About 3229 S University Drive
Currently Improved Property with a Duplex consisting of 2 Units 3 BR 2 Bath 1,110 sq ft each on a 6750 sq ft lot; 2nd Parcel and lot located at 3233 S University also with a Duplex for sale to be combined as a bundle so each duplex is priced at $1,000,000; Opportunity for investment and redevelopment for Multi-Family; This prime location provides an irreplaceable opportunity for investors looking to provide much-needed student housing next to a top-tier college campus. Property is situated just a couple of blocks from the prestigious Texas Christian University (TCU) Campus. Investment Considerations: · Rare entitlement advantage in a constrained housing submarket · Strong historical appreciation and rental demand · This submarket has demonstrated robust fundamentals, including a 92% increase in rental rates since 2021 and a 235% increase in price per square foot over the past decade. Don't miss your chance to own this remarkable student housing property in the bustling city of Fort Worth.
Features of 3229 S University Drive
| MLS® # | 20934125 |
|---|---|
| Price | $1,000,000 |
| Bathrooms | 0.00 |
| Acres | 0.15 |
| Year Built | 2004 |
| Type | Land |
| Sub-Type | Improved Land |
| Status | Active |
Community Information
| Address | 3229 S University Drive |
|---|---|
| Subdivision | Weatherford P R Addition |
| City | Fort Worth |
| County | Tarrant |
| State | TX |
| Zip Code | 76109-2239 |
Amenities
| Utilities | Asphalt, City Sewer, City Water |
|---|---|
| Is Waterfront | No |
| Pool On Property | No |
Interior
| Heating | Central, Electric |
|---|---|
| Fireplace | No |
Exterior
| Lot Features | Interior Lot |
|---|
School Information
| District | Fort Worth ISD |
|---|---|
| Elementary | Clayton Li |
| High | Paschal |
Additional Information
| Special Notes. | Survey Available |
|---|---|
| Zoning | Currently in TCU Overlay C District; 2 Lots South just rezoned to PD-95 |
Listing Details
| Agent | Beth Elkassih |
|---|---|
| Office | The Michael Group Real Estate |
| Contact Info | 817-577-9000 |