About 2816 Wayside Avenue
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.
Features of 2816 Wayside Avenue
MLS® # | 20560995 |
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Price | $2,400,000 |
Bedrooms | 16 |
Bathrooms | 0.00 |
Full Baths | 8 |
Acres | 0.14 |
Year Built | 1978 |
Type | Residential Income |
Sub-Type | Duplex |
Status | Active |
Community Information
Address | 2816 Wayside Avenue |
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Subdivision | Frisco Heights Add |
City | Fort Worth |
County | Tarrant |
State | TX |
Zip Code | 76110-2855 |
Amenities
Utilities | City Sewer, City Water |
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Parking Spaces | 8 |
Garages | Covered, Driveway |
Is Waterfront | No |
Has Pool | No |
Interior
Interior Features | Built-in Features, Loft, Open Floorplan |
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Heating | Central, Electric |
Fireplace | No |
Exterior
Lot Description | Few Trees, Interior Lot |
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Roof | Composition |
Construction | Siding |
Foundation | Slab |
School Information
District | Fort Worth ISD |
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Elementary | Clayton Li |
Middle | Mclean |
High | Paschal |
Financial Information
HOA | None |
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Tax Unexempt | $9,831 |
Listing Details
Agent | Ted Olsen |
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Office | Compass RE Texas, LLC |
Contact Info | 805-252-2299 |