Fort Worth, TX 76110,2816 Wayside Avenue

$2,400,000

Est. payment /mo
Est.Price: ?

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2816 Wayside Avenue Fort Worth, TX 76110

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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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
Listed by Ted Olsen • Compass RE Texas, LLC
Bought with Jonathan Rothchild • Purple Real Estate, LLC

Brian Haile

Broker Associate | License ID: 0648651

+1(254) 485-1827

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