Fort Worth, TX 76104 1120 Galveston Avenue
$2,095,000
30 more
Presented By: Shayan Ahmadi with Worth Clark Realty; [email protected]
Disclaimer: The information contained in this listing has not been verified by Worth Clark Realty and should be verified by the buyer.
Beds • 9
Full/Half Baths • 9 / 5
Garage • 9
Home Details
CALLING LONG TERM AND SHORT TERM RENTAL AIRBNB INVESTORS . Welcome to the opportunity in the heart of Fort Worth with these 5 Units CLASS A fully occupied Zoned for commercial use, allowing for flexible operation including short-term rentals such as Airbnbs. These 5 units are ready to go , with two currently operating as successful Airbnbs and the remaining three leased as long-term rentals, ensuring diversified and steady revenue streams. Strategically situated within walking distance to the vibrant Magnolia Street, known for its eclectic mix of dining, shopping, and entertainment options, and close to the Medical District, a major employment hub, this property guarantees high demand for both short-term and long-term rentals. Benefit from the balanced mix of rental income and enjoy the future potential to convert more units into short-term rentals or maintain the current structure based on market trends.
Presented By: Shayan Ahmadi with Worth Clark Realty; [email protected]
Interior Features for 1120 Galveston Avenue
Bedrooms
Total Bedrooms9
Bathrooms
Full Baths9
Half Baths5
Total Baths14
Other Interior Features
Unit Count5
Lock Box TypeSee Remarks
FlooringCeramic Tile, Luxury Vinyl Plank, Other
Interior FeaturesHigh Speed Internet Available
Occupancy Rate100
Total Units5
General for 1120 Galveston Avenue
# of Buildings1
AppliancesDishwasher, Disposal, Dryer, Electric Oven, Electric Range, Microwave, Washer
Assoc Fees1500
Association Fee FrequencyMonthly
Buyer Agent Compensation3
Buyer Agent Compensation Type%
Capitalization Rate5.51
CityFort Worth
Complex Name1120 Orchids
Construction MaterialsFiber Cement, Vinyl Siding
CoolingCeiling Fan(s), Central Air
CountyTarrant
Directions1120 Galveston Avenue. Forth Worth, TX please use apple or google maps. Call Shawn for any questions.
Elementary SchoolClayton Li
Elementary School NameClayton Li
Gross Annual Expenses88549.00
HOA Fee IncludesMaintenance Grounds, Maintenance Structure, Management Fees
HOA TypeMandatory
HeatingCentral
High SchoolCarter Riv
Insurance Expense7500
LevelsThree Or More
Number of Garage Spaces9
Occupant TypeTenant
Pool Y/NNo
Possession30-60 Days, Closing/Funding
Property SubTypeMultiple Single Units
Property TypeResidential Income
RoofComposition
School DistrictFort Worth ISD
Security FeaturesSecurity System, Smoke Detector(s)
Standard StatusActive
StatusActive
Subdivision NameMoodie & Evans #1 Sub
UtilitiesCity Sewer, City Water, Electricity Connected
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built2021
Year Built DetailsPreowned
Exterior for 1120 Galveston Avenue
Attached Garage Y/NYes
Building Area Total6349.00
Covered Spaces9
Foundation Slab
Garage Y/NYes
Lot Size Acres0.1110
Lot Size Area0.1110
Lot Size Square Feet4835.1600
Lot Size UnitsAcres
Number Of Parking Spaces8
Parking FeaturesAdditional Parking, Garage Single Door, On Site
Additional Details
Price History
Schools
Elementary School
Clayton Li Elementary School
High School
N/A
Middle School
N/A
