About 7504 Chapin Road
Unlock the potential of this 4-unit income property located at 7504 Chapin Dr, Fort Worth, TX 76116. Currently operating at approximately 75% occupancy, this property presents an opportunity for an investor to acquire an income-producing asset with potential to increase revenue through improved occupancy and management. The property features four individual units, offering the benefits of multifamily ownership while spreading rental income across multiple tenants. With three-quarters of the units currently occupied, an investor has an opportunity to stabilize the remaining vacancy and potentially enhance the property's overall cash flow. Located in Fort Worth, the property provides convenient access to major roadways, employment centers, shopping, dining, and other area amenities. Whether you're looking to add to an existing rental portfolio or seeking a multifamily investment with additional upside, 7504 Chapin Dr offers a combination of current rental income and value-add potential.
Features of 7504 Chapin Road
| MLS® # | 21389114 |
|---|---|
| Price | $650,000 |
| Bedrooms | 8 |
| Bathrooms | 4.40 |
| Full Baths | 4 |
| Half Baths | 4 |
| Square Footage | 4,298 |
| Acres | 0.28 |
| Year Built | 1984 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
Community Information
| Address | 7504 Chapin Road |
|---|---|
| Subdivision | Highland Homes Add |
| City | Fort Worth |
| County | Tarrant |
| State | Texas |
| Zip Code | 76116-7747 |
Amenities
| Utilities | Alley, City Sewer, City Water |
|---|---|
| Parking Spaces | 4 |
| Garages | Alley Access, Carport |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Other |
|---|---|
| Heating | Electric |
| Fireplace | Yes |
| # of Fireplaces | 1 |
| Fireplaces | Living Room, Wood Burning |
Exterior
| Roof | Composition |
|---|---|
| Construction | Brick, Siding |
| Foundation | Slab |
School Information
| District | Fort Worth ISD |
|---|---|
| Elementary | Luellamerr |
| Middle | Leonard |
| High | Westn Hill |
Financial Information
| HOA | None |
|---|
Additional Information
| Short Sale | No |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Agent | Ikay Aburime |
|---|---|
| Office | Targetcost Realty |
| Contact Info | 972-504-8021 |