1037 E Tucker Street

1037 E Tucker Street
Union Depot Add
Fort Worth, Texas. 76104
$399,900.00
Summary
Bedrooms: 10
Lot Size: Less Than .5 Acre (not Zero)
Bathrooms: 6
Stories:
Square Feet: 0
Living Areas: 0
Year Built: 1965
Dining Areas: 0
Property Description

This investment opportunity is listed at a value add price—positioning this 6-plex to be made-ready and stabilized. A rare opportunity to maximize a value add investment product—offering an exceptional future upside in Fort Worth's high-momentum Historic Southside. The asset features a strategic configuration of four spacious 2-bedroom-1-bath units and two high-yield 1-bedroom-1-bath units. To maximize investor upside, three units have been intentionally left vacant, allowing the incoming owner to immediately execute strategic cosmetic updates and lease them out at full stabilized market rates. Anchored by recent foundational capital improvements, including a newly patched and smoothed parking lot along with newly installed security window gates, the property operates on strong municipal fundamentals within Fort Worth ISD. Located just four minutes east of the booming Southside-Fairmount and Main Street retail corridors, less than 1.5 miles from major healthcare employment drivers like JPS Health Network and Texas Health Harris Methodist Hospital, and six minutes from Tarrant County College Trinity Campus and Texas Wesleyan University, this asset is primed for immediate rent optimization. Upon full stabilization, the property delivers a robust projected pro-forma 8%+ CAP rate in a submarket experiencing a 6.4% year-over-year escalation in property valuations.

Property Information
Lot Description:
Pool:
No
Handicapped Accessible:
Yes
Home Owner's Association:
No
Parking:
8 spaces
Directions:
Once on 35W please use the right lane to take exit 51 for I30 E toward U.S. 287 SDallas, use the right lane to take the US287S ramp to TX 180E, take the exit toward W Lancaster Ave, Turn left onto Pine St, Continue onto Tennessee Ave, Turn right onto E Tucker St. The destination will be on the right
Possession:
Closing/Funding
Property Detail
Interior:
Open Floorplan,Other
Flooring:
Carpet,Ceramic Tile,Laminate,Linoleum,Luxury Vinyl Plank,Other
Heating / Cooling:
Central
Construction:
Siding,Unknown,Wood
Roof:
Built-Up,Flat
Foundation:
Slab
Garage / Parking:
Asphalt,Driveway
Utilities:
City Sewer,City Water,Electricity Available
School Information
School District:
Fort Worth ISD
Primary School:
MG Ellis
Elementary School:
Van Zandt
Middle School:
Morningsid
Listing Information
MLS #:
21318970
Buyers Agent:
Kimball Real Estate
Listing Agent:
Jenna Harris
 
(817) 991-2382
Listing Office:
Property Rights Advocacy Group
 
- - - 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.