5220 E Lancaster Ave - Multi-Family Development Site | 24 Units
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5220 E Lancaster Ave - Multi-Family Development Site | 24 Units
1.01 Acres of Residential Land Offered at £273,858 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 | £273,858 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Conditions | Design & Build | Total Lot Size | 1.01 AC |
| No. Lots | 1 |
| Price | £273,858 |
| Sale Type | Investment |
| Sale Conditions | Design & Build |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 1.01 AC |
1 Lot Available
Lot
| Price | £273,858 | Lot Size | 1.01 AC |
| Price Per AC | £269,837 |
| Price | £273,858 |
| Price Per AC | £269,837 |
| 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 | £39,862 | Total Assessment | £39,862 |
PROPERTY TAXES
Parcel Number
01143204
Land Assessment
£39,862
Improvements Assessment
£0
Total Assessment
£39,862
zoning
| Zoning Code | E-Neighborhood (Multi Family approved for 24 units) |
| E-Neighborhood (Multi Family approved for 24 units) |
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David Spina -
Power Broker Trenton Price -
Vision Commercial RE DFW LLC
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5220 E Lancaster Ave - Multi-Family Development Site | 24 Units
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