Listing provided courtesy of Elite Real Estate Texas- MLS# 21200618MLS ProviderContact Information: Bobby Minor - 623-570-2789

5002 Scott RoadFort Worth, TX 76114

Single Family · 1 Bed · 1 Full Bath · 660 Sq. ft. | 0.11 Acres
$139,900 Active

5002 Scott Road Overview

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INCOME-PRODUCING RIVER DISTRICT LAND PLAY Don't just buy land...buy INCOME-PRODUCING land! This 4,879 SF lot in Fort Worth's hottest neighborhood includes a habitable 660 SF rental that was generating $850-month. THREE WAYS TO WIN: PATH 1 - CASH FLOW: Rent as-is, break even on mortgage, build equity PATH 2 - VALUE-ADD: Invest $12,500, boost rent to $1,200-month, refinance at $205K PATH 3 - ASSEMBLAGE: Collect rent while positioning for developer premium in 3-property assemblage THE NUMBERS: •Land Value: $112,600 •Current Income: $850-month ($10,200-year) •Post-Renovation Income: $1,200-month ($14,400-year) •Development Potential: 4-plex or large single-family LOCATION: River District—Fort Worth's fastest-growing corridor. Median home price: $512K (this is 67% less). Adjacent to $185K vacant lot. Connected to Trinity Trails. PROPERTY: 660 SF, 2 bed-2 bath, solid cinder block (1940). Habitable, rentable condition. 4,879 SF lot with 13.5% coverage—massive development potential. IDEAL FOR: •First-time investors with clear entry point •BRRRR investors seeking value-add •Developers assembling parcels •Portfolio builders adding River District exposure INVESTMENT HIGHLIGHTS: Multiple exit strategies reduce risk. Income from day one. Land value provides equity cushion. High-growth location. Request pro forma analysis and assemblage details. Priced to sell in 30 days.

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5002 Scott Road Facts & Features

  • Type Single Family
  • Sq. ft. 660
  • Price/Sq.ft. $212
  • Lot 0.11 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Castleberry ISD
  • Elementary School: Cato
  • Middle Or Junior School: Marsh
  • High School: Castleberr

Building Information

  • Year Built: 1940

Location/Region

  • Country: US
  • County Or Parish: Tarrant
  • Postal City: RIVER OAKS
  • Subdivision Name: Deavers Add

Tax Information

  • Tax Annual Amount: 3792.0

General Information

  • Parcel Number: 05866200
  • Property Sub Type: Single Family Residence
  • Property Type: Residential

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms Total: 1
  • Bedrooms Total: 1

General Information

  • Appliances: Electric Cooktop
  • Basement: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Interior Features: Cable TV
  • Levels: One
  • Living Area: 660.0
  • Stories: 1

Exterior

Parking Information

  • Parking Features: Driveway

Lot Information

  • Lot Size Acres: 0.112
  • Lot Size Area: 0.112
  • Lot Size Square Feet: 4878.72
  • Lot Size Units: Acres
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Architectural Style: Detached
  • Property Attached: Yes
  • Structure Type: House

General Information

  • Carport Spaces: 2.0
  • Carport: Yes
  • Pool Features: None
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available,Sewer Available,Water Available,Cable Available

Room Information

Room: Living Room

  • Level: First
  • Dimensions: 1 x 1
  • Length: 1.0
  • Width: 1.0

Room: Primary Bedroom

  • Level: First
  • Dimensions: 1 x 1
  • Length: 1.0
  • Width: 1.0
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5002 Scott Road Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.
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