About 2502 Race Street
LOCATION LOCATION LOCATION! This lot is for sale along with the one next to it at 2504 Race Street for a total of over .4 acres. Both lots are zoned B-1 for duplexes, but which also allows for two properties per lot. Current main house is leased out and the two houses in the back could easily be fixed up and leased out. Or the lot can be cleared and up to four houses can be constructed. Surrounding properties have been re-zoned for multi-use so even a small apartment or condo complex could be developed. Perfect opportunity for an investment in the booming Riverside District. Views of Downtown, the Trinity River and so much more. The surrounding area is being revitalized and property values are on the rise. Come see the amazing potential of this property located on Race Street right between Oakhurst and Sylvania. Listing is being sold with MLS number MLS number 20448204
Features of 2502 Race Street
MLS® # | 20452805 |
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Price | $524,900 |
Units | 3 |
Bedrooms | 5 |
Full Baths | 3 |
Building Area Total | 1,410 |
Acres | 0.40 |
Year Built | 1938 |
Type | Residential Income |
Sub-Type | Multi Family |
Status | Active |
Community Information
Address | 2502 Race Street |
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Subdivision | Self E A Add |
City | Fort Worth |
County | Tarrant |
State | TX |
Zip Code | 76111-1228 |
Amenities
Utilities | City Sewer, City Water, Electricity Connected |
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Parking Spaces | 8 |
Garages | Driveway, Covered, Garage Faces Front |
Is Waterfront | No |
Has Pool | No |
Interior
Interior Features | Other |
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Heating | Wall Furnace |
Fireplace | No |
Exterior
Lot Description | Few Trees, Interior Lot, Lrg. Backyard Grass |
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Roof | Composition |
Construction | Siding |
Foundation | Pillar/Post/Pier |
School Information
District | Fort Worth ISD |
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Elementary | Oakhurst |
Middle | Riverside |
High | Carter Riv |
Additional Information
Net Operation Income | $25,639 |
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Gross Annual Income | $38,000 |
Gross Annual Expenses | $9,961 |
Insurance Expense | $2,400 |
CapitalizationRate | 4.88 |
Unit 1 Details
Type | 3 Bedroom |
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Full Baths | 1 |
Rent | $1,300 |
SqFt | 1,410 |
Unit 2 Details
Type | 1 Bedroom |
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Full Baths | 1 |
Rent | $1,000 |
SqFt | 725 |
Unit 3 Details
Type | 1 Bedroom |
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Full Baths | 1 |
Rent | $1,000 |
SqFt | 675 |
Listing Details
Agent | Nathan Mutchler |
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Office | RJ Williams & Company RE LLC |