5308 South Drive

Fort Worth, TX 76132

$585,000
Price
—
Beds
3,192 Sq. Ft.
$183 / Sq. Ft.
3,192
Sq. Ft.
$183
per Sq. Ft.

Description

Discover your next Investment Opportunity in Fort Worth Texas! Full Duplex for Sale. Each unit has 3 bedrooms, 2 full bathrooms, and 2 car garage spaces. The full duplex boasts 6 total bedrooms, 4 full bathrooms, and 4 car garage spaces. New Low-E Energy Star certified windows installed throughout both units in 2022. New Cedar Fencing installed in back yard. Located minutes away from local amenities such as Tanglewood Park, Chisholm Trail Park, Hulen Mall, The Shops at ClearFork and a diverse range...Discover your next Investment Opportunity in Fort Worth Texas! Full Duplex for Sale. Each unit has 3 bedrooms, 2 full bathrooms, and 2 car garage spaces. The full duplex boasts 6 total bedrooms, 4 full bathrooms, and 4 car garage spaces. New Low-E Energy Star certified windows installed throughout both units in 2022. New Cedar Fencing installed in back yard. Located minutes away from local amenities such as Tanglewood Park, Chisholm Trail Park, Hulen Mall, The Shops at ClearFork and a diverse range of Restaurants, Casual Eateries, and Fine Dining. Texas is experiencing one of the fastest population growth rates in the nation which in turn creates an influx of new residents for Fort Worth, creating an increased demand for rental properties. Water, sewer, trash is not separately metered, other utilities are separately metered. Both units are Tenant occupied at $1800 a month for each. 5310 has current 24 mo. lease agreement in place.
  1. Listed by Eric Hathman • TREC #0613655 • Doorway Real Estate Group INC

Property Details for 5308 South Drive

Subdivision Name
Westcliff Add
Pool
No
Number Of Parking Spaces
4
LISTING UPDATED: 10/04/2024 01:00 PM

Property Details for 5308 South Drive

StatusActive
MLS #20734415
Days on Market99
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Full Duplex
Year Built1970
Lot Size0.28 AC / 12,196 SF
CountyTarrant County

Building Information for 5308 South Drive

Stories1Residences2Year Built1970Building Size-Lot Size0.28 AC / 12,196 SF

Property Information for 5308 South Drive

Summary
Location and General Information
  • Block: 108
  • Complex Name: N/A
  • Directions: West on I-20, exit South Drive, take a left and travel south, property is on the right.
  • Elementary School: Bruceshulk
  • Elementary School Name: Bruceshulk
  • High School: Southwest
  • High School Name: Southwest
  • Intermediate School: Wedgwood
  • Middle School: Wedgwood
  • Year Built Details: Preowned
  • School District: Fort Worth ISD
  • Geocode Confidence: High
  • Latitude: 32.67
  • Longitude: -97.39
  • State: Texas
Parking
  • Parking Features: Covered, Garage
Taxes and HOA Information
  • Tax Legal Description: WESTCLIFF ADDITION BLOCK 108 LOT 14
  • Association Type: None
  • Tax Lot: 14
Virtual Tour
Interior and Exterior Features
Interior Features
  • Flooring: Carpet, Ceramic Tile, Laminate, Vinyl
  • Heating: Central, Natural Gas
  • Interior Features: Cable TV Available
  • Appliances: Dishwasher, Electric Range, Microwave
  • Cooling: Ceiling Fan(s), Central Air
  • Smart Home Features Appor Pass Y: No
Exterior Features
  • Building Area Source: Assessor
  • Construction Materials: Brick, Siding
  • Fencing: Chain Link, Wood
  • Foundation Details: Slab
  • Number Of Stories: 1
  • Roof: Composition, Other
  • Number Of Units Total: 2
  • Levels: One
Property
Utilities
  • Utilities: City Sewer, Individual Gas Meter, Master Water Meter
Property and Assessments
  • Financing Proposed: Cash, Conventional
  • Handicap: No
  • Loan Type: Treat As Clear
  • Property Match: APN
Lot Information
  • Lot Features: Few Trees, Level
  • Lot Size Acres: 0.28
  • Lot Size Area: 0.28
  • Lot Size Units: Acres
  • Lot Size Square Feet: 12196.8
  • Multi Parcel ID: No
  • Parcel Number: 05229391
Multi Family
Multi-Family Information
  • Number Of Buildings: 1
  • Capitalization Rate: 6.94%
  • Gross Annual Expenses: $1,100
  • Gross Annual Income: $43,200
  • Insurance Expense: $1,500
  • Tenancy: Over 9 Months
  • Total Annual Expenses Include: Maintenance, Water/Sewer
  • Net Operation Income: $40,600.00
Unit 1
  • Approximate SQFT: 1676.0
  • Dining Area Length: 1.0
  • Kitchen Length: 1.0
  • Living Area Length: 1.0
  • Master Bed Length: 1.0
  • Number Of Baths Full: 2
  • Number Of Baths Half: 0
  • Unit Type Type: 3 Bedroom
  • Unit Type Units Total: 1
Unit 2
  • Approximate SQFT: 1596.0
  • Dining Area Length: 1.0
  • Kitchen Length: 1.0
  • Living Area Length: 1.0
  • Master Bed Length: 1.0
  • Number Of Baths Full: 2
  • Number Of Baths Half: 0
  • Unit Type Type: 3 Bedroom
  • Unit Type Units Total: 1

Property History for 5308 South 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 5308 South Drive

Taxable ValueLand$45,000Additions$453,273Total$498,273
Tax Record2023$7,494 ($625 / month)
Home Facts
Total Finished SqFt3,192 SqFtAbove Grade Finished SqFt3,192 SqFtStories1Lot Size1 SqFtStyleDuplexYear Built1970Year Renovated1995CountyTARRANTAPN46035-108-14

Schools near 5308 South Drive

This home is within Fort Worth Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Bruce Shulkey Elementary School
PublicPK to 5

Wedgwood 6th Gr School
Public6

Wedgwood Middle School
Public7 to 8

Southwest 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.

Similar Homes

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5308 South Drive is a multi-family home for sale in Fort Worth, TX 76132. This property was listed for sale on September 23, 2024 by Doorway Real Estate Group INC, it's currently listed at $585,000. It has been on the market for a total of 99 days and was last sold on July 11, 2022. This listing's school district is Fort Worth Independent School District. Nearby schools include Bruce Shulkey Elementary School, Wedgwood 6th Gr School and Wedgwood Middle School. 5308 South Drive is a 0-bed, 0-bath, 3,192 sqft multi-family home built in 1970.

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 Doorway Real Estate Group INC, Eric Hathman

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