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Fort Worth,TX 76164
Key Details
Property Type Vacant Land
Sub Type Improved Land
Listing Status Active
Purchase Type For Sale
Subdivision North Fort Worth
MLS Listing ID 20782392
Year Built 1920
Annual Tax Amount $2,782
Lot Size 0.309 Acres
Property Description
When it comes to making a smart real estate investment, few opportunities compare to purchasing property in a historic neighborhood. This rings especially true for buyers eyeing the perfect spot across from an elementary school?a location that offers both convenience and charm. Whether you're looking to rent or renovate, the possibilities are endless. Historic neighborhoods offer a unique blend of character and stability, making them ideal for long-term investments. If you're considering buying such a property, you have the option to either rent it out as-is or embark on a renovation journey to maximize its potential. One particularly enticing option is the possibility of tearing down an existing structure to build your dream home. Imagine creating a custom-built house tailored to your tastes while maintaining the neighborhood's aesthetic integrity. This not only enhances your living experience but also significantly increases the property's market value. For those who prefer a more hands-off approach, renting out the property is an excellent alternative. Proximity to an elementary school makes it highly desirable for families, ensuring consistent rental income. The demand for rental homes in good school districts remains strong, providing a stable return on investment. Moreover, investing in such properties opens up numerous possibilities beyond just renting or renovating. You could explore options like converting the space into multi-family units or even commercial use, depending on zoning laws and market demand.
In conclusion, purchasing property in a historic neighborhood across from an elementary school offers multiple avenues for profit and personal satisfaction. Whether you choose to rent out the existing structure or tear it down to build your dream home, this investment promises significant returns and endless possibilities. So why wait? Dive into this opportunity and watch your investment flourish!
Location
State TX
County Tarrant
Zoning : A-5: Single-Family Residential - Single-family
Interior
Heating Central
Cooling Central Air
Exterior
Exterior Feature Covered Patio/Porch
Fence Chain Link,Wood
Utilities Available Cable Available,City Sewer,City Water,Concrete,Curbs,Electricity Available,Electricity Connected,Individual Gas Meter,Individual Water Meter,Phone Available
Building
Lot Description Corner Lot,Lrg. Backyard Grass,Many Trees
Schools
Elementary Schools Mendoza
Middle Schools Elder
High Schools Northside
School District Fort Worth Isd
Others
Acceptable Financing 1031 Exchange,Cash
Listing Terms 1031 Exchange,Cash