$319,900

Est. payment - /mo

6 Beds

4 Baths

5,924 Sqft Lot

Sold on 05/29/2025

8521 Gatlinburg Drive Fort Worth, TX 76123

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Michael Johnson

Founding Partner | License ID: 0505819

+1(469) 910-3593

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Subdivision Southgate Add

MLS Listing ID 20916372

Sold Date 05/29/25

Bedrooms 6

Full Baths 4

HOA Y/N None

Total Fin. Sqft 2012

Year Built 1986

Annual Tax Amount $7,566

Lot Size 5,924 Sqft

Acres 0.136

Property Sub-Type Duplex

Property Description

MULTIPLE OFFERS RECEIVED, DEADLINE IS NOON TODAY, MONDAY MAY 5TH. FULL DUPLEX! 8521 & 8523 included. Great Investment Opportunity OVER 1% RULE with Long-Term Tenants! This cash-flowing duplex brings in $3,350 a month in gross rent, easily clearing the 1% rule, a smart move for investors focused on income and stability. Each unit features a well-designed open floor plan with 3 bedrooms, 2 bathrooms, a spacious living area, and a 2-car garage. Both units include durable vinyl plank flooring throughout, no carpet. making them easy to maintain and appealing to tenants. Unit 8521: Current rent is $1,850 a month, HVAC around 3 years old, water heater around 4 years old, kitchen has granite countertops. Unit 8523: Current rent is $1,500 a month, HVAC is around 2 years old, water heater is less than 6 months old. Conveniently situated near schools, shopping centers, restaurants, and major thoroughfares, this property checks all the boxes for rental desirability. Long-term tenants and strong returns make this an opportunity you don't want to overlook. Current tenants are long term and with government housing. All information deemed reliable but not guaranteed. Buyers and agents to verify all data.

Location

State TX

County Tarrant

Direction See GPS

Interior

Interior Features Cable TV Available, Eat-in Kitchen, Granite Counters, High Speed Internet Available, Open Floorplan, Pantry, Walk-In Closet(s)

Heating Electric

Cooling Ceiling Fan(s), Central Air, Electric

Flooring Carpet, Luxury Vinyl Plank

Fireplaces Number 2

Fireplaces Type Brick, Wood Burning

Appliance Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Electric Water Heater, Microwave

Heat Source Electric

Exterior

Garage Spaces 4.0

Fence Wood

Utilities Available All Weather Road, Cable Available, City Sewer, City Water, Concrete, Electricity Available, Electricity Connected, Sewer Available

Roof Type Composition

Total Parking Spaces 4

Garage Yes

Building

Story One

Foundation Slab

Level or Stories One

Structure Type Brick,Siding

Schools

Elementary Schools Jackie Carden

Middle Schools Crowley

High Schools Crowley

School District Crowley Isd

Others

Ownership See Tax

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Financing Conventional

Special Listing Condition Affordable Housing

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Thanh Tran • eXp Realty, LLC
Bought with Kimber Fox • HomeSmart Stars