2937 S Adams St, Fort Worth, TX 76110

Description

$127,500 PER DOOR. MOTIVATED SELLER OFFERING $5,000 TOWARD CLOSING COSTS OR RATE BUY DOWN. Separately metered duplex in a quiet South Fort Worth residential neighborhood near TCU and the Near Southside. Scheduled gross income $26,940 per year. The 2-bed 1-bath unit is leased at $1,195 per month through June 25 2027. The 1-bed 1-bath unit is vacant and being turned - market rent $1,050 - so a buyer can take it vacant and set the rent themselves, or take delivery with both sides leased. Both units feature vinyl plank flooring, appliances, ceiling fans, front and back porches, and large private backyards. Major paid upgrades include roof replacement, updated siding, and new heat and air window units. Please note the property does not have central heat and air, so financing is 1031 exchange, cash or conventional - FHA and VA are not available. Contractor estimates are available: $7,800 for a 1.5-ton central heat and air system with new ductwork, and $14,320.55 for new vinyl plank flooring and subfloor, two-coat interior paint and a mini-split in three rooms. Convenient access to I-35W, Hemphill St and Rosedale St provides quick commutes to Downtown Fort Worth, the Medical District and the Cultural District. Nearby attractions include Trinity Park, the Fort Worth Zoo and the Fort Worth Botanic Garden.