1601 Mary k Ln Fort Worth, TX 76108
Estimated payment $4,404/month
Total Views
18,762
8
Beds
8
Baths
3,284
Sq Ft
$198
Price per Sq Ft
Highlights
- Cooling Available
- Tile Flooring
- Heating Available
About This Home
**Rare Investment Opportunity: Fully Renovated Fourplex**This corner lot fourplex is one of the best locations in this complex. All four units in this property have undergone extensive renovations, with over $40k in recent updates, ensuring modern and appealing living spaces for tenants. Each unit features 2 bedrooms and 2 full baths, complete with refrigerator, stove, and dishwasher. Additionally, all units are equipped with washer and dryer connections, enhancing tenant convenience and appeal. All units are individually metered, fully electric (no gas). The roof was replaced in 2016. Current rents for the 2bed 2bath units range from $1,000 to $1,050, with similar units in the complex renting up to $1,200. All four units are currently occupied, making this an excellent opportunity for immediate cash flow.Don't miss this chance to invest in a well-maintained property with strong rental income potential.
Listing Agent
Green Light Property Managemen Brokerage Phone: 817-200-7982 License #0673820 Listed on: 01/31/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,343
Year Built
- Built in 1985
Parking
- Parking Lot
Home Design
- Quadruplex
- Brick Exterior Construction
- Slab Foundation
- Frame Construction
- Shingle Roof
Kitchen
- Electric Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Carpet
- Tile
- Luxury Vinyl Plank Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Full Bathrooms
Schools
- Liberty Elementary School
- Brewer High School
Utilities
- Cooling Available
- Heating Available
Additional Features
- 2-Story Property
- 0.25 Acre Lot
Listing and Financial Details
- Legal Lot and Block 1 / 1
- Assessor Parcel Number 05426456
Community Details
Overview
- 4 Units
- 3,284 Sq Ft Building
- Cambridge Add Subdivision
Building Details
- Gross Income $48,000
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $9,476 | $400,000 | $25,000 | $375,000 |
| 2023 | $10,343 | $435,000 | $25,000 | $410,000 |
| 2022 | $11,201 | $413,624 | $25,000 | $388,624 |
| 2021 | $6,822 | $247,999 | $25,000 | $222,999 |
| 2020 | $6,872 | $247,999 | $25,000 | $222,999 |
| 2019 | $7,134 | $248,000 | $25,000 | $223,000 |
| 2018 | $6,760 | $235,000 | $10,000 | $225,000 |
| 2017 | $5,678 | $194,303 | $10,000 | $184,303 |
| 2016 | $4,524 | $154,799 | $10,000 | $144,799 |
| 2015 | $3,648 | $127,000 | $10,000 | $117,000 |
| 2014 | $3,648 | $127,000 | $10,000 | $117,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/31/2025 01/31/25 | For Sale | $650,000 | -- | $198 / Sq Ft |
Source: North Texas Real Estate Information Systems (NTREIS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | St | |
| Warranty Deed | -- | Natco | |
| Warranty Deed | -- | None Available | |
| Special Warranty Deed | -- | None Available | |
| Vendors Lien | -- | None Available | |
| Vendors Lien | -- | Alamo Title Company | |
| Vendors Lien | -- | Alamo Title Co | |
| Warranty Deed | -- | American Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $106,400 | Purchase Money Mortgage | |
| Previous Owner | $79,100 | No Value Available | |
| Previous Owner | $94,500 | No Value Available |
Source: Public Records
Similar Homes in Fort Worth, TX
Source: North Texas Real Estate Information Systems (NTREIS)
MLS Number: 20832652
APN: 05426456
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Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2025. All rights reserved
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