3229 S University Drive new Save Request In-Person Tour Request Virtual Tour
Fort Worth,TX 76109
Key Details
Property Type Vacant Land
Sub Type Improved Land
Listing Status Active
Purchase Type For Sale
Subdivision Weatherford P R Addition
MLS Listing ID 20934125
HOA Y/N None
Year Built 2004
Annual Tax Amount $13,015
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; 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 Currently in TCU Overlay C District; 2 Lots South just rezoned to PD-95
Direction From I-35W, take EXIT 48A 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
Heat Source Central,Electric
Exterior
Fence Partial,Wood
Utilities Available Asphalt,City Sewer,City Water
Street Surface Asphalt,Concrete
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)
Ownership Dunphy Family 2016 Trust
Acceptable Financing Cash,Conventional,Federal Land Bank,Texas Vet,USDA Loan,VA Loan,Other
Listing Terms Cash,Conventional,Federal Land Bank,Texas Vet,USDA Loan,VA Loan,Other
Special Listing Condition Survey Available
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20934125