2816 Wayside Avenue

Fort Worth, TX 76110

$2,400,000
Price
16
Beds
8
Baths
2,356 Sq. Ft.
$1,019 / Sq. Ft.
2,356
Sq. Ft.
$1,019
per Sq. Ft.

Description

Welcome to Wayside Avenue, a 4-duplex ownership opportunity less than a half-mile from the TCU campus. These 4 properties are situated next door to each other and represent an ultra-rare opportunity for redevelopment or buy as a long term hold. All 4 duplexes have been updated within the past 2 years making the long-term play very attractive. Each unit boasts 2 bedrooms plus a loft, 1.5 bathrooms, parking, and approx 1130 square feet. The units feature bright and airy interiors highlighted by contemporary...Welcome to Wayside Avenue, a 4-duplex ownership opportunity less than a half-mile from the TCU campus. These 4 properties are situated next door to each other and represent an ultra-rare opportunity for redevelopment or buy as a long term hold. All 4 duplexes have been updated within the past 2 years making the long-term play very attractive. Each unit boasts 2 bedrooms plus a loft, 1.5 bathrooms, parking, and approx 1130 square feet. The units feature bright and airy interiors highlighted by contemporary finishes and natural light. As a development opportunity, these properties collectively total a little over one-half acre, creating the optimum land for redevelopment. Four 10-plexes can be constructed to turn the existing footprint of 8 units into a 40-unit property. There are several exit strategies including; buy as a long-term hold in its current capacity, develop into larger student housing units for a long term hold or develop into larger units to be sold in the short term.

Listing Agents

  1. Ted Olsen

    Ted Olsen

    Listing Agent

    Compass

    TREC #0613466

    ted.olsen@compass.com

    P: 805.252.2299

  2. Ida Duwe-Olsen

    Ida Duwe-Olsen

    Alternative Listing Agent

    Compass

    TREC #0527824

Property Details for 2816 Wayside Avenue

Subdivision Name
Frisco Heights Add
Pool
No
Garage Spaces
0
Number Of Parking Spaces
8
Lot Size Dimensions
200x123sf

Location

Add your commute
LISTING UPDATED: 04/30/2024 01:25 PM

Property Details for 2816 Wayside Avenue

StatusActive
MLS #20560995
Days on Market44
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Full Duplex
Year Built1978
Lot Size0.14 AC / 6,272 SF
CountyTarrant County

Location

Add your commute

Building Information for 2816 Wayside Avenue

Stories2Residences8Year Built1978Building Size-Lot Size0.14 AC / 6,272 SF

Payment Calculator

$13,917 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,098

Property Taxes

$819

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2816 Wayside Avenue

Summary
Location and General Information
  • Block: 17
  • Complex Name: Wayside Duplexes
  • Directions: Please use GPS.
  • Elementary School: Clayton Li
  • Elementary School Name: Clayton Li
  • High School: Paschal
  • High School Name: Paschal
  • Middle School: Mclean
  • Year Built Details: Preowned
  • School District: Fort Worth ISD
  • Geocode Confidence: High
  • Latitude: 32.71
  • Longitude: -97.35
  • State: Texas
Parking
  • Parking Features: Covered, Driveway
  • Carport Spaces: 8
  • Attached Garage: No
  • Parking Spaces Covered Total: 8
  • Garage: No
Taxes and HOA Information
  • Tax Legal Description: FRISCO HEIGHTS ADDITION BLOCK 17 LOT 5
  • Association Type: None
  • Tax Lot: 5
Virtual Tour
Interior and Exterior Features
Interior Features
  • Fireplaces Total: 0
  • Flooring: Laminate
  • Heating: Central, Electric
  • Interior Features: Built-in Features, Loft, Open Floorplan
  • Appliances: Dishwasher, Electric Range, Microwave, Refrigerator
  • Basement: No
  • Cooling: Central Air, Electric
  • Smart Home Features Appor Pass Y: No
Exterior Features
  • Building Area Source: Assessor
  • Construction Materials: Siding
  • Fencing: Wood
  • Foundation Details: Slab
  • Number Of Stories: 2
  • Roof: Composition
  • Number Of Units Total: 8
  • Patio And Porch Features: Enclosed
  • Levels: One and One Half
Property
Utilities
  • Utilities: City Sewer, City Water
Property and Assessments
  • Handicap: No
  • Loan Type: Treat As Clear
  • Property Match: APN
Lot Information
  • Lot Features: Few Trees, Interior Lot
  • Lot Size Acres: 0.144
  • Lot Size Area: 0.144
  • Lot Size Source: Estimated
  • Lot Size Units: Acres
  • Lot Size Square Feet: 6272.64
  • Multi Parcel ID: No
  • Parcel Number: 01023950
Multi Family
Multi-Family Information
  • Number Of Buildings: 4
  • Capitalization Rate: 5.46%
  • Gross Annual Expenses: $9,000
  • Gross Annual Income: $140,100
  • Insurance Expense: $7,200
  • Net Operation Income: $131,100.00
Unit 1
  • Average Lease Amount: $1,625.00
  • Living Area Length: 16.0
  • Living Area Width: 17.0
  • Number Of Baths Full: 1
  • Number Of Baths Half: 0
  • Unit Type Type: 2 Bedroom
  • Unit Type Units Total: 8

Property History for 2816 Wayside Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2816 Wayside Avenue

Taxable ValueLand$168,750Additions$265,706Total$434,456
Tax Record2023$9,831 ($819 / month)
Home Facts
Total Finished SqFt2,356 SqFtAbove Grade Finished SqFt2,356 SqFtStories1Lot Size6,247 SqFtStyleDuplexYear Built1978CountyTARRANTAPN14810-17-5

Schools near 2816 Wayside Avenue

This home is within Fort Worth Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Lily B Clayton Elementary School
PublicPK to 5

Mclean Middle School
Public6 to 8

Paschal High School
Public9 to 12

Alice Carlson Applied Learning Center
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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2816 Wayside Avenue is a multi-family home for sale in Fort Worth, TX 76110. This property was listed for sale on March 19, 2024 by Compass, it's currently listed at $2,400,000. This listing's school district is Fort Worth Independent School District. Nearby schools include Lily B Clayton Elementary School, Mclean Middle School and Paschal High School. 2816 Wayside Avenue is a 16-bed, 8-bath, 2,356 sqft multi-family home built in 1978.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

The information being provided by North Texas Real Estate Information Systems (NTREIS) and Greater Tyler Association of REALTORS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. This website may reference real estate listing(s) held by a brokerage firm other than Compass. Any information relating to real estate for sale in Dallas, Texas comes from NTREIS. Listings marked with an icon are provided courtesy of the NTREIS Internet Data Exchange database. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with appropriate professionals.The data contained herein is copyrighted by NTREIS and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2024 North Texas Real Estate Information Systems. All rights reserved. Date last updated: 04/30/2024 01:25 PM