$2,400,000
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16 Beds
8 Baths
6,272 Sqft Lot
SOLD DATE : 07/05/2024
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Frisco Heights Add
MLS Listing ID 20560995
Sold Date 07/05/24
Bedrooms 16
Full Baths 8
HOA Y/N None
Total Fin. Sqft 2356
Year Built 1978
Annual Tax Amount $9,831
Lot Size 6,272 Sqft
Acres 0.144
Lot Dimensions 200x123sf
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.
Location
State TX
County Tarrant
Direction Please use GPS.
Interior
Interior Features Built-in Features, Loft, Open Floorplan
Heating Central, Electric
Cooling Central Air, Electric
Flooring Laminate
Appliance Dishwasher, Electric Range, Microwave, Refrigerator
Heat Source Central, Electric
Exterior
Carport Spaces 8
Fence Wood
Utilities Available City Sewer, City Water
Roof Type Composition
Total Parking Spaces 8
Garage No
Building
Lot Description Few Trees, Interior Lot
Story One and One Half
Foundation Slab
Level or Stories One and One Half
Structure Type Siding
Schools
Elementary Schools Clayton Li
Middle Schools Mclean
High Schools Paschal
School District Fort Worth Isd
Others
Ownership See Tax
Financing Conventional
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Bought with Jonathan Rothchild • Purple Real Estate, LLC