Address
1901-1903 Magnolia Lane, Forest Hill, TX
Price
$ 711,000
Property Attributes
- MLS#20643461
- TypeMulti-Family
- CountyTARRANT
- CityForest Hill
- NeighborhoodThe Woods
- Zip76140
- StyleTriplex
- Year Built2023
- Taxes$ 6119
- Price$ 711,000
- Bedrooms9
- Full Bathrooms6
- Half Bathrooms3
- Lot Size0.191 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description
NEW, fully occupied triplex with long term leases in place! Seller willing to purchase a forward commitment for investors who use and qualify through preferred lender, Momentum Loans, for a LONG-TERM INTEREST RATE OF 5.75%! The Woods at Forest Hill is a master planned town home community comprised of 76 total doors, divided into duplexes, triplexes, and fourplexes. The project consists of limited HOA common area, with $30 dues per monthy per unit, with each owner responsible for their building insurance and maintenance. The units are all 3 bed, 2.5 bath with 1 car garage and 1298 square feet of living space. They feature granite countertops, stainless appliances, LVP flooring and tall ceilings. Units are desirable for tenants with low maintenance exteriors. Very handy location for those working in Fort Worth, Arlington and the 287 corridor. Sold with property management in place. Seller has other triplex and quadplex buildings available at The Woods. Contact listing agent for info.
| Elementary School |
|---|
| Sellers Elementary School |
| Price History | |
|---|---|
| 6/12/2024 | Listed $711,000 |
General Features
| Heating | Central,Electric |
|---|---|
| Complex Name | The Woods at Forest Hill |
| Cooling | Central Air,Electric |
| Utilities | Asphalt,City Sewer,City Water,Underground Utilities |
| Possession | Closing/Funding |
| Roof | Composition |
| Appliances | Dishwasher,Disposal,Electric Range,Electric Water Heater,Microwave |
| Assoc Fees | 90 |
| Number of Garage Spaces | 1 |
| School District | Fort Worth ISD |
| HOA Fee Includes | Maintenance Grounds,Trash |
| Capitalization Rate | 5.83 |
| Year Built | 2023 |
| Levels | Two |
| Unexempt Taxes | 6119 |
| Will Subdivide | No |
| Gross Annual Expenses | 24512.00 |
| Property SubType | Triplex |
| Subdivision Name | The Woods |
| Insurance Expense | 3948 |
| County | Tarrant |
| Property Type | Residential Income |
| Security Features | Fire Sprinkler System,Smoke Detector(s) |
| Construction Materials | Board & Batten Siding,Brick |
| Association Fee Frequency | Monthly |
| Year Built Details | New Construction - Complete |
| HOA Type | Mandatory |
| # of Buildings | 1 |
| Status | Active |
| Directions | From 820 take the Anglin Drive exit south. Magnolia Street is on the right in 4 blocks. |
| City | Forest Hill |
| Buyer Agent Compensation | 2.5 |
| Elementary School Name | Sellers |
| High School | Wyatt Od |
| Elementary School | Sellers |
| Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/20643461 |
| Standard Status | Active |
| Buyer Agent Compensation Type | % |
Interior Features
| Interior Features | Eat-in Kitchen,Granite Counters,Kitchen Island |
|---|---|
| Flooring | Luxury Vinyl Plank |
| Total Units | 3 |
| Unit Count | 1 |
| Full Baths | 6 |
| Half Baths | 3 |
| Lock Box Type | Combo |
| Total Bedrooms | 9 |
| Total Baths | 9 |
| Window Features | Window Coverings |
Exterior Features
| Fencing | Back Yard,Wood |
|---|---|
| Parking Features | Garage,Garage Door Opener,Garage Faces Front |
| Covered Spaces | 1 |
| Foundation | Slab |
| Lot Size Area | 0.1910 |
| Number Of Parking Spaces | 2 |
| Lot Size Units | Acres |
| Building Area Total | 3894.00 |
| Garage Y/N | Yes |
| Lot Size Square Feet | 8319.9600 |
| Lot Size Acres | 0.1910 |
| Patio And Porch Features | Rear Porch |
| Attached Garage Y/N | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 76140
Price
Taxes
Visits
Year Built
© 2024 North Texas Real Estate Information Systems, Inc. All rights reserved. Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Jon and Jason - Lucky 13 Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas
