TX > Fort Worth > North Fort Worth
Fort Worth, TX 76164,1323 Gould
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Kristen Orostieta

Kristen Orostieta

+1(979) 567-5309
$ 450,000
Est. payment | /mo

0.31 Acres Lot

Save
$ 450,000
Est. payment | /mo
Save

0.31 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Improved Land

Listing Status Active

Purchase Type For Sale

Subdivision North Fort Worth

MLS Listing ID 20782392

HOA Y/N None

Year Built 1920

Annual Tax Amount $2,782

Lot Size 0.309 Acres

Acres 0.309

Property Description

When it comes to making a smart real estate investment, few opportunities compare to purchasing property in a historic neighborhood. This rings especially true for buyers eyeing the perfect spot across from an elementary school—a location that offers both convenience and charm. Whether you're looking to rent or renovate, the possibilities are endless. Historic neighborhoods offer a unique blend of character and stability, making them ideal for long-term investments. If you're considering buying such a property, you have the option to either rent it out as-is or embark on a renovation journey to maximize its potential. One particularly enticing option is the possibility of tearing down an existing structure to build your dream home. Imagine creating a custom-built house tailored to your tastes while maintaining the neighborhood's aesthetic integrity. This not only enhances your living experience but also significantly increases the property's market value. For those who prefer a more hands-off approach, renting out the property is an excellent alternative. Proximity to an elementary school makes it highly desirable for families, ensuring consistent rental income. The demand for rental homes in good school districts remains strong, providing a stable return on investment. Moreover, investing in such properties opens up numerous possibilities beyond just renting or renovating. You could explore options like converting the space into multi-family units or even commercial use, depending on zoning laws and market demand.
In conclusion, purchasing property in a historic neighborhood across from an elementary school offers multiple avenues for profit and personal satisfaction. Whether you choose to rent out the existing structure or tear it down to build your dream home, this investment promises significant returns and endless possibilities. So why wait? Dive into this opportunity and watch your investment flourish!

Location

State TX

County Tarrant

Zoning : A-5: Single-Family Residential - Single-family

Direction North on University Left on Gould Home on the left

Interior

Heating Central

Cooling Central Air

Heat Source Central

Exterior

Exterior Feature Covered Patio/Porch

Fence Chain Link, Wood

Utilities Available Cable Available, City Sewer, City Water, Concrete, Curbs, Electricity Available, Electricity Connected, Individual Gas Meter, Individual Water Meter, Phone Available

Garage No

Building

Lot Description Corner Lot, Lrg. Backyard Grass, Many Trees

Schools

Elementary Schools Mendoza

Middle Schools Elder

High Schools Northside

School District Fort Worth Isd

Others

Restrictions No Known Restriction(s)

Ownership Mercado

Acceptable Financing 1031 Exchange, Cash

Listing Terms 1031 Exchange, Cash

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
©2024 North Texas Real Estate Information Systems.
Listed by Sarah Sewell • Engel & Volkers Fort Worth
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(979) 567-5309

kristen@ororealtytx.com

959 Fir Street, Caldwell, Texas, 77836, USA

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1323 Gould