5933 Shadydell Drive

Fort Worth, TX 76135

$6,120,000
Price
72
Beds
38,880 Sq. Ft.
$157 / Sq. Ft.
38,880
Sq. Ft.
$157
per Sq. Ft.

Description

Offering package sale of 9 Fourplexes townhomes (36 Units) , 2 stories Built year 1985 and Renovated 30 units in 2022,2023 and 6 units can be improved to fetch higher rent to increase value. This will be a good Strategy Value-Add multifamily for the positive cash-flow. The current average effective rent $1300, whereas the average market rent is $1500. Most of occupied tenants are on annual lease and it will be a great opportunity to increase rent to generate more income during the lease renewals...Offering package sale of 9 Fourplexes townhomes (36 Units) , 2 stories Built year 1985 and Renovated 30 units in 2022,2023 and 6 units can be improved to fetch higher rent to increase value. This will be a good Strategy Value-Add multifamily for the positive cash-flow. The current average effective rent $1300, whereas the average market rent is $1500. Most of occupied tenants are on annual lease and it will be a great opportunity to increase rent to generate more income during the lease renewals to improve the cashflow. Great brick fourplex with 90% occupancy. Nice floorplans with wood burning fireplaces, private fenced patios, covered parking and storage spaces. All kitchen appliances included. Rentable Sqft 38880 Sqft, Total Land 2.85 Acres, Configuration 2 Bed and 1 ½ Bath. Seller is willing to sell the individual fourplexes with quick closing Do not disturb tenants! Showings is not allowed until the offer is executed and the proof of funds are submitted
  1. Listed by Abdul Jameel Abdur Rahman • TREC #0738887 • My Dream Home Helpers Realty • 214-264-2737

Property Details for 5933 Shadydell Drive

Subdivision Name
SHADYDELL
Pool
No
Number Of Parking Spaces
72
LISTING UPDATED: 11/16/2024 03:18 PM

Property Details for 5933 Shadydell Drive

StatusActive
MLS #20607886
Days on Market228
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fourplex
Year Built1985
Lot Size2.85 AC / 124,146 SF
CountyTarrant County

Building Information for 5933 Shadydell Drive

Stories2Residences36Year Built1985Building Size-Lot Size2.85 AC / 124,146 SF

Property Information for 5933 Shadydell Drive

Summary
Location and General Information
  • Complex Name: SHADYDELL TOWNHOMES
  • Directions: PLEASE FOLLOW GPS
  • Elementary School: Greenfield
  • Elementary School Name: Greenfield
  • High School: Chisholm Trail
  • High School Name: Chisholm Trail
  • Middle School: Ed Willkie
  • Year Built Details: Preowned
  • School District: Eagle MT-Saginaw ISD
  • Geocode Confidence: High
  • Latitude: 32.82
  • Longitude: -97.42
  • State: Texas
Parking
  • Parking Features: Carport
  • Carport Spaces: 0
  • Garage: No
Taxes and HOA Information
  • Association Type: None
  • Special Taxing Entities: No
Virtual Tour
Interior and Exterior Features
Interior Features
  • Fireplace Features: Living Room
  • Flooring: Carpet, Ceramic Tile, Laminate
  • Heating: Electric
  • Interior Features: Walk-In Closet(s)
  • Appliances: Dishwasher, Electric Range, Microwave, Refrigerator
  • Basement: No
  • Cooling: Electric
  • Living Area: 38880.0
  • Smart Home Features Appor Pass Y: No
Exterior Features
  • Building Area Source: Owner
  • Construction Materials: Brick, Siding
  • Foundation Details: Other
  • Number Of Stories: 2
  • Roof: Asphalt
  • Number Of Units Total: 36
  • Levels: Two
Property
Utilities
  • Utilities: City Sewer, City Water
Property and Assessments
  • Exclusions: TENANTS BELONGINGS, MINERALS
  • Financing Proposed: 1031 Exchange, Cash, Contact Agent, Conventional
  • Handicap: No
  • Loan Type: Treat As Clear
  • Property Match: APN
Lot Information
  • Lot Size Acres: 2.85
  • Lot Size Area: 2.85
  • Lot Size Units: Acres
  • Lot Size Square Feet: 124146.0
  • Multi Parcel ID: Yes
  • Parcel Number: 05433010
Multi Family
Multi-Family Information
  • Number Of Buildings: 36
  • Capitalization Rate: 6.32%
  • Gross Annual Expenses: $187,062
  • Gross Annual Income: $573,932
  • Insurance Expense: $27,948
  • Total Annual Expenses Include: Insurance, Maintenance, Professional Management
  • Net Operation Income: $386,870.00
Unit 1
  • Approximate SQFT: 1080.0
  • Average Lease Amount: $1,300.00
  • Dining Area Length: 0.0
  • Dining Area Width: 0.0
  • Kitchen Length: 0.0
  • Kitchen Width: 0.0
  • Living Area Length: 0.0
  • Living Area Width: 0.0
  • Master Bed Length: 0.0
  • Master Bed Width: 0.0
  • Number Of Baths Full: 1
  • Number Of Baths Half: 1
  • Unit Type Type: 2 Bedroom
  • Unit Type Units Total: 36

Property History for 5933 Shadydell 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 5933 Shadydell Drive

Taxable ValueLand$18,000Additions$460,405Total$478,405
Tax Record2023$13,363 ($1,114 / month)
Home Facts
Total Finished SqFt4,352 SqFtAbove Grade Finished SqFt4,352 SqFtStories2Lot Size12,349 SqFtStyleTriplexYear Built1985CountyTARRANTAPN24815-11-2

Schools near 5933 Shadydell Drive

This home is within Eagle Mt-Saginaw Independent School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Greenfield Elementary School
PublicK to 5

Ed Willkie Middle School
Public6 to 8

Chisholm Trail High School
Public9 to 12

Elmer C Watson 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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5933 Shadydell Drive is a multi-family home for sale in Fort Worth, TX 76135. This property was listed for sale on May 3, 2024 by My Dream Home Helpers Realty, it's currently listed at $6,120,000. This listing's school district is Eagle Mt-Saginaw Independent School District. Nearby schools include Greenfield Elementary School, Ed Willkie Middle School and Chisholm Trail High School. 5933 Shadydell Drive is a 72-bed, 0-bath, 38,880 sqft multi-family home built in 1985.

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 My Dream Home Helpers Realty, Abdul Jameel Abdur Rahman

The information being provided by North Texas Real Estate Information Systems (NTREIS) and Greater Tyler Association of REALTORS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. This website may reference real estate listing(s) held by a brokerage firm other than Compass. Any information relating to real estate for sale in Dallas, Texas comes from NTREIS. Listings marked with an icon are provided courtesy of the NTREIS Internet Data Exchange database. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with appropriate professionals.The data contained herein is copyrighted by NTREIS and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2024 North Texas Real Estate Information Systems. All rights reserved. Date last updated: 11/16/2024 03:18 PM