4005 Ridgebrook Drive

Arlington, TX 76015

$579,000
Price
6
Beds
4
Baths
2
1/2 Baths
3,862 Sq. Ft.
$150 / Sq. Ft.
3,862
Sq. Ft.
$150
per Sq. Ft.

Description

Welcome to an exceptional duplex property at 4005 and 4007 Ridgebrook. A rare opportunity awaits house hackers and investors looking for a smart addition to their portfolio or homebuyers seeking dual-living arrangements in this vibrant neighborhood. This spacious duplex encompasses a total of 3,862 square feet, with each side offering 1,931 square feet of well-appointed living space. Each unit features three generous bedrooms and two and a half bathrooms, making it ideal for families or tenants seeking...Welcome to an exceptional duplex property at 4005 and 4007 Ridgebrook. A rare opportunity awaits house hackers and investors looking for a smart addition to their portfolio or homebuyers seeking dual-living arrangements in this vibrant neighborhood. This spacious duplex encompasses a total of 3,862 square feet, with each side offering 1,931 square feet of well-appointed living space. Each unit features three generous bedrooms and two and a half bathrooms, making it ideal for families or tenants seeking a comfortable and modern living experience. This property has numerous updates, ensuring it is move-in ready and perfect for contemporary living. Both sides of the duplex have been tastefully refreshed, including new flooring and carpets throughout, freshly painted interiors, updated bathrooms, and newly installed light fixtures. The kitchens gleam with new appliances, offering a sleek and functional space for cooking and entertaining. Designed with investors in mind, this duplex offers a substantial rental income opportunity. The average rental rate for this size home in the neighborhood is $2200. This makes it an appealing option for those looking to maximize their investment in a growing and dynamic market. The strategic design and updates, coupled with the rental potential, make this duplex not just a home but a smart financial move. Located in Arlington, close to the Parks Mall, with its thriving local economy and vibrant community, the property is positioned to attract quality tenants and high demand.
  1. Listed by Lauren Kerschen • TREC #0764797 • ARC Realty DFW • 817-609-4115

Property Details for 4005 Ridgebrook Drive

Subdivision Name
Meadow Creek Add
Pool
No
Garage Spaces
2
Number Of Parking Spaces
4
LISTING UPDATED: 11/27/2024 04:04 PM

Property Details for 4005 Ridgebrook Drive

StatusActive
MLS #20768623
Days on Market40
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Full Duplex
Year Built1979
Lot Size0.19 AC / 8,407 SF
CountyTarrant County

Building Information for 4005 Ridgebrook Drive

Stories2Residences2Year Built1979Building Size-Lot Size0.19 AC / 8,407 SF

Property Information for 4005 Ridgebrook Drive

Summary
Location and General Information
  • Block: 1
  • Complex Name: Meadow Creek
  • Directions: Turn down Mealer from Pleasant Ridge and turn left on Glenbrook and Right on Ridgebrook.
  • Elementary School: Key
  • Elementary School Name: Key
  • High School: Martin
  • High School Name: Martin
  • Junior High School: Gunn
  • Year Built Details: Preowned
  • School District: Arlington ISD
  • Geocode Confidence: High
  • Latitude: 32.68
  • Longitude: -97.14
  • State: Texas
Parking
  • Garage Length: 20
  • Garage Width: 20
  • Parking Features: Garage, Garage Door Opener, Garage Faces Rear
  • Carport Spaces: 0
  • Attached Garage: Yes
  • Parking Spaces Covered Total: 2
  • Garage: Yes
Taxes and HOA Information
  • Tax Legal Description: MEADOW CREEK ADDITION-ARLNGTON BLOCK 1 LOT 30
  • Association Type: None
  • Special Taxing Entities: No
  • Tax Lot: 30
Virtual Tour
Interior and Exterior Features
Interior Features
  • Fireplace Features: Brick, Wood Burning
  • Fireplaces Total: 1
  • Flooring: Carpet, Vinyl
  • Heating: Central
  • Interior Features: Cable TV Available, High Speed Internet Available
  • Appliances: Dishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave
  • Cooling: Ceiling Fan(s), Central Air, Electric, Multi Units
  • Smart Home Features Appor Pass Y: No
Exterior Features
  • Building Area Source: Assessor
  • Construction Materials: Brick, Siding
  • Exterior Features: Covered Patio/Porch
  • Fencing: Wood
  • Foundation Details: Slab
  • Number Of Stories: 2
  • Roof: Composition
  • Number Of Units Total: 2
  • Patio And Porch Features: Covered
  • Levels: Two
Property
Utilities
  • Utilities: City Sewer, City Water
Property and Assessments
  • Financing Proposed: 1031 Exchange, Cash, Conventional, FHA
  • Handicap: No
  • Loan Type: Treat As Clear
  • Security Features: Fire Alarm, Security Lights, Smoke Detector(s)
  • Property Match: APN
Lot Information
  • Lot Size Acres: 0.193
  • Lot Size Area: 0.193
  • Lot Size Units: Acres
  • Lot Size Square Feet: 8407.08
  • Multi Parcel ID: No
  • Parcel Number: 01700685
Multi Family
Multi-Family Information
  • Number Of Buildings: 1
  • Capitalization Rate: 7.15%
  • Gross Annual Expenses: $8,991
  • Gross Annual Income: $50,400
  • Insurance Expense: $1,474
  • Net Operation Income: $41,409.00
Unit 1
  • Approximate SQFT: 1875.0
  • Average Lease Amount: $2,100.00
  • Dining Area Length: 8.0
  • Dining Area Width: 11.0
  • Kitchen Length: 11.0
  • Kitchen Width: 12.0
  • Living Area Length: 16.0
  • Living Area Width: 18.0
  • Master Bed Length: 15.0
  • Master Bed Width: 16.0
  • Number Of Baths Full: 2
  • Number Of Baths Half: 1
  • Unit Type Type: 3 Bedroom
  • Unit Type Units Total: 2
Unit 2
  • Approximate SQFT: 1875.0
  • Average Lease Amount: $2,100.00
  • Dining Area Length: 8.0
  • Dining Area Width: 11.0
  • Kitchen Length: 11.0
  • Kitchen Width: 12.0
  • Living Area Length: 16.0
  • Living Area Width: 18.0
  • Master Bed Length: 15.0
  • Master Bed Width: 16.0
  • Number Of Baths Full: 2
  • Number Of Baths Half: 1
  • Unit Type Type: 3 Bedroom
  • Unit Type Units Total: 2

Property History for 4005 Ridgebrook 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 4005 Ridgebrook Drive

Taxable ValueLand$45,000Additions$370,000Total$415,000
Tax Record2023$9,157 ($763 / month)
Home Facts
Total Finished SqFt3,862 SqFtAbove Grade Finished SqFt3,862 SqFtStories2Lot Size8,398 SqFtStyleDuplexYear Built1979CountyTARRANTAPN25400-1-30

Schools near 4005 Ridgebrook Drive

This home is within Arlington Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 6 to 8
Public - 9 to 12
Public - PK to 6
Rating
School
Distance
Key Elementary School
PublicPK to 6

Gunn J High School
Public6 to 8

Arlington High School
Public9 to 12

MCNUTT EL
PublicPK to 6

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.

Similar Homes

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4005 Ridgebrook Drive is a multi-family home for sale in Arlington, TX 76015. This property was listed for sale on November 1, 2024 by ARC Realty DFW, it's currently listed at $579,000. It has been on the market for a total of 40 days and was last sold on March 13, 2007. This listing's school district is Arlington Independent School District. Nearby schools include Key Elementary School, Gunn J High School and Arlington High School. 4005 Ridgebrook Drive is a 6-bed, 5-bath, 3,862 sqft multi-family home built in 1979.

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 ARC Realty DFW, Lauren Kerschen

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