5404 Graham St Fort Worth, TX 76114
- Residential income homes
- 2,704 SF
Current Use by Public Records
- Residential income homes
Property Details for 5404 Graham St
- Year built
- 1945
- Property size
- 2,704 SF
- Property type
- Residential income homes
Description
This exceptional value-add investment opportunity consists of two duplexes totaling four units, situated on spacious lots in Fort Worth, Texas. Built in 1945, the property boasts 2,704 square feet of net rentable space, currently achieving a 75% occupancy rate. The asking price is $424,000, translating to $106,000 per unit and $156.80 per square foot. The current Net Operating Income (NOI) stands at $13,939, yielding a 3.29% cap rate. However, significant upside potential exists through renovations and rent increases, projected to boost the NOI to $34,439 and the cap rate to 8.12%. Each unit includes two parking spaces. The property's convenient location near Azle Avenue and Highway 820 offers easy access to major thoroughfares. Mature trees and a well-established neighborhood add to the property's appeal. This is an ideal investment for those seeking to enhance returns through property improvements and capitalize on the strong rental market in Fort Worth. The property is individually owned and located at 5404 Graham St, Fort Worth, TX 76114, within Tarrant County.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Fort Worth
- County
- Tarrant
- State
- Texas
- Longitude
- -97.401491417074
- Latitude
- 32.808648301291