5002 Scott Road

5002 Scott Road
Deavers Add
Fort Worth, Texas. 76114
$159,000.00
Summary
Bedrooms: 1
Lot Size: 0.1120 Acres
Bathrooms: 1
Stories: One
Square Feet: 0
Living Areas: 1
Year Built: 1940
Dining Areas: 0
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 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.

Property Information
Pool:
No
Handicapped Accessible:
Yes
Home Owner's Association:
No None
Parking:
Carport Spaces: 2.00
Directions:
Maps App will locate home
Possession:
Closing/Funding
Showing:
See Remarks
Property Detail
Interior:
Cable TV Available
Appliances:
Electric Cooktop
Garage / Parking:
Driveway
Utilities:
City Sewer,City Water,Natural Gas Available
School Information
School District:
Castleberry ISD
Elementary School:
Cato
Middle School:
Marsh
High School:
Castleberr
Listing Information
MLS #:
21200618
Buyers Agent:
Kimball Real Estate
Listing Agent:
Bobby Minor
 
(817) 991-2382
Listing Office:
Elite Real Estate Texas
 
- - - Information herein deemed reliable but not guaranteed - - -
All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Kimball Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.