Fort Worth, TX 76114 5002 Scott Road
$159,000



0 more
Presented By: Elite Real Estate Texas
Disclaimer: The information contained in this listing has not been verified by Bold Real Estate and should be verified by the buyer.
Home Details
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 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.
Presented By: Elite Real Estate Texas
Interior Features for 5002 Scott Road
Bedrooms
Total Bedrooms1
Bathrooms
Half Baths0
Total Baths1
Other Interior Features
Basement Y/NNo
Dining Areas0
Fireplaces Total0
Interior FeaturesCable TV Available
Living Areas1
Lock Box TypeCombo
Other Rooms
Room Count2
General for 5002 Scott Road
AppliancesElectric Cooktop
Carport Spaces2
CityFort Worth
CountyTarrant
DirectionsMaps App will locate home
Elementary SchoolCato
Elementary School NameCato
Full Baths1
HOA TypeNone
High SchoolCastleberr
LevelsOne
Pool Y/NNo
PossessionClosing/Funding
Property SubtypeSingle Family Residence
Property TypeResidential
School DistrictCastleberry ISD
Standard StatusActive
StatusActive
Subdivision NameDeavers Add
Transaction TypeFor Sale
Unexempt Taxes3792
UtilitiesCity Sewer, City Water, Natural Gas Available
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built1940
Exterior for 5002 Scott Road
Covered Spaces
Garage Y/NNo
Lot SizeLess Than .5 Acre (not Zero)
Lot Size Acres0.1120
Lot Size Area0.1120
Lot Size Square Feet4878.7200
Lot Size UnitsAcres
Parking FeaturesDriveway
Structural StyleSingle Detached
WaterfrontNo
Additional Details
Price History
Schools
Elementary School
Cato Elementary School
Middle School
N/A
Suzanne Smith
Broker/Owner

SQFT • 660