3124 Cherry Ln, Fort Worth, TX 76116
- $400,000
- 6
- BD
- 4
- BA
- List Price
- $400,000
- MLS#
- 21329758
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- ResidentialIncome
- Year Built
- 2007
- Construction Status
- Preowned
- Bedrooms
- 6
- Full Baths
- 4
- Acres
- 0.18
- County
- Tarrant
- City
- Fort Worth
- Subdivision
- Broadmoor Add
Property Description
Texas Cash Flow Duplex Turn Key investment opportunity in Fort Worth's West Side. This beautifully built 2007 duplex features two spacious 3 bed 2 bath units each with attached garage and privacy fenced yard. Whether you're adding to your portfolio or stepping into your first investment property, 3124-3126 Cherry Lane delivers quality construction, strong rental income, and a location that keeps units leased. 3 bed 2 bath per unit 2,236 total sq ft building. Updated luxury vinyl plank flooring throughout living areas of both units - durable, attractive, tenant-approved. Tile in bathrooms and kitchens. 3124 Cherry Lane Lease expires March 2027 rent is below market at $1395. 3126 Cherry Lane Vacant for Showings listed for lease at $1595. Rents have room to increase at renewal you're buying in below where the market is heading. No HOA your asset, your rules. Very good overall condition this is not a project, it's a performer. New Roof 2023, Electricity and Water separately metered and residents responsibility, Property Taxes 2025 $7,068.50 Annual Insurance 2025 $1,194.33 Why West Fort Worth? Why Now? DFW's growth is shifting west. Western Tarrant and Parker Counties is where land, capital, and corporate expansion are heading as the eastern metro fills up. Investors who position now are buying ahead of the wave. The fundamentals are hard to beat: Anchor employers that don't blink Lockheed Martin, Naval Air Station JRB, Bell Textron, and the West Fort Worth medical corridor keep tenant demand steady year after year. Camp Bowie is booming record-low retail vacancy. Texas tailwinds no state income tax, landlord-friendly laws, sustained population growth. Professionally managed by Turn Key Real Estate Management, LLC a full-service residential property management company serving the DFW Metroplex since 2008. The current management team is happy to continue serving the new owner making for a truly Turn Key investment from day one
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Additional Information
- Unexempt Taxes
- $7,069
- Lot Size
- 7,797
- Acres
- 0.18
- Interior Features
- Granite Counters, Open Floor Plan
- Flooring
- Tile, Vinyl
- Foundation
- Slab
- Roof
- Composition
- Stories
- 1
- Pool Features
- None
- Garage Spaces
- 2
- Parking Garage
- Garage
- School District
- Fort Worth Isd
- Elementary School
- Westn Hill
- Middle School
- Leonard
- High School
- Westn Hill
- Possession
- CloseOfEscrow
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Listing courtesy of Scott Richardson from Turn Key Real Estate Mgmt LLC. Contact: 877-727-4767