2816 Wayside Avenue
Fort Worth,
TX
76110
Property Details
| List Price: |
$2,700,000 |
| Beds: |
16 |
| Baths: |
8 |
| Status: |
Active |
SqFt: |
-- |
| Agency: |
Compass RE Texas, LCC |
Description/Comments
| Lot Size: |
-- |
| Property Type: |
MultiFamily |
| Year Built: |
1978 |
| Notes: |
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. |
| MlsNumber: |
20560995 |
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| Listing Provided By: |
Compass RE Texas, LCC, original listing |
| Name: |
Compass RE Texas, LCC |
| Phone: |
(214) 814-8100 |
| Office Name: |
Compass RE Texas, LLC |
| Office Phone: |
(214) 814-8100 |
| Agent Name: |
Ted Olsen |
| Disclaimer: |
Copyright © 2024 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |
