$399,999

Fort Worth TX 76104

Overview

SUMMARY: Discover an opportunity with this Fort Worth house for sale and available for $399,999. This could be your next ideal home or a smart investment. More details await.
Rare chance to acquire a value-add 6-plex in one of Fort Worths fastest-growing redevelopment corridors. Minutes from Downtown, the Medical District, and Texas Wesleyan University, this property is ideal for investors seeking upside, appreciation, and long-term rental income. The building offers strong fundamentals with a new roof, good foundation, new front gate, and completely separated utilities6 electric meters, 6 water meters, 6 gas meters. Four of the six units are vacant and boarded for security, ready for renovation and repositioning. Investment Highlights Value-add 6-unit multifamily 4 of 6 units vacant renovation needed Solid structure: new roof and good foundation Individually metered: 6 electric 6 water 6 gas Appraisal available upon request As Is Value: $420, 000 ARV: $720, 000 Vacant units boarded easy access for construction New construction and redevelopment throughout the neighborhood BONUS: Can be purchased as a package with the 5-plex next door 2265 E Evans Ave Discount available for purchasing both properties together Package Deal Opportunity Buyers have the option to acquire the 6-plex adjacent 5 plex, creating an 11 unit portfolio on the same block. Perfect for: BRRRR investors Small-to-mid-size multifamily operators Developers looking for a long-term hold in a rapidly improving area Buyers wanting strong economies of scale (shared crews, shared maintenance, shared management) Package pricing and financials available upon request. Neighborhood and Growth Located in the heart of Fort Worths Southside revitalization zone, with new builds on nearly every street. This area is experiencing rising rents, strong investor activity, and major planned redevelopment. Access and Showings Serious inquiries only. Proof of funds required prior to showing. Appraisal, Survey CO upon request.
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Details

  • Beds: 10
  • Baths: 6
  • Price: $399,999
  • Area: 4,856 sqft

Location

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