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$376,000

NAL Estimated Property Value

3005 College Ave, Fort Worth, TX, 76110

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths500 Sq Ft
TriplexTriplex
price_per_sqft$1.99 / sqft
Year BuiltBuilt in 1935

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms Full 1Bathrooms Full 1
AppliancesDisposal, Electric Oven, Refrigerator

Exterior

Lot Size4,996 sqft

Building Information

Year Built1935
Stories1

Land Information

APN39450-29-2-30
Lot Number2
SubdivisionSouth Hemphill Heights Addn
Land UseResidential
Legal DescriptionSOUTH HEMPHILL HEIGHTS ADDN BLOCK 29 LOT 2 W100' LOT 2
Census Tract104400
Assessed Land Value$30,000
Assessed Improvement Value$245,312
Assessment Year2025

About this property

Beautiful 3 Unit Triplex Rental Property just under one mile from TCU. Potential Gross Rental Income $50,000 year. Home has been completely remodeled. Metal Roof, New Windows, Exterior Doors, Window Coverings, Kitchen Granite, Bathrooms Granite, Flooring, Paint, New Privacy Fence and Landscaping. Multiple opportunities with this Beautiful Home. Main property can also be easily occupied leaving a one bedroom efficiency for Rental or Mother in Law suite. Must see this one! Hurry for end of year savings. Note: We purposely chose not to list property expenses so to not mislead anyone. We will be happy to answer any questions concerning prior leases. Please do your own due diligence as well. Call Now!

Investor Tools

Property Icon
$376,000
Estimated Property Value
$0Estimated Mortgage Balance
$376,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,574 /month
Positive
Cash Flow Estimate:
$858 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$671/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,178
$275,312
2025
$30,000
$245,312
$275,312
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,178
$275,312

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$376,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
N/A
+$1,927/mo
6.2%

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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3005 College Ave | Property Details | No Agent List