5220 E Lancaster Ave - Multi-Family Development Site | 24 Units 1.01 Acres of Residential Land Offered at $350,000 in Fort Worth, TX 76112
INVESTMENT HIGHLIGHTS
- Total projected construction costs are $3.3 million
- 5 mile population is 232,465 with a projected 0.12% growth between 2023-2028
- Potential for $400,000+ annual investment income on property once construction complete
EXECUTIVE SUMMARY
Zoned multifamily
24 unit apartment complex
Approved site plan with access to utilities
Minimal soft cost for permitting
Short development time
24 unit apartment complex
Approved site plan with access to utilities
Minimal soft cost for permitting
Short development time
PROPERTY FACTS
| Price | $350,000 |
| Sale Type | Investment |
| Sale Condition | Build to Suit |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 1.01 AC |
1 LOT AVAILABLE
Lot
| Price | $350,000 |
| Price Per AC | $344,861.56 |
| Lot Size | 1.01 AC |
MF Development Site - 24 Units
DESCRIPTION
Approximately 1 acre ready for an approved multifamily development in East Fort Worth. Next door to other multifamily complexes, retail centers, banks, schools, and the police department. Easy and convenient access to Interstate 820 for commuters.
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PROPERTY TAXES
| Parcel Number | 01143204 | Improvements Assessment | $0 |
| Land Assessment | $50,945 | Total Assessment | $50,945 |
ZONING
| Zoning Code | E-Neighborhood (Multi Family approved for 24 units) |
