Rare chance to acquire a value-add 6-plex in one of Fort Worth’s fastest-growing redevelopment corridors. Minutes from Downtown, the Medical District, and Texas Wesleyan University, this property is ideal for investors seeking upside, appreciation, and long-term rental income. The building offers strong fundamentals with a new roof, good foundation,… Read More new front gate, and completely separated utilities—6 electric meters, 6 water meters, 6 gas meters. Four of the six units are vacant and boarded for security, ready for renovation and repositioning. Investment Highlights Value-add 6-unit multifamily 4 of 6 units vacant renovation needed Solid structure: new roof & good foundation Individually metered: 6 electric 6 water 6 gas Appraisal available upon request As Is Value: $420,000 ARV: $720,000 Vacant units boarded easy access for construction New construction and redevelopment throughout the neighborhood BONUS: Can be purchased as a package with the 5-plex next door 2265 E Evans Ave Discount available for purchasing both properties together Package Deal Opportunity Buyers have the option to acquire the 6-plex adjacent 5 plex, creating an 11 unit portfolio on the same block. Perfect for: BRRRR investors Small-to-mid-size multifamily operators Developers looking for a long-term hold in a rapidly improving area Buyers wanting strong economies of scale (shared crews, shared maintenance, shared management) Package pricing and financials available upon request. Neighborhood & Growth Located in the heart of Fort Worth’s Southside revitalization zone, with new builds on nearly every street. This area is experiencing rising rents, strong investor activity, and major planned redevelopment. Access & Showings Serious inquiries only. Proof of funds required prior to showing. Appraisal, Survey CO upon request. Read Less
Courtesy of Texas Ally Real Estate Group, Nir Sheinbein.
Listing Snapshot
Days Online
0
Last Updated
Property Type
Other
Beds
10
Full Baths
6
Lot Size
0.28 Acres
Year Built
1934
MLS Number
21120700
Additional Details
Building
Built in 1934, Construction materials: Block, Levels: One, 2 buildings, 1, Toal building area: 4856
Cooling
Other
Floors
Concrete
Income
Gross income: $22,200, Net operating income: $19,980
Interior Features
Pantry
Lot
0.276 acres, 12,023 sqft
Parking
18 total parkings, Assigned
Pool
None
Roof
Asphalt
Sewer
PublicSewer
Utilities
SewerAvailable, WaterAvailable
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