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$326,000

NAL Estimated Property Value

221 W Lancaster Ave Unit 6011, Fort Worth, TX, 76102

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,121 Sq Ft
price_per_sqft$305.08 / sqft
Year BuiltBuilt in 1930

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Convection Oven
FlooringStone

Exterior

Private PoolPrivate Pool
Exterior FeaturesCovered Courtyard, Gas Grill

Building Information

Year Built1930
Garage Spaces2

Land Information

APN41562C-----6011
Lot Number6011
SubdivisionTexas And Pacific Lofts Condo
Land UseResidential
Legal DescriptionTEXAS AND PACIFIC LOFTS CONDO LOT 6011 & .525% OF COMMON AREA
Census Tract123302
Assessed Land Value$21,000
Assessed Improvement Value$222,781
Assessment Year2025

About this property

Amazing condominium in the classic T&P condominium tower with big-city amenities for your convenience and enjoyment! The building offers fabulous services that include a full-time Concierge, workout room, pool, movie screening room, private meeting rooms, private garage parking, walking access to TexRail with direct service to DFW airport, and utilities included. This smartly designed unit offers an abundance of natural light and a spacious open living area and dining area perfect for entertaining! Not to mention beautifully updated with a mixture of rustic and modern touches that create tons of warmth and character! This is one of the small percentage of units in this complex that is currently approved for leasing. You'll enjoy sweeping Southern views and a lock and leave lifestyle along with a fantastic location in the ever growing and thriving downtown City of Fort Worth. The seller is motivated and will consider your offer!

Investor Tools

Property Icon
$326,000
Estimated Property Value
$94,337Estimated Mortgage Balance
$231,663Estimated Equity
71% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,052 /month
Positive
Cash Flow Estimate:
$684 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$531/month
$663/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,747
$243,781
2025
$21,000
$222,781
$243,781
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,747
$243,781

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
All Western Mortgage Inc
Conventional
$100,000
No
First
Apr 6, 2023
May 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$94,337
$231,663
71%
29%
$600/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,880/mo
$1,263/mo
+$617/mo
6.9%

Learn About the Market: Opportunity in Fort Worth

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Explore

Fort Worth

Fort Worth has transformed into one of the fastest-growing large cities in America. Anchoring the western side of the Dallas–Fort Worth Metroplex, the city combines its historic cattle industry and western heritage with modern economic strength. Major employers include aerospace and defense firms, healthcare systems, transportation companies, and advanced manufacturers.

With over one million residents and continued population growth at one of the fastest rates among major U.S. cities, Fort Worth offers relatively affordable housing compared to many peer cities while maintaining the economic advantages of a major metropolitan area. From North Fort Worth growth corridors to established neighborhoods, the city attracts homebuyers, businesses, and new residents seeking opportunity and affordability.

Explore Texas Explore This Area
Population Growth

Population Growth

11.9% since 2020

Net Migration

Net Migration

Strong Positive Migration

Median Home Price

Median Home Price

$299,655

Unemployment Rate

Unemployment Rate

3.7%

Price Trend

Price Trend

-2.5% YoY

New Permits

New Permits

158K

City: Fort Worth

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221 W Lancaster Ave Unit 6011 | Property Details | No Agent List