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Richard Fricks

rsfricks@yahoo.com +1(214) 476-7805

$ 400,000

Est. payment -/mo

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3124 Cherry Lane Fort Worth, TX 76116

6 Beds

4 Baths

7,797 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision Broadmoor Add

MLS Listing ID 21329758

Bedrooms 6

Full Baths 4

HOA Y/N None

Total Fin. Sqft 2236

Year Built 2007

Annual Tax Amount $7,069

Lot Size 7,797 Sqft

Acres 0.179

Property Sub-Type Duplex

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

Location

State TX

County Tarrant

Direction GPS

Interior

Interior Features Granite Counters, Open Floorplan

Heating Central, Electric

Cooling Ceiling Fan(s), Central Air, Electric

Flooring Ceramic Tile, Luxury Vinyl Plank

Appliance Dishwasher, Electric Range, Electric Water Heater, Refrigerator

Heat Source Central, Electric

Exterior

Garage Spaces 2.0

Fence Wood

Utilities Available City Sewer, City Water, Individual Water Meter

Roof Type Composition

Total Parking Spaces 2

Garage Yes

Building

Story One

Foundation Slab

Level or Stories One

Structure Type Brick,Siding

Schools

Elementary Schools Westn Hill

Middle Schools Leonard

High Schools Westn Hill

School District Fort Worth Isd

Others

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21329758

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Scott Richardson • Turn Key Real Estate Mgmt LLC

Nearby Locations

Richard Fricks

Broker | License ID: 0496395

+1(214) 476-7805

Richard Fricks

3124 Cherry Lane Fort Worth, TX 76116

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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3124 Cherry Lane