Leased Residential Income
New
For Sale
$270,000
6913 Sierra Drive, North Richland Hills, TX 76180
The three-bedroom, two-bathroom residence occupies one side of a duplex and has a covered carport and private backyard.
Property Size1,164 SF
Days on Market3
Property Features for 6913 Sierra Drive
General Information
Standard status
Active
Size
1,164 SF
Property subtype
Duplex
Occupancy
100%
Financials
Gross Income
$20,400
Average Monthly Rent
$1,700
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,606
Building Details
Building Size
1,164 SF
Year Built
1984
Tenancy
Single
Listing Agency:
BHHS Premier Properties
Listed By:
Casey Turner · License #0702050
(940) 230-4921
Source:
Soldbywes
Added: Oct 30
Changed: Oct 31
Last Checked: Oct 30 at 2:40PM
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 BHHS Premier Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential income property is the left side of a duplex; the other side has a separate owner. The home has three bedrooms and two bathrooms, with an open arrangement connecting the living, dining, and kitchen areas. Fresh paint, a private backyard, and a covered carport with additional storage are among its features. Built in 1984, the property is leased through March 2027.
Major highways, shopping, and dining are a short drive away.
Major highways, shopping, and dining are a short drive away.
Key Highlights
- Three bedrooms and two bathrooms
- Property comprises the left side of a duplex; the other side is separately owned
- Lease in place through March 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,623
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$152,460
$152.5K
Cap Rate 7%
$108,900
$108.9K
Cap Rate 9%
$84,700
$84.7K
Market Conditions
NOI Build-Up for 1,164 SF
Gross rent
$15.7K $13.50/SF
− Vacancy
−$1.9K −$1.59/SF
EGI
$13.9K $11.91/SF
− OpEx
−$6.2K −$5.36/SF
NOI
$7.6K $6.55/SF
Area
Tarrant County, TX
Vacancy
11.80%
Lease Rate
$13.50 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$152,460
Cap Rate 7%
$108,900
Cap Rate 9%
$84,700
Alternative Uses
Best Use
Apartment 5plus
$108.9K
$95.3K – $127.1K
NOI $7,623 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$409.5K
$358.3K – $477.7K
NOI $28,662 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
823
Businesses Nearby
Explore this area
Business Placement
Demographics for 76180, TX
37,087
Population
16,138
Households
2.3
Avg Household Size
37
Median Age
33%
College-Educated
92%
High-School Grad
9.3 sq mi
ZIP Area
3,988
Density / Sq Mi
$78,688
Median Household Income
$42,984
Median Earnings
$1,553
Median Rent
$286,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - The three-bedroom, two-bathroom residence occupies one side of a duplex and has a covered carport and private backyard.
Where is this residential income property located?
The property is located at 6913 Sierra Drive North Richland Hills, TX.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: Three bedrooms and two bathrooms; Property comprises the left side of a duplex; the other side is separately owned; Lease in place through March 2027
