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Nick Van Der Gaast

nick@nicksellsdfw.com +1(817) 307-6521

$399,900

Est. payment - /mo

10 Beds

6 Baths

5,009 Sqft Lot

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Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Union Depot Add

MLS Listing ID 21318970

Bedrooms 10

Full Baths 6

HOA Y/N None

Total Fin. Sqft 3470

Year Built 1965

Annual Tax Amount $8,581

Lot Size 5,009 Sqft

Acres 0.115

Property Sub-Type Apartment

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.

Location

State TX

County Tarrant

Direction 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

Interior

Interior Features Open Floorplan, Other

Heating Central

Cooling Ceiling Fan(s)

Flooring Carpet, Ceramic Tile, Laminate, Linoleum, Luxury Vinyl Plank, Other

Appliance Dishwasher, Electric Cooktop, Refrigerator, Other

Heat Source Central

Exterior

Utilities Available City Sewer, City Water, Electricity Available

Roof Type Built-Up,Flat

Garage No

Building

Story Two

Foundation Slab

Level or Stories Two

Structure Type Siding,Unknown,Wood

Schools

Elementary Schools Van Zandt

Middle Schools Morningsid

School District Fort Worth Isd

Others

Acceptable Financing 1031 Exchange, Cash, Other

Listing Terms 1031 Exchange, Cash, Other

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North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Jenna Harris • Property Rights Advocacy Group

Nearby School & Business

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Nick Van Der Gaast

+1(817) 307-6521

Agent | License ID: 0698764

Agent License ID: 0698764

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1037 E Tucker Street Fort Worth, TX 76104

Nick Van Der Gaast

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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