5116 Lovell Avenue new Save Request In-Person Tour Request Virtual Tour
Fort Worth,TX 76107
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Chamberlain Arlington Heights 1St
MLS Listing ID 20999108
Bedrooms 4
Full Baths 4
Year Built 1968
Annual Tax Amount $4,588
Lot Size 6,272 Sqft
Property Sub-Type Duplex
Property Description
Renovated & Income-Producing – 5116 & 5120 Lovell Ave. This full duplex is one of two on this block that were custom-built by famed Fort Worth grocer Roy Pope for his family members.
Ideal opportunity for owner-occupants or investors: this updated full duplex offers immediate rental income and long-term upside. Live in one side and lease the other, or enjoy strong returns from both.
Each side features:
2 bedrooms, 2 bathrooms
Private 2-car garage
Yard space and outdoor living – covered patio at 5116, wood deck at 5120
Fully renovated kitchens with white cabinetry, quartz countertops, stainless appliances including gas cooktop, dual convection ovens, and dishwasher
Modern finishes and well-maintained systems
Dedicated air filtration system between units for odor and air quality control
Unit Details:
5116 Lovell Ave. – 1,598 SF; previously leased for $1,780 per month. Now vacant and move-in ready.
5120 Lovell Ave. – 2,146 SF; leased through 11-30-2025 at $2,250 per month. Includes a fireplace, large living room, and a bonus room ideal for an office or den with access to the deck.
This property sits in a rapidly revitalizing area with ongoing renovation and investment activity. The roof is approximately 8 years old. Owners have maintained the property with care and attention to detail.
2024 cash flow statement available upon request.
Owners prefer to sell both units together but will consider offers on individual sides.
Location
State TX
County Tarrant
Interior
Heating Central,Natural Gas
Cooling Ceiling Fan(s),Central Air,Electric
Flooring Carpet,Ceramic Tile
Fireplaces Number 1
Fireplaces Type Wood Burning
Exterior
Exterior Feature Covered Patio/Porch
Garage Spaces 4.0
Fence Wood,Wrought Iron
Utilities Available Cable Available,City Sewer,City Water
Roof Type Composition
Building
Lot Description Interior Lot,Landscaped
Story One
Foundation Slab
Structure Type Brick,Wood
Schools
Elementary Schools Southhimou
Middle Schools Stripling
High Schools Arlngtnhts
School District Fort Worth Isd
Others
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20999108