5002 Scott Road Fort Worth, TX 76114
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 660 sqft
Subdivision Deavers Add
MLS Listing ID 21128966
Bedrooms 2
Full Baths 2
HOA Y/N None
Year Built 1940
Annual Tax Amount $3,792
Lot Size 4,878 Sqft
Acres 0.112
Property Sub-Type Single Family Residence
Property Description
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 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.
Location
State TX
County Tarrant
Direction Maps App will locate home
Rooms
Dining Room 0
Interior
Interior Features Cable TV Available
Appliance Electric Cooktop
Exterior
Carport Spaces 2
Utilities Available City Sewer, City Water, Natural Gas Available
Garage No
Building
Story One
Level or Stories One
Schools
Elementary Schools Cato
Middle Schools Marsh
High Schools Castleberr
School District Castleberry Isd
Others
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21128966
NEARBY SCHOOL & BUSINESS
- 8
Burton Hill Elementary School
Public | PK - 5
- 7
Alice Carlson Applied Learning Center
Public | KG - 5
- 6
Mary Louise Phillips Elementary School
Public | PK - 5
- 6
South Hi Mount Elementary School
Public | PK - 5
- 6
North Hi Mount Elementary School
Public | PK - 5
- 5
Como Montessori
Public | KG - 8
- 5
Castleberry Elementary School
Public | PK - 5
- 4
A. V. Cato Elementary School
Public | PK - 5
- 4
Sam Rosen Elementary School
Public | PK - 5
- 4
Manuel Jara Elementary School
Public | 1 - 5
- 4
Rufino Mendoza Elementary School
Public | 1 - 5
- 3
Como Elementary School
Public | PK - 5
- 1
Boulevard Heights
Public | KG - 12
- 1
Jo Kelly Special Education
Public | PK - 12
- 0
Montessori Childrens House and Montessori School (
Private | PK - 8
- 0
Holy Family Catholic School
Private | PK - 8
- 0
Miss Endy's Christian Academy
Private | PK - 6
- 0
Starpoint School
Private | 1 - 6
- 0
University Christian Church Weekday School
Private | PK - TKG
- 0
Fw Rgnl Program for Deaf
Public | PK - 5
- 6
Applied Learning Academy
Public | 6 - 8
- 6
Stripling Middle School
Public | 6 - 8
- 5
Marsh Middle School
Public | 6 - 8
- 5
Elder Middle School
Public | 6 - 8
- 2
William Monnig Middle School
Public | 6 - 8
- 1
Int'L Newcomer Academy
Public | 6 - 9
- 0
T R U C E Learning Center
Public | 6 - 12
- 0
Tarrant Youth Recovery
Public | 8 - 12
- 0
Bridge Assoc
Public | 7 - 12
- 10
Texas Academy of Biomedical
Public | 9 - 11
- 5
Castleberry High School
Public | 9 - 12
- 3
Arlington Heights High School
Public | 9 - 12
- 3
North Side High School
Public | 9 - 12
- 1
Transition Center
Public | 12 - 12
- 0
Richard Milburn Academy - Fort Worth
Public | 9 - 12
- 0
Premier High School of Fort Worth
Public | 9 - 12
- 0
Fort Worth Can Academy - South
Public | 9 - 12
- 0
Reach High School
Public | 9 - 12
- 0
Metro Opportunity
Public | 9 - 12
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