3425 and 3427 Republic Drive Forest Hill, TX 76140
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Heritage Heights Add
MLS Listing ID 21383328
Bedrooms 6
Full Baths 4
HOA Y/N None
Total Fin. Sqft 2600
Year Built 1986
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type Duplex
Property Description
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.
Location
State TX
County Tarrant
Direction I20 to Forest Hill Drive, right on Forest Hill to Republic, right on Republic
Interior
Interior Features Cable TV Available, High Speed Internet Available, Open Floorplan, Other, Pantry, Walk-In Closet(s)
Heating Central, Electric
Cooling Ceiling Fan(s), Central Air, Electric
Flooring Ceramic Tile
Fireplaces Number 2
Fireplaces Type Brick, Wood Burning
Appliance Electric Range, Microwave, Refrigerator
Heat Source Central, Electric
Exterior
Carport Spaces 4
Fence Fenced, Wood
Utilities Available City Sewer, City Water, Concrete, Electricity Available, Individual Water Meter, Underground Utilities
Roof Type Shingle
Garage No
Building
Story One
Foundation Slab
Level or Stories One
Structure Type Brick
Schools
Elementary Schools Ray
High Schools Everman
School District Everman Isd
Others
NEARBY SCHOOL & BUSINESS
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