About this property

On an oversized 0.698-acre tract in Fort Worth, this three-bedroom, two-bath property offers approximately 1,538 square feet, a rare basement, and an opportunity for an investor, renovator, or buyer looking for a value-add project with land. The property is currently tenant-occupied on a month-to-month basis at $850 per month, providing income while the next owner evaluates renovation plans and future possibilities. One of the property's more unusual features is its basement, a rarity in North Texas, and additional space with potential for the right renovation plan. The home needs renovation and is being offered with its current condition in mind. Known items include exterior stucco repair and paint, foundation basement resealing, electrical work, interior renovation, and repair to a section of the roof. AC was replaced in approximately 2018. Buyer to verify condition and proper hookup. The land may be the story. According to the survey, the property contains approximately 30,410 square feet and extends back toward the creek, creating an uncommon amount of land for an in-town Fort Worth property. Important floodplain information: survey indicates the property lies within a 100-year flood boundary and appears to be within FEMA Zone AE. Buyers should independently verify current flood zone designation, flood insurance requirements, development building restrictions, utilities, square footage, schools, and permitted uses. Bring your contractor, walk the property, run your numbers, and explore the possibilities.