Next Level Realty

5002 Scott Road

Fort Worth , TX 76114

MLS#: 21128966

$159,900

Status: Active
Listing number: 21128966
Listing provided by: Elite Real Estate Texas
Listing agent phone: None
Last update: N/A
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Deavers Add - Residential

Property

Beds

1

Full Baths

1

1/2 Baths

None

Year Built

1940

Sq.Footage

660

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 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.

Features & Amenities

Interior

  • Total Bedrooms

    1

  • Bathrooms

    1

  • Basement YN

    NO

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    Driveway

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.112

  • Property Type

    Residential

  • Property Sub Type

    Single Family Residence

Price

  • Sales Price

    $159,900

  • Tax Amount

    3792.0

  • Sq. Footage

    660

  • Price/SqFt

    $242

HOA

  • Association

    No

School District

  • Elementary School

    Cato

  • Middle School

    Marsh

  • High School

    Castleberr

Property Features

  • Sewer

    Public Sewer

  • Tax Lot

    16A

  • Water Source

    Public

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Location

County

Tarrant

Elementary School

Cato

Middle School

Marsh

High School

Castleberr

Listing Courtesy of Bobby Minor , Elite Real Estate Texas

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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 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.

5002 Scott Road

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