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972-754-0582
Real Estate Company
3425 And 3427 Republic Dr, Forest Hill, TX 76140
- $374,975
- 6
- BD
- 4
- BA
- List Price
- $374,975
- Price Change
- ▼ $25 1793411623
- MLS#
- 21383328
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- ResidentialIncome
- Year Built
- 1986
- Construction Status
- Preowned
- Bedrooms
- 6
- Full Baths
- 4
- Acres
- 0.09
- County
- Tarrant
- City
- Forest Hill
- Subdivision
- Heritage Heights Add
- Building Name
- Heritage Heights
Property Description
Turnkey Full Duplex in Forest Hill – High-Yield Investment Opportunity Excellent opportunity to acquire a cash-flowing, renovated, low-maintenance full duplex located at 3425 & 3427 Republic Dr, Forest Hill, TX. Perfect for a portfolio addition or a house-hack investor looking to live in one side while letting the neighboring tenant pay down the mortgage. Financial and Property Highlights: • Strong Performance Metrics: Delivering an incredible 7.56% Cap Rate for self-managed owners, or a strong 6.78% Cap Rate under professional management. • Clean Operational Structure: Tenants pay 100% of all utilities (individually metered for electric, water, and trash), leaving zero seasonal utility risk or overhead drag for the owner. • Immediate Cash Flow & Showings: Unit 3425 is currently occupied by a stable tenant paying $1,600 per month. Unit 3427 is intentionally vacant, freshly prepared for immediate buyer showings, and has a proven historical rental rate of $1,600 per month. • Major Capital Expense Completed: Features a brand-new roof (Oct 2026), significantly reducing any near-term maintenance exposure and securing your equity. • Low Fixed Expenses: Total documented holding costs include $5,279.87 in annual property taxes and $1,640.19 in annual property insurance. Property Layout: Each side features a spacious, highly functional 3-bedroom, 2-bathroom layout (6 bedrooms and 4 bathrooms total across the entire asset, totaling approximately 2,600 square feet). Units feature functional open concepts, durable flooring tailored for tenant longevity, and ample dedicated parking. Positioned in a high-demand rental submarket of Tarrant County with easy transit access across the DFW Metroplex, this asset is optimized for long-term equity growth and steady monthly yields. Excludes: All tenants personal property.
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Additional Information
- Amenities
- Fireplace
- Lot Size
- 3,920
- Acres
- 0.09
- Interior Features
- High Speed Internet, Open Floor Plan, Other, Pantry, Cable TV, Walk-In Closet(s)
- Flooring
- Tile
- Foundation
- Slab
- Roof
- Shingle
- Stories
- 1
- Pool Features
- None
- Fireplaces
- 2
- Fireplace Type
- Masonry, Wood Burning
- Carport Spaces
- 4
- Parking Garage
- Assigned
- School District
- Everman Isd
- Elementary School
- Ray
- Middle School
- Dan Powell, Everman
- High School
- Everman
- Possession
- CloseOfEscrow
Mortgage Calculator
Listing courtesy of Maria Madigan from Great Real Estate, Inc.. Contact: 214-532-4009
Listing provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.
Last updated: