Property Attributes
- MLS#20560995
- TypePending
- CountyTARRANT
- CityFort Worth
- NeighborhoodFrisco Heights Add
- Zip76110
- StyleDuplex
- Year Built1978
- Taxes$ 9831
- Price$ 2,400,000
- Bedrooms16
- Full Bathrooms8
- Half Bathrooms0
- Lot Size0.144 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description
Welcome to Wayside Avenue, a 4-duplex ownership opportunity less than a half-mile from the TCU campus. These 4 properties are situated next door to each other and represent an ultra-rare opportunity for redevelopment or buy as a long term hold. All 4 duplexes have been updated within the past 2 years making the long-term play very attractive. Each unit boasts 2 bedrooms plus a loft, 1.5 bathrooms, parking, and approx 1130 square feet. The units feature bright and airy interiors highlighted by contemporary finishes and natural light. As a development opportunity, these properties collectively total a little over one-half acre, creating the optimum land for redevelopment. Four 10-plexes can be constructed to turn the existing footprint of 8 units into a 40-unit property. There are several exit strategies including; buy as a long-term hold in its current capacity, develop into larger student housing units for a long term hold or develop into larger units to be sold in the short term.
Elementary School |
---|
Clayton Li Elementary School |
Price History | |
---|---|
3/19/2024 | Listed $2,700,000 |
4/30/2024 | 12% - $2,400,000 |
General Features
Heating | Central,Electric |
---|---|
Complex Name | Wayside Duplexes |
Cooling | Central Air,Electric |
Utilities | City Sewer,City Water |
Possession | Closing/Funding |
Roof | Composition |
Appliances | Dishwasher,Electric Range,Microwave,Refrigerator |
School District | Fort Worth ISD |
Capitalization Rate | 5.46 |
Year Built | 1978 |
Levels | One and One Half |
Unexempt Taxes | 9831 |
Will Subdivide | No |
Gross Annual Expenses | 9000.00 |
Property SubType | Duplex |
Subdivision Name | Frisco Heights Add |
Insurance Expense | 7200 |
Carport Spaces | 8 |
County | Tarrant |
Property Type | Residential Income |
Construction Materials | Siding |
Year Built Details | Preowned |
HOA Type | None |
# of Buildings | 4 |
Status | Pending |
Directions | Please use GPS. |
City | Fort Worth |
Buyer Agent Compensation | 3.00 |
Elementary School Name | Clayton Li |
High School | Paschal |
Elementary School | Clayton Li |
Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/20560995 |
Standard Status | Pending |
Buyer Agent Compensation Type | % |
Interior Features
Interior Features | Built-in Features,Loft,Open Floorplan |
---|---|
Flooring | Laminate |
Total Units | 8 |
Unit Count | 1 |
Full Baths | 8 |
Lock Box Type | Blue BT LE |
Total Bedrooms | 16 |
Exterior Features
Lot Features | Few Trees,Interior Lot |
---|---|
Fencing | Wood |
Lot Size Source | Estimated |
Parking Features | Covered,Driveway |
Covered Spaces | 8 |
Foundation | Slab |
Lot Size Area | 0.1440 |
Lot Size Dimensions | 200x123sf |
Number Of Parking Spaces | 8 |
Lot Size Units | Acres |
Building Area Total | 2356.00 |
Lot Size Square Feet | 6272.6400 |
Lot Size Acres | 0.1440 |
Patio And Porch Features | Enclosed |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool