Price Reduction
Address
2816 Wayside Avenue, Fort Worth, TX
Price
$ 2,400,000
Property Attributes
- MLS#20560995
- TypeMulti-Family
- CountyTARRANT
- CityFort Worth
- NeighborhoodFrisco Heights Add
- Zip76110
- StyleDuplex
- Year Built1978
- Taxes$ 9831
- Price$ 2,400,000
- Bedrooms16
- Full Bathrooms8
- Half Bathrooms0
- Lot Size6,273 SqFt
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 | Active |
| Directions | Please use GPS. |
| City | Fort Worth |
| Buyer Agent Compensation | 3.00 |
| Elementary School Name | Clayton Li |
| High School | Paschal |
| Street Name | Wayside |
| Elementary School | Clayton Li |
| Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/20560995 |
| Standard Status | Active |
| 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 |
| Street Suffix | Avenue |
| 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
Property vs Multi-Family Average in 76110
Price
Taxes
Visits
Year Built
© 2024 North Texas Real Estate Information Systems, Inc. All rights reserved. Disclaimer: 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 NextHome Premier Choice 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
