1037 E TUCKER STREET, FORT WORTH, TX 76104
Homes for sale in Fort Worth.
Homes for sale in 76104.
List Price$399,900
1037 E Tucker Street
Fort Worth, TX 76104
Listing #21318970
About This Property
This investment opportunity is listed at a value add price--positioning this 6-plex to be made-ready and stabilized. A rare opportunity to maximize a value add investment product--offering an exceptional future upside in Fort Worth's high-momentum Historic Southside. The asset features a strategic configuration of four spacious 2-bedroom-1-bath units and two high-yield 1-bedroom-1-bath units. To maximize investor upside, three units have been intentionally left vacant, allowing the incoming owner to immediately execute strategic cosmetic updates and lease them out at full stabilized market rates. Anchored by recent foundational capital improvements, including a newly patched and smoothed parking lot along with newly installed security window gates, the property operates on strong municipal fundamentals within Fort Worth ISD. Located just four minutes east of the booming Southside-Fairmount and Main Street retail corridors, less than 1.5 miles from major healthcare employment drivers like JPS Health Network and Texas Health Harris Methodist Hospital, and six minutes from Tarrant County College Trinity Campus and Texas Wesleyan University, this asset is primed for immediate rent optimization. Upon full stabilization, the property delivers a robust projected pro-forma 8%+ CAP rate in a submarket experiencing a 6.4% year-over-year escalation in property valuations.
Property Features
Location Information
County
Tarrant
Subdivision
Union Depot Add
Interior Features
Interior
Open Floorplan, Other
Cooling
Ceiling Fan(s)
Full Baths
6
Floors
Carpet, Ceramic Tile, Laminate, Linoleum, Luxury Vinyl Plank, Other
Has Fireplace
No
Appliances
Dishwasher, Electric Cooktop, Refrigerator
Heating
Central
Total Number of Units
6
Exterior Features
Stories
2
Pool Description
None
Construction
Unknown, Wood Siding
Lot Size in Acres
0.115
Foundation
Slab
Lot Size in Sq. Ft.
5,009
Roof
Built-Up, Flat
Buildings
1
Utilities
Electricity Available, Sewer Available, Water Available
Building Total Area (Sq. Ft.)
3,470
Parking Description
Asphalt, Driveway
Is One Story
No
School
Elementary School District
Fort Worth ISD
Jr. High School
Morningsid
Elementary School
Van Zandt
Additional Information
Year Built Details
Preowned
Status
Active
Property Type
RI
Has a Home Owners Association
No
Property SubType
Apartment
Tax Annual Amount
8581.0
Year Built
1965
Lot Acres Source
Assessor
Similar Listings
Mortgage Calculator
$1,867
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$1,441
Monthly Tax
$333
Monthly Insurance
$93
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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