1501 W Morphy ST, Fort Worth, TX 76104
1501 W Morphy ST, Fort Worth, TX 76104
1501 W Morphy ST, Fort Worth, TX 76104
1501 W Morphy ST, Fort Worth, TX 76104
1501 W Morphy ST, Fort Worth, TX 76104
1501 W Morphy ST, Fort Worth, TX 76104
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$ 800,000
Est. payment | /mo

9 Beds

4 Baths

4,552 SqFt


Save
$ 800,000
Est. payment | /mo
Save

9 Beds

4 Baths

4,552 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,552 sqft

Subdivision Mc Anulty & Nye Sub

MLS Listing ID 21428349

Bedrooms 9

Full Baths 4

Construction Status Resale

HOA Y/N No

Year Built 1926

Annual Tax Amount $11,011

Lot Size 5,009 Sqft

Acres 0.115

Property Sub-Type Quadruplex

Property Description

1501 W Morphy presents an attractive multifamily investment opportunity, combining 100% occupancy, stabilized cash flow, and a prime urban infill location in Fort Worth's highly sought-after Fairmount neighborhood. Located just one block from Magnolia Avenue, this income-producing fourplex features a well-balanced unit mix consisting of three 2-bedroom, 1-bathroom units and one 3-bedroom, 1-bathroom unit. Significant capital improvements include a roof replacement in 2014, along with plumbing, HVAC, and electrical upgrades completed in 2016. Residents benefit from walkable access to Magnolia Avenue's popular dining and entertainment destinations, including Salsa Limón, Maggie's R&R, Melt Ice Cream, and numerous other neighborhood amenities. With established in-place rental income, historical capital improvements, and proximity to Fort Worth's Medical District and Near Southside, 1501 W Morphy offers investors the opportunity to acquire a stabilized multifamily asset in an established urban infill location. Capitalize on this opportunity to add a fully occupied, income-producing asset to your investment portfolio. Contact the listing broker for additional financial information, property details, and to discuss this investment opportunity.

Location

State TX

County Tarrant

Direction Use GPS.

Interior

Interior Features Other

Heating Other

Cooling Other

Flooring Other

Fireplace No

Exterior

Parking Features Driveway, On Street

Pool None

Utilities Available Sewer Available, Water Available

Water Access Desc Public

Roof Type Composition

Total Parking Spaces 3

Private Pool No

Building

Foundation Other

Sewer Public Sewer

Water Public

Level or Stories Two

Construction Status Resale

Schools

Elementary Schools De Zavala

Middle Schools Daggett

High Schools Paschal

School District Fort Worth Isd

Others

Tax ID 01835874

Acceptable Financing Cash, 1031 Exchange

Listing Terms Cash, 1031 Exchange

North Texas Real Estate Info Systems (NTREIS) / WACO Association of Realtors
Listed by  Ross Utley • League Real Estate

NEARBY SCHOOL & BUSINESS

Cecilia DuPree

+1(512) 300-3781

ceciliajdupree@gmail.com

2626 Cole Ave, Dallas, TX 75204-0800, USA

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