
CharterPK to 5

Monnig Middle School
Public6 to 8

Arlington Heights High School
Public9 to 12

Como Montessori
PublicK to 8

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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5938 Kilpatrick Avenue is a multi-family home for sale in Fort Worth, TX 76107. This property was listed for sale on March 27, 2024 by Keller Williams Realty, it's currently listed at $1,200,000. This listing's school district is Fort Worth Independent School District. Nearby schools include Como Elementary School, Monnig Middle School and Arlington Heights High School. 5938 Kilpatrick Avenue is a 12-bed, 12-bath, 2,725 sqft multi-family home built in 1958.

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. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty, Link Karlen; Keller Williams Realty, Sharon Parnell

The information being provided by North Texas Real Estate Information Systems (NTREIS) and Greater Tyler Association of REALTORS 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 2024 North Texas Real Estate Information Systems. All rights reserved. Date last updated: 04/30/2024 03:08 PM