Active Under Contract
2816 Wayside Avenue
Fort Worth TX, 76110
$2,400,000
$1,018.68 per sqft
Active Under Contract
16 Beds
8 Baths
2,356 sqft
Multi-family
Built in 1978
Welcome to Wayside Avenue, a 4-duplex ownership opportunity less than a half-mile from the TCU campus. These 4 properties are situated next door to each other and represent an ultra-rare opportunity for redevelopment or buy as a long term hold. All 4 duplexes have been updated within the past 2 years making the long-term play very attractive. Each unit boasts 2 bedrooms plus a loft, 1.5 bathrooms, parking, and approx 1130 square feet. The units feature bright and airy interiors highlighted by contemporary finishes and natural light. As a development opportunity, these properties collectively total a little over one-half acre, creating the optimum land for redevelopment. Four 10-plexes can be constructed to turn the existing footprint of 8 units into a 40-unit property. There are several exit strategies including; buy as a long-term hold in its current capacity, develop into larger student housing units for a long term hold or develop into larger units to be sold in the short term.
20560995
MLSⓇ ID
May 16, 2024
Updated
Map
2816 Wayside Avenue
Fort Worth TX, 76110
Interior Features
Total Stories
2
Bedrooms
16
Total Bathrooms
8
Full Bathrooms
8
Interior Features
Built-in Features, Loft, Open Floorplan
Appliances
Dishwasher, Electric Range, Microwave, Refrigerator
Floor Description
Laminate
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, Electric
Heating
Yes
Heating Description
Central, Electric
Exterior/Building Features
Lot Size
0.14 Acres
Lot Features
Interior Lot, Few Trees
Roof
Composition
Sewer
Public Sewer
School Information
School District
Fort Worth ISD
High School
Paschal
Elementary School
Clayton Li
Other Property Details
Taxes
$9,831
Tax Frequency
Annually
Days on Market
58
Garage
No
Parking
Covered, Driveway
Parking Total
8
View
No
County
Tarrant
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
5/16/2024 | Under Contract | — |
4/30/2024 | Price Change | $2,400,000 -12% |
Listed by Ted Olsen with Compass RE Texas, LLC
Listing Contact: 805-252-2299
The IDX display contains information sourced from the North Texas Real Estate Information Systems, Inc. as of 5/16/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 5/16/2024 at 3:14 PM UTC