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5002 Scott Rd, Fort Worth, TX 76114

Bed
1
Bath
1
Sqft
660

View property features, location on map, relevant school information and overview from seller's agent.

Listed byElite Real Estate Texas
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Overview

INCOME-PRODUCING RIVER DISTRICT LAND PLAY

Don't just buy land...buy INCOME-PRODUCING land! This 4,879 SF lot in Fort Worth's hottest neighborhood includes a habitable 660 SF rental that was generating $850-month.

THREE WAYS TO WIN:

PATH 1 - CASH FLOW: Rent as-is, break even on mortgage, build equity

PATH 2 - VALUE-ADD: Invest $12,500, boost rent to $1,200-month, refinance at $205K

PATH 3 - ASSEMBLAGE: Collect rent while positioning for developer premium in 3-property assemblage

THE NUMBERS:

•Land Value: $112,600

•Current Income: $850-month ($10,200-year)

•Post-Renovation Income: $1,200-month ($14,400-year)

•Development Potential: 4-plex or large single-family

LOCATION:
River District—Fort Worth's fastest-growing corridor. Median home price: $512K (this is 67% less). Adjacent to $185K vacant lot. Connected to Trinity Trails.

PROPERTY:
660 SF, 2 bed-2 bath, solid cinder block (1940). Habitable, rentable condition. 4,879 SF lot with 13.5% coverage—massive development potential.

IDEAL FOR:

•First-time investors with clear entry point

•BRRRR investors seeking value-add

•Developers assembling parcels

•Portfolio builders adding River District exposure

INVESTMENT HIGHLIGHTS:
Multiple exit strategies reduce risk. Income from day one. Land value provides equity cushion. High-growth location.

Request pro forma analysis and assemblage details. Priced to sell in 30 days.

Location

Full feature list

Basic info

Property type
House
Number of stories
1
Number of bedrooms
1
Number of bathrooms
1
Square feet
660
Lot size (acres)
0.11
Year built
1940

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: North Texas Real Estate Information Systems (NTREIS) MLS®#: 21200618 Last checked:

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the NTREIS Multiple Listing Service. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.