1201 E Prince St, Fort Worth, Texas, 76115 - ACTIVE
13.68 acres in Fort Worth
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Asking Price: $1350000
ARV: $8,750,000
Repairs: $5212500
Type: Land

Description

1215 E. Prince St. Fort Worth, TX 76115 – 5.92 ACRES
1201 E. Prince St. Fort Worth, TX 76115 – 7.57 ACRES
1208 Amspoker Ave. Fort Worth, TX 76115 - .19 ACRES

ARV: $8,750,000
Development: $5,212,500
Price: $1,350,000

Description:
This is 3 sections of land located in the William Loving subdivision & the Carter Park Addition that is already zoned per plans attached for 56 duplexes or can be developed into a MINIMUM of 50 SFH's on .20 acre each.

There are 13.49 acres of land in the William Loving subdivision & .19 acres of land in Carter Park Addition.

Repairs:
Lots can be divided into .20 acres and built with 1500-1600 sq.ft brick homes on each lot.

Value:
The comparable sales in the area are @ $175k each. Based on the comps attached with same square footage can be sold in 30 days or less. Our estimate is conservative base don sold .6 mile away.

Total ARV for 50 houses is @ $8,750,000 @ 75% LTV

$6,562,500 costs bases-cost basis

Potential Profit-$2,187,500

Buyer to do their own due diligence. Buyer to pay all closing costs. A non-refundable $50,000 deposit will be required unless other arrangements are agreed.

Contact us today for showing instructions.


Features


Wholesale Properties Must Be Purchased With Cash Or Hard Money.


Jon
Phone:     817-753-2577
Email:       Jon@homebuyerscomplete.com
"Home Buyers Complete does not claim to be the owner of all of the properties for sale. If we are not the owners then we simply have an equitable interest in the property. Home Buyers Complete is a real estate investment firm and does not claim to be licensed real estate agents or brokers."

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