2816 WAYSIDE AVENUE, FORT WORTH, TX 76110

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2816 Wayside Avenue

Fort Worth, TX 76110

Status of the property has changed, please contact for details

List Price$2,400,000

Listing Image Listing Image

Listing #20560995

16

Bedrooms

8 full

Bathrooms

2,356

Square Feet

8

Number of Units

Multi-Unit Residential

Type

About This Property

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.

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