5002 Scott RD Fort Worth, TX 76114
1 Bed
1 Bath
660 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 660 sqft
Price per Sqft $227
Subdivision Deavers Add
MLS Listing ID 21200618
Style Detached
Bedrooms 1
Full Baths 1
HOA Y/N No
Year Built 1940
Annual Tax Amount $3,792
Lot Size 4,878 Sqft
Acres 0.112
Property Sub-Type Single Family Residence
Property Description
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
State TX
County Tarrant
Direction Maps App will locate home
Interior
Interior Features Cable TV
Fireplace No
Appliance Electric Cooktop
Exterior
Parking Features Driveway
Carport Spaces 2
Pool None
Utilities Available Natural Gas Available, Sewer Available, Water Available, Cable Available
Water Access Desc Public
Garage No
Private Pool No
Building
Dwelling Type House
Sewer Public Sewer
Water Public
Level or Stories One
Schools
Elementary Schools Cato
Middle Schools Marsh
High Schools Castleberr
School District Castleberry Isd
Others
Tax ID 05866200
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21200618
Kameela Winters
Real Estate Agent | New Construction Specialist | License ID: 0791512