620 Race St. Units A, B, C, & D

Value-Add Fourplex | One Vacant Unit | Below-Market Rents | Strong Section 8 Potential

1985 YB | No HOA | .224 Lot Size

Each Unit: 2 Bed | 1 Bath | 939 sqft | W/D Hookups | 2 Parking Spots

House Hack | MTR | STR | LTR Opportunity

Asking Price: $510,000

Financing Accepted: Cash, Conventional, FHA, VA, and 1031 Exchange

No Subject-To, Owner Financing, or Creative Financing

Current Gross Income: $3,185/mo

Potential Gross Income: $4,800–$5,600/mo

3 Units Leased Below Market Rent

Tenants Pay Water, Electric & Internet

Unit A Vacant

Unit B $1,095

Unit C $1,000

Unit D $1,090

Market Rent

Between $1,200 & $1,400

SECTION 8 Opportunity: Current 2026 Housing Choice Voucher payment standard for a 2-bedroom in ZIP 76036: up to $2,030/month (gross). Actual approved rent is subject to Tarrant County's rent reasonableness determination.

Updates

2022 HVAC

2021 Roof

2021 Windows

2024 Stairs, Concrete Redone & Railings Painted

Siding, Paint & Repairs, Various Cosmetic Updates, Appliance Replacements, Flooring & Parking Lot Paint Striping have been done throughout the 10 years of ownership