Fort Worth, TX 76104,1420 & 1422 E Mulkey Street

$260,000

Est. payment /mo
Est.Price: ?

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1420 & 1422 E Mulkey Street Fort Worth, TX 76104

6 Beds

4 Baths

5,998 Sqft Lot

SOLD DATE : 05/08/2025

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Subdivision Ryan Southeast Add

MLS Listing ID 20881253

Bedrooms 6

Full Baths 4

Year Built 2005

Annual Tax Amount $6,644

Lot Size 5,998 Sqft

Property Sub-Type Duplex

Property Description

Duplex Investment Opportunity. House Hack & Build Wealth! This duplex at 1420 E Mulkey St, Fort Worth, TX is a prime opportunity for house hackers and investors alike! Live in one unit while renting out the other for $1,350 a month, drastically reducing your housing costs while building equity. Key Features: Two Units, perfect for rental income or multi-generational living House Hack Potential. Offset your mortgage with rental income $1,350 Monthly Rental Income. Helps cover mortgage and expenses Tiled Floors Throughout. Low maintenance and durable Spacious Kitchen and Living Areas. Ready for your updates Prime Location. Close to highways, shopping, and schools Updated Mortgage Savings Estimate: Purchase Price: $260,000 Down Payment FHA 3.5%: $9,100 Loan Amount: $250,900 Interest Rate 7% Estimate: $1,668 a month P and I Taxes and Insurance Estimate: $300 a month Est Total Monthly Payment: $1,968 Rental Income from One Unit: $1,350 Your Out-of-Pocket Cost: ONLY $618 a month! Potential ROI and Cash Flow: Market Rent for Both Units: $2,700 a month Annual Rental Income If Fully Rented : $32,400 Estimated Annual Expenses Taxes, Insurance, Maintenance: $8,000 Potential Net Income if Fully Rented: $24,400 a year Cash on Cash Return with 3.5% down: 30-35% This is a turnkey investment opportunity that allows you to live for less while building wealth through real estate. Whether you're an investor or a first-time homebuyer, this duplex is a smart move! Call today to schedule a showing!

Location

State TX

County Tarrant

Interior

Heating Central, Electric

Cooling None

Flooring Ceramic Tile

Exterior

Utilities Available City Sewer, City Water

Roof Type Composition

Building

Story One

Foundation Slab

Structure Type Brick

Schools

Elementary Schools Mg Ellis

Middle Schools Riverside

High Schools Carter Riv

School District Fort Worth Isd

Others

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
Listed by Aaron Jistel • Listing Spark
Bought with Animesh Prabhakar • Classik Management Co
agent

Ryan Jacobsen

REALTOR | License ID: 995702158

+1(318) 272-0272

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