Fort Worth, TX 76134 7418 Novella Drive

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Presented By: Scott Neal with Scott Neal Real Estate; 214-295-5060
  • MLS# 20938335
  • 05/15/2025
  • Request Tour
  • Request Info
  • Beds • 6
  • Baths • 4
  • Garage • 2

Home Details

Prime Investment Property – Full Duplex Built in 2015 Don’t miss this outstanding investment opportunity! This full duplex sits on a highly sought-after street for rentals and offers two mirror-image units, each with 3 bedrooms, 2 bathrooms, and a 1-car garage. Built in 2015, the property has been well-maintained and continues to attract solid tenants. Rental demand in the area is strong, with current market rents around $1,700 per unit. Both sides are already leased at $1,640 per month, and tenants are responsible for all utilities, keeping overhead low and cash flow steady. The location provides quick access to I-35 and is conveniently close to major employers, making it ideal for long-term occupancy. Please note: the property is tenant occupied, do not disturb tenants. No wholesaling.
Presented By: Scott Neal with Scott Neal Real Estate; 214-295-5060

Interior Features for 7418 Novella Drive

Bedrooms

Total Bedrooms6

Bathrooms

Total Baths4

Other Interior Features

Unit Count2
Lock Box TypeOther
FlooringLaminate
Interior FeaturesCable TV Available, Decorative Lighting
Total Units2

General for 7418 Novella Drive

# of Buildings1
AppliancesElectric Range
Capitalization Rate3.87
CityFort Worth
Complex NameNone
Construction MaterialsBrick
CoolingCentral Air, Electric
CountyTarrant
DirectionsGPS
Elementary SchoolSycamore
Elementary School NameSycamore
Full Baths4
Gross Annual Expenses12000.00
HOA TypeNone
HeatingCentral, Electric
High SchoolCrowley
Insurance Expense2500
LevelsOne
Listing TermsCash, Conventional
Number of Garage Spaces2
Occupant TypeTenant
Pool Y/NNo
PossessionClosing/Funding
Property SubtypeDuplex
Property TypeResidential Income
RoofComposition
School DistrictCrowley ISD
Standard StatusActive
StatusActive
Subdivision NameMorris Estates
Unexempt Taxes7973
UtilitiesCity Sewer, City Water
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built2015
Year Built DetailsPreowned

Exterior for 7418 Novella Drive

Attached Garage Y/NYes
Building Area Total2068.00
Covered Spaces2
Foundation Slab
Garage Y/NYes
Lot Size Acres0.1380
Lot Size Area0.1380
Lot Size Square Feet6011.2800
Lot Size UnitsAcres
Number Of Parking Spaces2
Parking FeaturesGarage Faces Front

Additional Details

Price History

Schools

Elementary School Sycamore Elementary School
Middle School N/A
High School N/A

Mec Cheney

Realtor
Price $400,000
MLS#20938335
List Date 05/15/2025
Property Type Multi-Family
Phone 903.570.7479
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Request Info
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