5656 5816 Giddyup Ln Ft Fort Worth, TX 76179
- Residential income homes
- 2,418 SF
Current Use by Public Records
- Residential income homes
Property Details for 5656 5816 Giddyup Ln Ft
- Year built
- 2005
- Property size
- 2,418 SF
- Property type
- Residential income homes
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fort Worth
- County
- Tarrant
- State
- Texas
- Longitude
- -97.3824
- Latitude
- 32.8434