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$275,000

1705 N Riverside Drive B, Fort Worth, TX, 76111

On MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,229 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$223.76 / sqft
Year BuiltBuilt in 1947

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesSome Gas Appliances, Dishwasher, Disposal, Gas Range, Gas Water Heater, Plumbed For Gas
FlooringCarpet, Luxury Vinyl Plank, Wood

Exterior

Lot Size7,797 sqft

Building Information

Year Built1947
Stories1
Garage Spaces2

Land Information

APN41160-11-10
Lot Number10
SubdivisionSylvan Heights Addn-Fort Worth
Land UseResidential
Legal DescriptionSYLVAN HEIGHTS ADDN-FORT WORTH BLOCK 11 LOT 10
Census Tract100101
Assessed Land Value$39,000
Assessed Improvement Value$162,000
Assessment Year2025

About this property

This is a multi-generational property. The primary home has 1431 square feet. Additional living quarters equipped with second kitchen and bath has 448 square feet. The total square footage is 1879. This completely remodeled home is near downtown Fort Worth and Airport Freeway and I-35. Please see building sketch and survey in documents. This home has new HVAC, water heater, windows and doors, freshly painted inside and out. New flooring, updated cabinets and counter tops. There is a huge storage area connected to the one car garage. Seller was in middle of installing bathroom and toilet has been installed. This property is a great investment can also be 3 rental properties if approved by the City of Fort Worth.

Investor Tools

$108,987Estimated Mortgage Balance
$227,013Estimated Equity
67% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,016 /month
Positive
Cash Flow Estimate:
$672 /month

Interested in this property?

Mary Earls

The Michael Group Real Estate

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$507/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,400
$201,000
2025
$39,000
$162,000
$201,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,400
$201,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Conventional
$125,000
No
First
Mar 13, 2020
Apr 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$108,987
$227,013
67%
32%
$750/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$750/mo
+$1,177/mo
6.9%

City: Fort Worth

1705 N Riverside Drive B | Property Details | No Agent List