Prime Development Opportunity:
1.2-Acre Lot in Fort Worth, TX
Discover a prime investment opportunity at 4229J Avenue N, Fort Worth, TX 76105. This expansive 1.2-acre lot (55,016 sqft) offers the potential for developers to subdivide, perfect for building modern homes in a growing area. With its strategic location and ample space, this property is ideal for those looking to capitalize on Fort Worth’s booming real estate market. Don’t miss your chance to shape the future of this vibrant community!
- Lot Size: 55,016 sqft
- APN: 00561886
- Off-Market
- Zoning: A-5 (Single Family Detached)
- Subdivision Name: Stop Six
Financials
*The financial estimates for this property are based on assumptions and may vary. Actual results could be higher or lower.
- ARV: $139,000
- $/SQFT: $105.30
- Selling Costs (8%): $11,000
- Closing Costs (Buy Side): $3.500
- Repair Costs: $50,000
- Investor Profit (Your Profit 27%): $37,500 +/-
Offer Submission Requirements
- Highest and Best Cash Offer Only
- EMD: $2,500
- Closing Date: October 29, 2024
- Offer Deadline Date: Fri. Oct, 18, 2024 by 5pm
Local Amenities
Proximity to quality schools: The Fort Worth Independent School District serves the 76105 area, with schools like Rosemont Elementary and Rosemont Middle School.
Access to parks and recreation: The neighborhood is near Sycamore Park and Sycamore Creek, providing green spaces and outdoor activities.
Shopping and dining options: The area has a mix of local businesses and national retailers along East Rosedale Street and Evans Avenue.
Transportation access: The neighborhood is well-connected to major roads like Interstate 35W and has access to public transportation options
Local Initiatives
Full-Strength Fort Worth Initiative:
Stop Six Choice Initiative:
Downtown Fort Worth 2025 Master Plan:
Zoning Information
Property development standards.
In the one-family (“A-5”) district, the minimum dimension of lots and yards and the height of buildings shall be as shown in the accompanying table.
One-Family (“A-5”) District |
One-Family (“A-5”) District | |
Lot area | |
Lot width | 50 feet minimum at building line |
Lot coverage | 50% maximum |
Front yard* | 20 feet minimum (local street) 15 feet minimum (limited local street) |
Rear yard | 5 feet minimum |
Side yard* | 5 feet minimum |
Interior lot | 10 feet minimum adjacent to side street and |
Corner lot** | 5 feet minimum for interior lot line |
Height | |
Notes: | |
** May be subject to projected front yard (§ 6.101(f)). |
Comparables
There are 8 comparable land sales in the subject neighborhood within the past twelve months ranging in sale price from $9/sq. ft. to $11/sq. ft.