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$250,000

6118 Farmingdale Dr, Arlington, TX, 76001

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,456 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$171.7 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

BankruptcyAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range

Exterior

Lot Size7,867 sqft

Building Information

Year Built1983
Garage Spaces2

Land Information

APN39668-D-4
Lot Number4
SubdivisionSouthridge Addition
Land UseResidential
Legal DescriptionSOUTHRIDGE ADDITION BLOCK D LOT 4
Census Tract111402
Assessed Land Value$56,869
Assessed Improvement Value$221,365
Assessment Year2025

About this property

A BASEMENT HOME IN SOUTH ARLINGTON? Now that's an investment opportunity you don't see every day! Located in an established South Arlington neighborhood and zoned to Martin High School, this unique 3-bedroom, 2-bath home is packed with potential for investors, renovators, or buyers looking to create something special. Situated on a spacious corner lot at the entrance of a quiet cul-de-sac, this home offers a functional floor plan, generously sized bedrooms, and solid bones ready for a fresh vision. While the interior could benefit from cosmetic updates, the home offers a great foundation for a transformation. The standout feature is the unfinished basement, a rare find in North Texas! With the potential to become a game room, media room, home gym, or additional living space, this unfinished area presents an exciting opportunity to expand the home's functionality and potentially increase its value. Outside, the large lot and spacious backyard offer even more possibilities for outdoor living, entertaining, or future improvements. With its desirable South Arlington location, Martin High School zoning, oversized lot, and rare basement, this property offers a combination of features that's hard to find. More Photos Coming Soon!

Investor Tools

$0Estimated Mortgage Balance
$292,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,752 /month
Positive
Cash Flow Estimate:
$584 /month

Interested in this property?

Nathanael Reddick

Point Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$259/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,651
$278,234
2025
$56,869
$221,365
$278,234
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,651
$278,234

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$292,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,530/mo
N/A
+$2,530/mo
10.4%

City: Arlington