7418 Novella Drive

Fort Worth, TX 76134

$449,000
Price
3
Beds
2
Baths
2,068 Sq. Ft.
$217 / Sq. Ft.
2,068
Sq. Ft.
$217
per Sq. Ft.

Description

Great Investment Opportunity This FULL DUPLEX, built in 2015, is located on a desirable street for rentals. Each unit features 3 bedrooms, 2 bathrooms, and a 1-car garage. Rental rates in the area have been on the rise, with recent market rents at $1,700 per unit. This property offers easy access to I-35 and nearby employers, making it an attractive option for tenants. Both units are currently rented, with tenants paying all utilities, providing a solid cash flow opportunity. The current rents are...Great Investment Opportunity This FULL DUPLEX, built in 2015, is located on a desirable street for rentals. Each unit features 3 bedrooms, 2 bathrooms, and a 1-car garage. Rental rates in the area have been on the rise, with recent market rents at $1,700 per unit. This property offers easy access to I-35 and nearby employers, making it an attractive option for tenants. Both units are currently rented, with tenants paying all utilities, providing a solid cash flow opportunity. The current rents are $1,64 per unit. No wholesaling, please. The property is tenant-occupied—DO NOT DISTURB.

Property Details for 7418 Novella Drive

Subdivision Name
Morris Estates
Pool
No
Garage Spaces
1
Number Of Parking Spaces
2
Lot Size Dimensions
6002
LISTING UPDATED: 11/13/2024 02:10 PM

Property Details for 7418 Novella Drive

StatusActive
MLS #20718387
Days on Market4
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Full Duplex
Year Built2015
Lot Size0.14 AC / 6,011 SF
CountyTarrant County

Building Information for 7418 Novella Drive

Stories1Residences2Year Built2015Building Size-Lot Size0.14 AC / 6,011 SF

Property Information for 7418 Novella Drive

Summary
Location and General Information
  • Block: 4
  • Complex Name: None
  • Directions: I-35 exit Sycamore School Road
  • Elementary School: Sycamore
  • Elementary School Name: Sycamore
  • High School: Crowley
  • High School Name: Crowley
  • Middle School: Crowley
  • Senior Community Yes/No: No
  • Year Built Details: Preowned
  • School District: Crowley ISD
  • Geocode Confidence: High
  • Latitude: 32.64
  • Longitude: -97.34
  • State: Texas
Parking
  • Parking Features: Garage
  • Carport Spaces: 0
  • Attached Garage: Yes
  • Parking Spaces Covered Total: 1
  • Garage: Yes
Taxes and HOA Information
  • Tax Legal Description: MORRIS ESTATES BLOCK 4 LOT 14
  • Association Type: None
  • Tax Lot: 14
Virtual Tour
Interior and Exterior Features
Interior Features
  • Flooring: Laminate
  • Heating: Central, Electric
  • Interior Features: Cable TV Available
  • Appliances: Electric Range
  • Basement: No
  • Cooling: Central Air, Electric
  • Smart Home Features Appor Pass Y: No
Exterior Features
  • Building Area Source: Public Records
  • Construction Materials: Brick
  • Foundation Details: Slab
  • Number Of Stories: 1
  • Roof: Composition
  • Waterfront: No
  • Number Of Units Total: 2
  • Levels: One
Property
Utilities
  • Utilities: City Sewer, City Water
Property and Assessments
  • Accessory Unit: No
  • Financing Proposed: Cash, Conventional
  • Handicap: No
  • Loan Type: Treat As Clear
  • Property Match: APN
Lot Information
  • Lot Size: Less Than .5 Acre (not Zero)
  • Lot Size Acres: 0.138
  • Lot Size Area: 0.138
  • Lot Size Units: Acres
  • Lot Size Square Feet: 6011.28
  • Multi Parcel ID: No
  • Parcel Number: 41106466
Multi Family
Multi-Family Information
  • Number Of Buildings: 1
  • Capitalization Rate: 3.45%
  • Gross Annual Expenses: $12,000
  • Gross Annual Income: $40,800
  • Insurance Expense: $2,500
  • Total Annual Expenses Include: Accounting, Maintenance, Other
  • Net Operation Income: $15,480.00
Unit 1
  • Approximate SQFT: 1034.0
  • Average Lease Amount: $1,145.00
  • 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: 2
  • Number Of Baths Half: 0
  • Unit Type Type: 3 Bedroom
  • Unit Type Units Total: 1
Unit 2
  • Approximate SQFT: 1034.0
  • Average Lease Amount: $1,145.00
  • 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: 2
  • Number Of Baths Half: 0
  • Unit Type Type: 3 Bedroom
  • Unit Type Units Total: 1

Property History for 7418 Novella 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 7418 Novella Drive

Taxable ValueLand$20,000Additions$307,212Total$327,212
Tax Record2023$8,062 ($672 / month)
Home Facts
Total Finished SqFt2,068 SqFtAbove Grade Finished SqFt2,068 SqFtStories1Lot Size5,998 SqFtStyleDuplexYear Built2015CountyTARRANTAPN26795-4-14

Schools near 7418 Novella Drive

This home is within Crowley Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 3
Rating
School
Distance
Sycamore Elementary School
PublicPK to 5

H F Stevens Middle School
Public6 to 8

Crowley High School
Public9 to 12

CROWLEY MONTESS
PublicPK to 3

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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Similar Sold Homes

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7418 Novella Drive is a multi-family home for sale in Fort Worth, TX 76134. This property was listed for sale on October 31, 2024 by Keller Williams Realty DPR, it's currently listed at $449,000. It has been on the market for a total of 4 days and was last sold on March 10, 2022. This listing's school district is Crowley Independent School District. Nearby schools include Sycamore Elementary School, H F Stevens Middle School and Crowley High School. 7418 Novella Drive is a 3-bed, 2-bath, 2,068 sqft multi-family home built in 2015.

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 Keller Williams Realty DPR, Mohammed Kadhim

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: 11/13/2024 02:10 PM