5002 Scott Rd, Fort Worth, TX 76114
- $139,900
- 1
- BD
- 1
- BA
- 660
- SqFt
- List Price
- $139,900
- Price Change
- ▼ $19,100 1776374937
- MLS#
- 21200618
- Status
- ACTIVE
- Type
- Single Family Residential
- Subtype
- Residential
- Style
- Detached
- Year Built
- 1940
- Bedrooms
- 1
- Full Baths
- 1
- Acres
- 0.11
- Living Area
- 660
- County
- Tarrant
- City
- Fort Worth
- Subdivision
- Deavers Add
- Number of Stories
- 1
- Architecture Style
- Detached
Property Description
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 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.
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Additional Information
- Unexempt Taxes
- $3,792
- Lot Size
- 4,878
- Acres
- 0.11
- Interior Features
- Cable TV
- Stories
- 1
- Pool Features
- None
- Carport Spaces
- 2
- Parking Garage
- Driveway
- School District
- Castleberry Isd
- Elementary School
- Cato
- Middle School
- Marsh
- High School
- Castleberr
- Possession
- CloseOfEscrow
Mortgage Calculator
Listing courtesy of Bobby Minor from Elite Real Estate Texas. Contact: 623-570-2789