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3124 Cherry Lane , Fort Worth, TX 76116

$400,000
  • 3124 Cherry Lane , Fort Worth, TX 76116 Main Photo

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Active
BEDS6 BATHS4 full MLS#21329758
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONBroadmoor Add SCHOOLFort Worth ISD

Property Description

Texas Cash Flow Duplex Turn Key investment opportunity in Fort Worth's West Side. This beautifully built 2007 duplex features two spacious 3 bed 2 bath units each with attached garage and privacy fenced yard. Whether you're adding to your portfolio or stepping into your first investment property, 3124-3126 Cherry Lane delivers quality construction, strong rental income, and a location that keeps units leased. 3 bed 2 bath per unit 2,236 total sq ft building. Updated luxury vinyl plank flooring throughout living areas of both units - durable, attractive, tenant-approved. Tile in bathrooms and kitchens. 3124 Cherry Lane Lease expires March 2027 rent is below market at $1395. 3126 Cherry Lane Vacant for Showings listed for lease at $1595. Rents have room to increase at renewal you're buying in below where the market is heading. No HOA your asset, your rules. Very good overall condition this is not a project, it's a performer. New Roof 2023, Electricity and Water separately metered and residents responsibility, Property Taxes 2025 $7,068.50 Annual Insurance 2025 $1,194.33 Why West Fort Worth? Why Now? DFW's growth is shifting west. Western Tarrant and Parker Counties is where land, capital, and corporate expansion are heading as the eastern metro fills up. Investors who position now are buying ahead of the wave. The fundamentals are hard to beat: Anchor employers that don't blink Lockheed Martin, Naval Air Station JRB, Bell Textron, and the West Fort Worth medical corridor keep tenant demand steady year after year. Camp Bowie is booming record-low retail vacancy. Texas tailwinds no state income tax, landlord-friendly laws, sustained population growth. Professionally managed by Turn Key Real Estate Management, LLC a full-service residential property management company serving the DFW Metroplex since 2008. The current management team is happy to continue serving the new owner making for a truly Turn Key investment from day one

3124 Cherry Lane | MLS# 21329758

This multi-family property located at 3124 Cherry Lane , Fort Worth, TX 76116 is currently listed for sale with an asking price of $400,000. Cherry Lane is located within the Fort Worth ISD school district. Search Fort Worth real estate on www.kellyrealtors.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Ceiling Fan(s), Central Air, Electric
Garage: 2 car attached
Heating: Central, Electric
Lot Size: 0.18 Acres
Roof Type: Composition
Year Built: 2007

Amenities

Granite Counters
Open Floorplan

Feature Descriptions

Appliances: Dishwasher, Electric Range, Electric Water Heater, Refrigerator
Days on Site: 11
Exclusions: Resident Belongings
Exterior: Brick, Siding
Fencing: Wood
Flooring: Ceramic Tile, Luxury Vinyl Plank
Parcel#: 41493060
Parking: Garage
Parking Notes: Garage
Patio/Porch: Covered, Patio
Units: 2
Utilities: City Sewer, City Water, Individual Water Meter

Local Schools

Elementary School: Westn Hill
School District: Fort Worth ISD

Listed By / Shown By

Listed By

Agency Name: Turn Key Real Estate Mgmt LLC
Agency Contact: 877-727-4767
Agent Name: Scott Richardson

Shown By

Agency Title: Kelly, Realtors
Agency Phone: (254) 741-1500
Agency Email: info@kellyrealtors.com
Agency Text: (254) 717-6447

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Estimated Payment

$ 1,006.89 per month $890.23 Principal & Interest $0.00 Property Tax (data not provided by mls) $116.67 Homeowner's Insurance

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