3124 Cherry Lane, Fort Worth, TX

$380,000

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6

Beds

4

Baths

0.18

Acres

About 3124 Cherry Lane

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 $1395. 3126 Cherry Lane Vacant for Showings listed for lease at $1395. 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

Features of 3124 Cherry Lane

MLS® # 21329758
Price $380,000
Bedrooms 6
Bathrooms 4.00
Full Baths 4
Acres 0.18
Year Built 2007
Type Residential Income
Sub-Type Duplex
Status Active

Community Information

Address 3124 Cherry Lane
Subdivision Broadmoor Add
City Fort Worth
County Tarrant
State TX
Zip Code 76116-3929

Amenities

Utilities City Sewer, City Water, Individual Water Meter
Parking Spaces 2
# of Garages 2
Garages Garage
Is Waterfront No
Pool On Property No

Interior

Interior Features Granite Counters, Open Floorplan
Heating Central, Electric
Fireplace No

Exterior

Roof Composition
Construction Brick, Siding
Foundation Slab

School Information

District Fort Worth ISD
Elementary Westn Hill
Middle Leonard
High Westn Hill

Additional Information

Flooring Ceramic Tile, Luxury Vinyl Plank
Net Income $32,172
Building Sqft 2,236
# Units 2

Listing Details

AgentScott Richardson
OfficeTurn Key Real Estate Mgmt LLC
Contact Info877-727-4767

Listing Map

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