INCOME-PRODUCING RIVER DISTRICT LAND PLAY
Don't just buy land...buy INCOME-PRODUCING land! This 4,879 SF lot in Fort Worth's hottest neighborhood includes a habitable 660 SF rental that was generating $850-month.
THREE WAYS TO WIN:
PATH 1 - CASH FLOW: Rent as-is, break even on mortgage, build equity
PATH 2 - VALUE-ADD: Invest $12,500, boost… Read More rent to $1,200-month, refinance at $205K
PATH 3 - ASSEMBLAGE: Collect rent while positioning for developer premium in 3-property assemblage
THE NUMBERS:
•Land Value: $112,600
•Current Income: $850-month ($10,200-year)
•Post-Renovation Income: $1,200-month ($14,400-year)
•Development Potential: 4-plex or large single-family
LOCATION:
River District—Fort Worth's fastest-growing corridor. Median home price: $512K (this is 67% less). Adjacent to $185K vacant lot. Connected to Trinity Trails.
PROPERTY:
660 SF, 2 bed-2 bath, solid cinder block (1940). Habitable, rentable condition. 4,879 SF lot with 13.5% coverage—massive development potential.
IDEAL FOR:
•First-time investors with clear entry point
•BRRRR investors seeking value-add
•Developers assembling parcels
•Portfolio builders adding River District exposure
INVESTMENT HIGHLIGHTS:
Multiple exit strategies reduce risk. Income from day one. Land value provides equity cushion. High-growth location.
Request pro forma analysis and assemblage details. Priced to sell in 30 days. Read Less
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor website owner shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright. Listing data last updated: Eastern
Confirm your time
Fill in your details and we will contact you to confirm a time.
