Fort Worth, TX 76109 3233 S University Drive
$1,000,000



0 more

Presented By: Beth Elkassih with The Michael Group Real Estate; 817-577-9000
Home Details
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 each for $1M; 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.
Presented By: Beth Elkassih with The Michael Group Real Estate; 817-577-9000
Interior Features for 3233 S University Drive
Other Interior Features
Lock Box TypeBlue BT LE
General for 3233 S University Drive
CityFort Worth
CoolingCentral Air, Electric
CountyTarrant
Development StatusStreets Installed, Zoned
DirectionsFrom I-35 W, Take EXIT 48 A Toward BERRY ST-TCU; Turn LEFT Onto E BERRY STREET; Turn LEFT Onto S UNIVERSITY DRIVE; 3229 S UNIVERSITY DRIVE Will Be On The LEFT.
Documents AvailableSurvey
EasementsAccess, Electric
Elementary SchoolClayton Li
Elementary School NameClayton Li
HOA TypeNone
HeatingCentral, Electric
High SchoolPaschal
Listing Terms1031 Exchange, Cash, Conventional, Federal Land Bank, Texas Vet, USDA Loan, VA Loan
Number Of Lots2
Occupant TypeTenant
PossessionNegotiable
Possible UseDevelopment, Investment, Multi-Family, See Remarks
Property SubtypeImproved Land
Property TypeLand
RestrictionsUnknown Encumbrance(s), Other
School DistrictFort Worth ISD
Special NotesOther
Standard StatusActive
StatusActive
Subdivided YNNo
Subdivision NameWeatherford, PR Addition
Unexempt Taxes12700
UtilitiesAll Weather Road, Asphalt, City Sewer, City Water, Electricity Connected, Individual Water Meter, Underground Utilities
Virtual Tour URL UnbrandedClick here
Will SubdivideNo
Year Built2004
Zoning DescriptionTCU Overlay
current useInvestment, Multi-Family
Exterior for 3233 S University Drive
Exterior FeaturesOther
FencingPartial, Wood
Lot FeaturesInterior Lot
Lot SizeLess Than .5 Acre (not Zero)
Lot Size Acres0.1550
Lot Size Area6750.0000
Lot Size Square Feet6750.0000
Lot Size UnitsSquare Feet
Other StructuresOther
Soil TypeUnknown
Additional Details
Price History
Schools
Elementary School
Clayton Li Elementary School
High School
N/A
Middle School
N/A
