See all 5 photos

$1,000,000

Est. payment - /mo

6,751 Sqft Lot

Pending

3233 S University Drive Fort Worth, TX 76109

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James Biedenharn

james@getsoldtexas.com +1(817) 870-8860

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Key Details

Property Type Vacant Land

Sub Type Improved Land

Listing Status Pending

Purchase Type For Sale

Subdivision Weatherford, Pr Addition

MLS Listing ID 20934145

HOA Y/N None

Year Built 2004

Annual Tax Amount $12,700

Lot Size 6,751 Sqft

Acres 0.155

Property Sub-Type Improved Land

Property Description

Currently Improved Property with a Duplex consisting of 2 Units 3 BR 2 Bath 1, 110 sq ft each on a 6750 sq ft lot; 2nd Parcel and lot located at 3233 S University also with a Duplex for sale to be combined as a bundle each for $1M; Opportunity for investment and redevelopment for Multi-Family; This prime location provides an irreplaceable opportunity for investors looking to provide much-needed student housing next to a top-tier college campus. Property is situated just a couple of blocks from the prestigious Texas Christian University (TCU) Campus. Investment Considerations: Rare entitlement advantage in a constrained housing submarket Strong historical appreciation and rental demand This submarket has demonstrated robust fundamentals, including a 92% increase in rental rates since 2021 and a 235% increase in price per square foot over the past decade. Don't miss your chance to own this remarkable student housing property in the bustling city of Fort Worth.

Location

State TX

County Tarrant

Zoning TCU Overlay

Direction From I-35 W, Take EXIT 48 A Toward BERRY ST-TCU; Turn LEFT Onto E BERRY STREET; Turn LEFT Onto S UNIVERSITY DRIVE; 3229 S UNIVERSITY DRIVE Will Be On The LEFT.

Interior

Heating Central, Electric

Cooling Central Air, Electric

Heat Source Central, Electric

Exterior

Exterior Feature Other

Fence Partial, Wood

Utilities Available All Weather Road, Asphalt, City Sewer, City Water, Electricity Connected, Individual Water Meter, Underground Utilities

Garage No

Building

Lot Description Interior Lot

Schools

Elementary Schools Clayton Li

High Schools Paschal

School District Fort Worth Isd

Others

Restrictions Unknown Encumbrance(s),Other

Ownership Dunphey Family 2016 Trust

Acceptable Financing 1031 Exchange, Cash, Conventional, Federal Land Bank, Texas Vet, USDA Loan, VA Loan

Listing Terms 1031 Exchange, Cash, Conventional, Federal Land Bank, Texas Vet, USDA Loan, VA Loan

Special Listing Condition Other

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20934145

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Beth Elkassih • The Michael Group Real Estate