For Sale
$464,000

5656 5816 Giddyup Ln FtFort Worth, TX 76179

Class A townhomes, 100% occupied, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents two Class A townhomes, built in 2005 and renovated in 2019, located on the same street in the desirable 76179 zip code of Fort Worth, Texas, within the Eagle Mountain ISD school district. The property boasts a total of 2,418 square feet, encompassing two units, each with its own two-car carport. Currently 100% occupied since September 1, 2022, this stabilized portfolio offers a compelling 6.01% cap rate and a strong net operating income (NOI) of $27,878. Each unit features upgraded finishes including paint, tile, and granite countertops. The HOA conveniently handles lawn maintenance, minimizing management responsibilities. The property's excellent condition, coupled with strong tenant occupancy and high demand in this area, ensures a stable and potentially appreciating asset. This turnkey investment is perfect for a seasoned investor seeking a stable portfolio or a new investor looking for a strong entry point into the market. The asking price is $464,000, representing $232,000 per unit, reflecting current market values. This offering is structured as a Tenant in Common (TIC) ownership and qualifies for a 1031 exchange.

Highlights

  • Class A townhomes, 2005 construction.
  • Adjacent townhomes on a single street.
  • Located in Eagle Mountain ISD (76179 zip code).
  • Granite countertops and stainless steel appliances.
  • 100% occupied, stable asset.
  • Well-maintained with professional management.

Property Details for 5656 5816 Giddyup Ln Ft

Property type
Residential income homes
Square Feet
2,418 SF
Class
A
Year Built/Renovated
2005/2019
Buildings
2
Stories
2
Units
2

Location Insight

City
Fort Worth
County
Tarrant
State
Texas
Latitude
32.8434405
Longitude
-97.3824455
5656 5816 Giddyup Ln Ft, Fort Worth, Texas

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5656 5816 Giddyup Ln Ft
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