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Steve Menard

steve@northpointedfw.com +1(847) 226-5712

$399,900

Est. payment - /mo

10 Beds

6 Baths

3,470 SqFt

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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 3,470 sqft

Price per Sqft $115

Subdivision Union Depot Add

MLS Listing ID 21318970

Bedrooms 10

Full Baths 6

HOA Y/N No

Year Built 1965

Annual Tax Amount $8,581

Lot Size 5,009 Sqft

Acres 0.115

Property Sub-Type Apartment

Property Description

This investment opportunity is listed at a value add price—positioning this 6-plex to be made-ready and stabilized. A rare opportunity to maximize a value add investment product—offering an exceptional future upside in Fort Worth's high-momentum Historic Southside. The asset features a strategic configuration of four spacious 2-bedroom-1-bath units and two high-yield 1-bedroom-1-bath units. To maximize investor upside, three units have been intentionally left vacant, allowing the incoming owner to immediately execute strategic cosmetic updates and lease them out at full stabilized market rates. Anchored by recent foundational capital improvements, including a newly patched and smoothed parking lot along with newly installed security window gates, the property operates on strong municipal fundamentals within Fort Worth ISD. Located just four minutes east of the booming Southside-Fairmount and Main Street retail corridors, less than 1.5 miles from major healthcare employment drivers like JPS Health Network and Texas Health Harris Methodist Hospital, and six minutes from Tarrant County College Trinity Campus and Texas Wesleyan University, this asset is primed for immediate rent optimization. Upon full stabilization, the property delivers a robust projected pro-forma 8%+ CAP rate in a submarket experiencing a 6.4% year-over-year escalation in property valuations.

Location

State TX

County Tarrant

Direction Once on 35W please use the right lane to take exit 51 for I30 E toward U.S. 287 SDallas, use the right lane to take the US287S ramp to TX 180E, take the exit toward W Lancaster Ave, Turn left onto Pine St, Continue onto Tennessee Ave, Turn right onto E Tucker St. The destination will be on the right

Interior

Interior Features Open Floorplan, Other

Heating Central

Cooling Ceiling Fan(s)

Flooring Carpet, Ceramic Tile, Laminate, Linoleum, Luxury Vinyl Plank, Other

Fireplace No

Appliance Dishwasher, Electric Cooktop, Refrigerator

Exterior

Parking Features Asphalt, Driveway

Pool None

Utilities Available Electricity Available, Sewer Available, Water Available

Water Access Desc Public

Roof Type Built-Up,Flat

Total Parking Spaces 8

Private Pool No

Building

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

Elementary Schools Van Zandt, Mg Ellis

Middle Schools Morningsid

School District Fort Worth Isd

Others

Tax ID 03214621

Acceptable Financing Cash, 1031 Exchange, Other

Listing Terms Cash, 1031 Exchange, Other

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Steve Menard

Broker, Owner

+1(847) 226-5712 | steve@northpointedfw.com

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1037 E Tucker ST Fort Worth, TX 76104

Steve Menard

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1037 E Tucker ST