Fort Worth, TX 76109 3229 S University Drive
$1,000,000



0 more

Presented By: Beth Elkassih with The Michael Group Real Estate; 817-577-9000
Disclaimer: The information contained in this listing has not been verified by Bold Real Estate and should be verified by the buyer.
Home Details
Currently Improved Property with a Duplex consisting of 2 Units 3 BR 2 Bath 1,110 sq ft each on a 6750 sq ft lot; 2nd Parcel and lot located at 3233 S University also with a Duplex for sale to be combined as a bundle so each duplex is priced at $1,000,000; Opportunity for investment and redevelopment for Multi-Family; This prime location provides an irreplaceable opportunity for investors looking to provide much-needed student housing next to a top-tier college campus. Property is situated just a couple of blocks from the prestigious Texas Christian University (TCU) Campus. Investment Considerations:
· Rare entitlement advantage in a constrained housing submarket
· Strong historical appreciation and rental demand
· This submarket has demonstrated robust fundamentals, including a 92% increase in rental rates since 2021 and a 235% increase in price per square foot over the past decade.
Don't miss your chance to own this remarkable student housing property in the bustling city of Fort Worth.
Presented By: Beth Elkassih with The Michael Group Real Estate; 817-577-9000
Interior Features for 3229 S University Drive
Other Interior Features
Lock Box TypeBlue BT LE
General for 3229 S University Drive
CityFort Worth
CoolingCentral Air
CountyTarrant
Development StatusCity Limits, Streets Installed, Utilities Installed, Zoned
DirectionsFrom I-35W, take EXIT 48A toward BERRY ST-TCU; Turn LEFT onto E BERRY STREET; Turn LEFT onto S UNIVERSITY DRIVE; 3229 S UNIVERSITY DRIVE will be on the LEFT.
Documents AvailableSurvey
EasementsElectric
Elementary SchoolClayton Li
Elementary School NameClayton Li
HOA TypeNone
HeatingCentral, Electric
High SchoolPaschal
Listing TermsCash, Conventional, Federal Land Bank, Texas Vet, USDA Loan, VA Loan, Other
Occupant TypeTenant
PossessionNegotiable
Property SubtypeImproved Land
Property TypeLand
RestrictionsUnknown Encumbrance(s)
School DistrictFort Worth ISD
Special NotesSurvey Available
Standard StatusActive
StatusActive
Subdivided YNNo
Subdivision NameWeatherford P R Addition
TopographyLevel land with slab foundation; teardown for land value
Unexempt Taxes13015
UtilitiesAsphalt, City Sewer, City Water
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built2004
Zoning DescriptionCurrently in TCU Overlay C District; 2 Lots South just rezoned to PD-95
current useInvestment, Multi-Family
Exterior for 3229 S University Drive
FencingPartial, Wood
Lot FeaturesInterior Lot
Lot SizeLess Than .5 Acre (not Zero)
Lot Size Acres0.1550
Lot Size Area6750.0000
Lot Size SourcePublic Records
Lot Size Square Feet6750.0000
Lot Size UnitsSquare Feet
Other StructuresSee Remarks, Separate Entry Quarters
Road Frontage TypeCity Street, Curbs/Gutters, Easement, Sidewalk
Road Surface TypeAsphalt, Concrete
Soil TypeUnknown
Additional Details
Price History
Schools
Elementary School
Clayton Li Elementary School
High School
N/A
Middle School
N/A

Suzanne Smith
Broker/Owner