Price Reduced ListingTurnkey Full Duplex in Forest Hill - High-Yield Investment Opportunity Excellent opportunity to acquire a cash-flowing, renovated, low-maintenance full duplex located at 3425 & 3427 Republic Dr, Forest Hill, TX. Perfect for a portfolio addition or a house-hack investor looking to live in one side while letting the neighboring tenant pay down the mortgage. Financial and Property Highlights: Strong Performance Metrics: Delivering an incredible 7.56% Cap Rate for self-managed owners, or a strong 6.78% Cap Rate under professional management. Clean Operational Structure: Tenants pay 100% of all utilities (individually metered for electric, water, and trash), leaving zero seasonal utility risk or overhead drag for the owner. Immediate Cash Flow & Showings: Unit 3425 is currently occupied by a stable tenant paying $1,600 per month. Unit 3427 is intentionally vacant, freshly prepared for immediate buyer showings, and has a proven historical rental rate of $1,600 per month. Major Capital Expense Completed: Features a brand-new roof (Oct 2026), significantly reducing any near-term maintenance exposure and securing your equity. Low Fixed Expenses: Total documented holding costs include $5,279.87 in annual property taxes and $1,640.19 in annual property insurance. Property Layout: Each side features a spacious, highly functional 3-bedroom, 2-bathroom layout (6 bedrooms and 4 bathrooms total across the entire asset, totaling approximately 2,600 square feet). Units feature functional open concepts, durable flooring tailored for tenant longevity, and ample dedicated parking. Positioned in a high-demand rental submarket of Tarrant County with easy transit access across the DFW Metroplex, this asset is optimized for long-term equity growth and steady monthly yields. Excludes: All tenants personal property.
| MLS # | 21383328 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1986 |
| Days On Site | 58 |
| Listing Provided By | Great Real Estate, Inc. | Maria Madigan |
| Bed(s) | 6 |
|---|---|
| Bath(s) | 4 Total |
| Car Port | Yes |
| Story(s) | 1 |
| Units | 1 |
| Building(s) | 1 |
| Acreage | 0.09 |
| Cooling | Ceiling Fan(s), Central Air, Electric |
|---|---|
| Heating | Central, Electric |
| Interior Features | Cable TV Available, High Speed Internet Available, Open Floorplan, Other, Pantry, Walk-In Closet(s) |
| Appliances | Electric Range, Microwave, Refrigerator |
| Fireplace Features | Brick, Wood Burning |
| Roof | Shingle |
|---|---|
| Construction Materials | Brick |
| Foundation Details | Slab |
| Garage Yn | 0 |
|---|---|
| Parking Features | Assigned |
| Utilities | City Sewer, City Water, Concrete, Electricity Available, Individual Water Meter, Underground Utilities |
|---|
| Tax Lot | 16 |
|---|---|
| Tax Block | B |
| Tax Legal Description | HERITAGE HEIGHTS ADDITION BLK |
| State | TX |
|---|---|
| County | Tarrant |
| City | Forest Hill |
| Zip Code | 76140 |
| Area | Tarrant |
| Community Name | Heritage Heights Add |
| School District | Everman ISD |
| Elementary School | Ray |
| High School | Everman |
| Listing VS Median (in Heritage Heights Add) | |
Price: $374,975 low | high Med: $1,845 On site: 58 low | high Med: 11 | |
| State | TX |
|---|---|
| County | Tarrant |
| City | Forest Hill |
| Zip Code | 76140 |
| Area | Tarrant |
| Community Name | Heritage Heights Add |
| School District | Everman ISD |
| Elementary School | Ray |
| High School | Everman |
| Listing VS Median (in Heritage Heights Add) | |
Price: $374,975 low | high Med: $1,845 On site: 58 low | high Med: 11 | |