1201 S Lake St | Fort Worth, TX 76104
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- LoopNet Team
1201 S Lake St
Fort Worth, TX 76104
1201 S Lake - 5 Unit Multi Family · Multifamily Property For Sale
·
5 Units
INVESTMENT HIGHLIGHTS
- Great Location 1 Block from popular Magnolia St– Great for short term rentals or long term rentals
- Garage Apt with 2 car garage and nice fenced backyard.
- Zoning (NS-T4N) allows for Mixed-Use up to Four Stories. Residential/Multi Family and Office Allowed.
- Five Units Fully Occupied with a 2021 NOI of roughly $43,000 with great upside rental potential.
- Surrounded by New Construction, both Multifamily, Restaurants, Coffeehouses and Medical Offices.
PROPERTY FACTS
| No. Units | 5 | Lot Size | 0.12 AC |
| Property Type | Multifamily | Building Size | 3,728 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1924/2004 |
| Zoning | Mixed Use - NS-T4N (Mixed Use Multi Family / Office) | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 3,728 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1924/2004 |
| Zoning | Mixed Use - NS-T4N (Mixed Use Multi Family / Office) |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Refrigerator
- Yard
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
PROPERTY TAXES
| Parcel Number | 00935638 | Improvements Assessment | $282,750 |
| Land Assessment | $227,250 | Total Assessment | $510,000 |
PROPERTY TAXES
Parcel Number
00935638
Land Assessment
$227,250
Improvements Assessment
$282,750
Total Assessment
$510,000
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