6800 Oak Crest Drive W, Kennedale, TX 76140
6800 Oak Crest Drive W, Kennedale, TX 76140
6800 Oak Crest Drive W, Kennedale, TX 76140
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David Sheehan

David Sheehan

REFLECT Real Estate

+1(214) 923-5897
$1,050,000
Est. payment /mo
15 Beds
15 Baths
0.35 Acres Lot
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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Multiple Single Units

Listing Status Active

Purchase Type For Sale

Subdivision Oak Crest Add

MLS Listing ID 21195683

Bedrooms 15

Full Baths 12

Half Baths 3

HOA Y/N None

Total Fin. Sqft 10000

Year Built 2025

Annual Tax Amount $450

Lot Size 0.349 Acres

Acres 0.349

Property Sub-Type Multiple Single Units

Property Description

New Construction Five-Plex 90% Complete! INVESTOR OPPORTUNITY. We are the direct owners of this 5-unit multifamily property and have decided to sell. We are offering this opportunity to an investor who can take it across the finish line. Property Overview: One building on one lot, 5 total units, 5 electric meters, 1 water meter, 1 tax account, Approx. 1,500 sqft per unit. Unit Mix: 3 Interior Units each with 3 bed-2.5 bath, 2 End Units each with 4 bed-3 bath. We have a recent $1.6 million appraisal based on multifamily comps (pulled from a slightly wider radius due to classification). Full appraisal available to serious buyers. What's Left to Finish: Interior (near completion): Flooring, Baseboards, Minor cosmetic touch-ups. Completed: Mechanical rough-ins, Water connected, Electricity connected, Electrical final passed. The only remaining HVAC item is installation of the exterior condenser units, and we already have those units and will include them in the sale. Exterior (main cost item): Concrete walkways leading to units need to be redone due to prior contractor error. Estimated remaining cost to complete: ~$80,000. The City is eager to see this project completed and has indicated they are willing to work with the new buyer. Because the original permit expired, the City is willing to waive new permit fees for the incoming owner. Transition Package Included, We have organized documentation and will provide a Dropbox folder including: Full appraisal, Photos & videos, Civil plans, Trade contacts (MEP, subs, etc.), Project documentation. This is not a blind project, the groundwork is done. Asking $1,050,000 or best offer. At this price, with an appraisal at $1.6M and an estimated ~$80K to complete, this is positioned for strong upside for the right operator. If you are a serious investor, please contact me and I will send you a Dropbox link with all property information. Let's make a deal.

Location

State TX

County Tarrant

Direction Use GPS. From 287 Bus S, turn right on Oak Crest Dr. Building will be on the left.

Interior

Interior Features Other

Heating Electric

Cooling Electric

Flooring Other

Appliance Other

Heat Source Electric

Exterior

Garage Spaces 10.0

Utilities Available City Sewer, City Water, Electricity Available

Roof Type Composition

Total Parking Spaces 10

Garage Yes

Building

Story Two

Foundation Slab

Level or Stories Two

Structure Type Stucco

Schools

Elementary Schools Sellers

Middle Schools Forest Oak

High Schools Wyatt Od

School District Fort Worth Isd

Others

Acceptable Financing Contact Agent

Listing Terms Contact Agent

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21195683

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Reflect Real Estate

Reflect Real Estate

+1(214) 449-1822

Brokerage | License ID: 9010073

Brokerage License ID: 9010073

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