Property
Beds
10
Full Baths
6
1/2 Baths
None
Year Built
1965
Sq.Footage
3,470
This investment opportunity is listed at a value add price—positioning this 6-plex to be made-ready and stabilized. A rare opportunity to maximize a value add investment product—offering an exceptional future upside in Fort Worth's high-momentum Historic Southside. The asset features a strategic configuration of four spacious 2-bedroom-1-bath units and two high-yield 1-bedroom-1-bath units. To maximize investor upside, three units have been intentionally left vacant, allowing the incoming owner to immediately execute strategic cosmetic updates and lease them out at full stabilized market rates. Anchored by recent foundational capital improvements, including a newly patched and smoothed parking lot along with newly installed security window gates, the property operates on strong municipal fundamentals within Fort Worth ISD. Located just four minutes east of the booming Southside-Fairmount and Main Street retail corridors, less than 1.5 miles from major healthcare employment drivers like JPS Health Network and Texas Health Harris Methodist Hospital, and six minutes from Tarrant County College Trinity Campus and Texas Wesleyan University, this asset is primed for immediate rent optimization. Upon full stabilization, the property delivers a robust projected pro-forma 8%+ CAP rate in a submarket experiencing a 6.4% year-over-year escalation in property valuations.
Features & Amenities
Interior
-
Other Interior Features
Open Floorplan, Other
-
Total Bedrooms
10
-
Bathrooms
6
-
Cooling YN
YES
-
Cooling
Ceiling Fan(s)
-
Heating YN
YES
-
Heating
Central
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Wood Siding, Unknown
-
Parking
Asphalt, Driveway
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.115
-
Lot Size(square feet)
5,009
-
Property Type
Residential Income
-
Property Sub Type
Apartment
Price
-
Sales Price
$399,900
-
Tax Amount
$8,581
-
Sq. Footage
3,470
-
Price/SqFt
$115
HOA
-
Association
No
School District
-
Elementary School
Van Zandt
-
Middle School
Morningsid
-
High School
Fort Worth ISD
Property Features
-
Foundation Details
Slab
-
Sewer
Public Sewer
-
Tax Lot
11
-
Water Source
Public
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Location
County
Tarrant
Elementary School
Van Zandt
Middle School
Morningsid
High School
Fort Worth ISD
Listing Courtesy of Jenna Harris , Property Rights Advocacy Group
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AGENT
Joe Boston
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