2564 Wabash, Fort Worth, Texas 76109

$1,499,000
7
BD
List Price
$1,499,000
MLS#
20574598
Status
ACTIVE
Type
Multifamily
Year Built
1936
Construction Status
Preowned
Bedrooms
7
Full Baths
4
Half Baths
1
Acres
0.28
County
Tarrant
City
Fort Worth
Subdivision
University Place
Building Name
University Place

Property Description

An absolute stunning property with unlimited living potential. This property includes a two story 3 Bed with option 4th Bed Flex space that is a perfect residential home for a family or several individuals. Other units include a 1 bedroom carriage house and a duplex with mirrored floorpan units. This property had over $300K in upgrades and renovations in 2018 including customs finishes, oversized back living space and patio area, tankless water heaters, plumbing, foundation, and electrical. Home is grandfathered out of the A5 TCU Overlay and zoned to accommodate 7 unrelated tenants occupying the property. Huge corner lot all within walking distance to TCU campus, stadium, and performing arts center. Washer and drying and storage space below carriage house for all the units with washer and dryer in the main house as well. Contact Listing agent for more details and numbers regarding this property.

Additional Information

HOA
No HOA
Annual Insurance
11000
Total Annual Expenses
Insurance, Maintenance, Pest Control, Water/Sewer
Gross Annual Expenses
25000
Gross Annual Income
88000
Lot Dimensions
71x173
Lot Size
12,000
Acres
0.28
Lot Description
Corner Lot, Landscaped, Lrg. Backyard Grass, Many Trees, Sprinkler System, Subdivision
Subdivided
Subdivided
Interior Features
Built-in Features, Decorative Lighting, Eat-in Kitchen, Flat Screen Wiring, High Speed Internet Available, Pantry, Vaulted Ceiling(s), Walk-In Closet(s), Wired for Data
Flooring
Ceramic Tile, Hardwood
Foundation
Pillar/Post/Pier
Roof
Composition
Stories
2
Street Utilities
City Sewer, City Water, Curbs
Heating Cooling
Central, Natural Gas
Exterior
Uncovered Courtyard
Construction Material
Vinyl Siding
Carport Spaces
2
Parking Garage
Additional Parking, Alley Access, Carport, Common, Detached Carport, Lighted, On Site, Open, Outside, Oversized, Paved
Total Num Parking
6
School District
Fort Worth Isd
Elementary School
Tanglewood
Middle School
Mclean
High School
Paschal
Possession
Closing/Funding
Building Sq. Ft.
3907
Number of bldgs.
3
Number of units
4
Occupancy Rate
75
Tenancy
6 Months or Less, 9 Months or Less, Month to Month, Over 9 Months
Possession
Closing/Funding
Cap Rate
5.14
Community Features
Sidewalks

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Hannah Mercer from Indwell. Contact: 817-907-8699