316 Shady Valley Drive

Mansfield, TX 76063

$370,000
Price
6
Beds
4
Baths
2,520 Sq. Ft.
$147 / Sq. Ft.
2,520
Sq. Ft.
$147
per Sq. Ft.

Description

Adorable full duplex! Both sides have open floor plans and fenced back yards. Enter from the covered front porch, large enough for a nice sitting area. The master bedrooms have en-suite baths with large vanities, walk-in closets, and each has a door to a large, private, fenced back yard with patio. Secondary bedrooms in both units feature ceiling fans and large closets. The living areas are large enough for tenants to entertain a nice size group and they are open to the kitchen. Open kitchens with...Adorable full duplex! Both sides have open floor plans and fenced back yards. Enter from the covered front porch, large enough for a nice sitting area. The master bedrooms have en-suite baths with large vanities, walk-in closets, and each has a door to a large, private, fenced back yard with patio. Secondary bedrooms in both units feature ceiling fans and large closets. The living areas are large enough for tenants to entertain a nice size group and they are open to the kitchen. Open kitchens with plenty of cabinets and counter top space, plus each unit has a breakfast bar. Electric ranges with smooth cook tops, built-in dishwashers. Utility areas with room for full-size washer and dryer. Large private back yards with wood privacy fences and large patios for outdoor entertaining. Current tenants' leases expire March 31, 2025 and current rents are below market. Comps show current market should support $1700 to $2000 per side, so net income has room to grow!
  1. Listed by Pam Smith • TREC #0489719 • LPT Realty LLC • 877-366-2213

Property Details for 316 Shady Valley Drive

Subdivision Name
Shady Valley Duplexes Add
Pool
No
Garage Spaces
0
Number Of Parking Spaces
4
LISTING UPDATED: 10/31/2024 07:10 PM

Property Details for 316 Shady Valley Drive

StatusActive
MLS #20767556
Days on MarketListed Today
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Full Duplex
Year Built1996
Lot Size0.24 AC / 10,454 SF
CountyTarrant County

Building Information for 316 Shady Valley Drive

Stories1Residences2Year Built1996Building Size-Lot Size0.24 AC / 10,454 SF

Property Information for 316 Shady Valley Drive

Summary
Location and General Information
  • Block: 1
  • Complex Name: None
  • Directions: From Hwy. 287 go west on Broad; Right on Magnolia; Right on Shady Valley
  • Elementary School: Nash
  • Elementary School Name: Nash
  • High School: Mansfield
  • High School Name: Mansfield
  • Middle School: Worley
  • Year Built Details: Preowned
  • School District: Mansfield ISD
  • Geocode Confidence: High
  • Latitude: 32.57
  • Longitude: -97.12
  • State: Texas
Parking
  • Parking Features: Driveway
  • Carport Spaces: 0
  • Attached Garage: No
  • Parking Spaces Covered Total: 0
  • Garage: No
Taxes and HOA Information
  • Tax Legal Description: SHADY VALLEY DUPLEXES ADDITION BLOCK 1 LOT 2
  • Association Type: None
  • Tax Lot: 2
Virtual Tour
Interior and Exterior Features
Interior Features
  • Fireplaces Total: 0
  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Heating: Central, Electric
  • Interior Features: Walk-In Closet(s)
  • Appliances: Dishwasher, Disposal, Electric Range
  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Smart Home Features Appor Pass Y: No
  • Window Features: Window Coverings
Exterior Features
  • Building Area Source: Public Records
  • Construction Materials: Brick
  • Exterior Features: Covered Patio/Porch
  • Fencing: Wood
  • Foundation Details: Slab
  • Number Of Stories: 1
  • Roof: Composition
  • Waterfront: No
  • Number Of Units Total: 2
  • Patio And Porch Features: Covered, Front Porch, Patio
  • Levels: One
Property
Utilities
  • Utilities: City Sewer, City Water
Property and Assessments
  • Financing Proposed: 1031 Exchange, Cash, Conventional
  • Handicap: No
  • Loan Type: Treat As Clear
  • Property Match: APN
Lot Information
  • Lot Features: Interior Lot
  • Lot Size: Less Than .5 Acre (not Zero)
  • Lot Size Acres: 0.24
  • Lot Size Area: 0.24
  • Lot Size Units: Acres
  • Lot Size Square Feet: 10454.4
  • Multi Parcel ID: No
  • Parcel Number: 05491673
Multi Family
Multi-Family Information
  • Number Of Buildings: 1
  • Capitalization Rate: 7.07%
  • Gross Annual Expenses: $7,336
  • Gross Annual Income: $35,112
  • Insurance Expense: $1,635
  • Tenancy: 6 Months or Less
  • Total Annual Expenses Include: Insurance
  • Net Operation Income: $26,141.00
Unit 1
  • Approximate SQFT: 1260.0
  • Average Lease Amount: $1,550.00
  • Dining Area Length: 8.0
  • Dining Area Width: 10.0
  • Kitchen Length: 9.0
  • Kitchen Width: 9.0
  • Living Area Length: 18.0
  • Living Area Width: 15.0
  • Master Bed Length: 18.0
  • Master Bed Width: 12.0
  • Number Of Baths Full: 2
  • Number Of Baths Half: 0
  • Unit Type Type: 3 Bedroom
  • Unit Type Units Total: 1
Unit 2
  • Approximate SQFT: 1260.0
  • Average Lease Amount: $1,375.00
  • Dining Area Length: 8.0
  • Dining Area Width: 10.0
  • Kitchen Length: 9.0
  • Kitchen Width: 9.0
  • Living Area Length: 18.0
  • Living Area Width: 15.0
  • Master Bed Length: 18.0
  • Master Bed Width: 12.0
  • Number Of Baths Full: 2
  • Number Of Baths Half: 0
  • Unit Type Type: 3 Bedroom
  • Unit Type Units Total: 1

Property History for 316 Shady Valley Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 316 Shady Valley Drive

Taxable ValueLand$48,080Additions$234,830Total$282,910
Tax Record2023$6,222 ($519 / month)
Home Facts
Total Finished SqFt2,520 SqFtAbove Grade Finished SqFt2,520 SqFtStories1Lot Size10,467 SqFtStyleDuplexYear Built1996CountyTARRANTAPN38097-1-2

Schools near 316 Shady Valley Drive

This home is within Mansfield Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Erma Nash Elementary School
PublicPK to 4

Mary Orr Intermediate School
Public5 to 6

Rogene Worley Middle School
Public7 to 8

Mansfield High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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316 Shady Valley Drive is a multi-family home for sale in Mansfield, TX 76063. This property was listed for sale on October 31, 2024 by LPT Realty LLC, it's currently listed at $370,000. This listing's school district is Mansfield Independent School District. Nearby schools include Erma Nash Elementary School, Mary Orr Intermediate School and Rogene Worley Middle School. 316 Shady Valley Drive is a 6-bed, 4-bath, 2,520 sqft multi-family home built in 1996.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LPT Realty LLC, Pam Smith

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