Fully Renovated
For Sale
$850,000
115 Peachtree Ct, Kennedale, TX 76060
A fully renovated, fully occupied fourplex with fenced backyards and ally access for front and rear parking.
Property Size4,492 SF
Price / SF$189.23
Days on Market97
Property Features for 115 Peachtree Ct
General Information
Standard status
Active
Size
4,492 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Fenced Yard
Yes
Multifamily Units
4
Building Details
Year Built
1984
Listing Agency:
Regal, REALTORS
Listed By:
Gil Cohen · License #0652573
(469) 610-0066
Source:
Christenberrygroup
Added: Jul 25
Changed: Oct 25
Last Checked: Oct 7 at 1:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Regal, REALTORS
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Investment Insights
Based on property information with market context.
This fully renovated fourplex is currently fully occupied and configured as two 3-bedroom, 2-bath units and two 2-bedroom, 2-bath units. Each unit features a spacious living room, a dining area, renovated kitchens with white quartz countertops and stainless steel appliances, and renovated bathrooms with quartz countertops. Units also include a utility room with a full-size washer and dryer, and the floor plan places primary bedrooms on the 1st floor with additional bedrooms on the 2nd floor.
The property sits on a cul-de-sac with alley access and parking available both at the front and the back. Each home-style layout is described as townhome-like with large fenced backyards.
Overall, the building presents as a renovated income property with consistent unit finishes and practical in-and-out parking access from the alley and the front.
The property sits on a cul-de-sac with alley access and parking available both at the front and the back. Each home-style layout is described as townhome-like with large fenced backyards.
Overall, the building presents as a renovated income property with consistent unit finishes and practical in-and-out parking access from the alley and the front.
Key Highlights
- Fully renovated, fully occupied fourplex built in 1984
- Unit mix: 2 units with 3 bed/2 bath and 2 units with 2 bed/2 bath
- Renovated kitchen with white quartz countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,838
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$676,760
$676.8K
Cap Rate 7%
$483,400
$483.4K
Cap Rate 9%
$375,978
$376.0K
Market Conditions
NOI Build-Up for 4,492 SF
Gross rent
$54.4K $12.12/SF
− Vacancy
−$6.1K −$1.36/SF
EGI
$48.3K $10.76/SF
− OpEx
−$14.5K −$3.23/SF
NOI
$33.8K $7.53/SF
Area
Tarrant County, TX
Vacancy
11.21%
Lease Rate
$12.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$676,760
Cap Rate 7%
$483,400
Cap Rate 9%
$375,978
Alternative Uses
Best Use
Multifamily LT 5
$483.4K
$423.0K – $564.0K
NOI $33,838 @ 7.0% cap · market cap 3.98%
Second Best
Apartment 5plus
$420.2K
$367.7K – $490.3K
NOI $29,417 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,611 @ 7.0% cap · market cap 13.01%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
244
Businesses Nearby
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Business Placement
Demographics for 76060, TX
8,653
Population
3,208
Households
2.7
Avg Household Size
40
Median Age
29%
College-Educated
84%
High-School Grad
7.5 sq mi
ZIP Area
1,154
Density / Sq Mi
$117,993
Median Household Income
$56,838
Median Earnings
$1,300
Median Rent
$354,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - A fully renovated, fully occupied fourplex with fenced backyards and ally access for front and rear parking.
Where is this quadplex located?
The property is located at 115 Peachtree Ct Kennedale, TX.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Fully renovated, fully occupied fourplex built in 1984; Unit mix: 2 units with 3 bed/2 bath and 2 units with 2 bed/2 bath; Renovated kitchen with white quartz countertops and stainless steel appliances
