ATTENTION AGENTS & BROKERS - Now offered at an improved price point, this Fort Worth property awaits a visionary transformation. Presently structured as a 5-Plex, it carries a clear directive from the City of Fort Worth: conversion back to its original single-family use. This requirement, however, unveils immense potential for value creation and specialized housing solutions.
Consider the compelling possibilities: once thoughtfully converted, this property could become an outstanding co-living residence, offering private, self-contained living spaces within a communal home. It is also ideally suited for student housing, providing comfortable and independent living arrangements, or for a group home requiring multiple private living areas. The ideal configuration involves crafting three or four generously sized bedrooms, each boasting a dedicated en-suite bathroom, a highly sought-after feature that will maximize appeal and rental income. This property is not merely a renovation project; it is an opportunity to reposition a structure for significant future returns.This home was converted to a 5-Plex and MUST be converted back to its highest & best use as single family, per the City of Fort Worth. The property offers investors a versatile opportunity with significant upside, ideal for a group home, a generational home, or student housing once converted. Situated on a spacious lot with mature trees, the structure is primed for conversion back into a single-family home, making it ideal for those looking to maximize value through redevelopment. Located in a well-established neighborhood with easy access to schools, shopping, and major transit routes, this property combines convenience with long-term potential. Whether you are looking to create a standout single-family home or explore other possibilities, this property delivers flexibility and opportunity.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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