3229 S University DR new Save Request In-Person Tour Request Virtual Tour
Fort Worth,TX 76109
Key Details
Property Type Vacant Land
Sub Type Improved Land
Listing Status Active
Purchase Type For Sale
Subdivision Weatherford P R Addition
MLS Listing ID 20934125
HOA Y/N No
Year Built 2004
Annual Tax Amount $13,015
Lot Size 6,751 Sqft
Acres 0.155
Property Sub-Type Improved Land
Property Description
Currently Improved Property with a Duplex consisting of 2 Units 3 BR 2 Bath 1,110 sq ft each on a 6750 sq ft lot; 2nd Parcel and lot located at 3233 S University also with a Duplex for sale to be combined as a bundle so each duplex is priced at $1,000,000; Opportunity for investment and redevelopment for Multi-Family; This prime location provides an irreplaceable opportunity for investors looking to provide much-needed student housing next to a top-tier college campus. Property is situated just a couple of blocks from the prestigious Texas Christian University (TCU) Campus. Investment Considerations:
· Rare entitlement advantage in a constrained housing submarket
· Strong historical appreciation and rental demand
· This submarket has demonstrated robust fundamentals, including a 92% increase in rental rates since 2021 and a 235% increase in price per square foot over the past decade.
Don't miss your chance to own this remarkable student housing property in the bustling city of Fort Worth.
Location
State TX
County Tarrant
Community Curbs,Sidewalks
Zoning Currently in TCU Overlay C District; 2 Lots South just rezoned to PD-95
Direction From I-35W, take EXIT 48A toward BERRY ST-TCU; Turn LEFT onto E BERRY STREET; Turn LEFT onto S UNIVERSITY DRIVE; 3229 S UNIVERSITY DRIVE will be on the LEFT.
Rooms
Other Rooms See Remarks
Interior
Heating Central,Electric
Cooling Central Air
Fireplace No
Exterior
Fence Partial,Wood
Community Features Curbs,Sidewalks
Utilities Available Sewer Available,Water Available
Water Access Desc Public
Present Use Investment,Multi-Family
Street Surface Concrete,Asphalt
Road Frontage City Street,Easement
Building
Lot Description Interior Lot,City Lot
Sewer Public Sewer
Water Public
Additional Building See Remarks
Schools
Elementary Schools Clayton Li
High Schools Paschal
School District Fort Worth Isd
Others
Tax ID 03319415
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20934125