5002 Scott Road, Fort Worth, TX 76114
Local realty services provided by:CENTURY 21 Mike Bowman, Inc.
Listed by: bobby minor
Office: elite real estate texas
MLS#:21128966
Source:GDAR
Price summary
- Price:$159,900
- Price per sq. ft.:$242.27
About this home
INCOME-PRODUCING RIVER DISTRICT LAND PLAY
Don't just buy land...buy INCOME-PRODUCING land! This 4,879 SF lot in Fort Worth's hottest neighborhood includes a habitable 660 SF rental generating $850-month.
THREE WAYS TO WIN:
PATH 1 - CASH FLOW: Rent as-is, break even on mortgage, build equity
PATH 2 - VALUE-ADD: Invest $12,500, boost rent to $1,200-month, refinance at $205K
PATH 3 - ASSEMBLAGE: Collect rent while positioning for developer premium in 3-property assemblage
THE NUMBERS:
•Land Value: $112,600
•Current Income: $850-month ($10,200-year)
•Post-Renovation Income: $1,200-month ($14,400-year)
•Development Potential: 4-plex or large single-family
LOCATION:
River District—Fort Worth's fastest-growing corridor. Median home price: $512K (this is 67% less). Adjacent to $185K vacant lot. Connected to Trinity Trails.
PROPERTY:
660 SF, 2 bed-2 bath, solid cinder block (1940). Habitable, rentable condition. 4,879 SF lot with 13.5% coverage—massive development potential.
IDEAL FOR:
•First-time investors with clear entry point
•BRRRR investors seeking value-add
•Developers assembling parcels
•Portfolio builders adding River District exposure
INVESTMENT HIGHLIGHTS:
Multiple exit strategies reduce risk. Income from day one. Land value provides equity cushion. High-growth location.
Request pro forma analysis and assemblage details. Priced to sell in 30 days.
Contact an agent
Home facts
- Year built:1940
- Listing ID #:21128966
- Added:759 day(s) ago
- Updated:March 02, 2026 at 12:46 PM
Rooms and interior
- Bedrooms:1
- Total bathrooms:1
- Full bathrooms:1
- Kitchen Description:Electric Cooktop
- Living area:660 sq. ft.
Structure and exterior
- Year built:1940
- Building area:660 sq. ft.
- Lot area:0.11 Acres
- Levels:1 Story
Schools
- High school:Castleberr
- Middle school:Marsh
- Elementary school:Cato
Finances and disclosures
- Price:$159,900
- Price per sq. ft.:$242.27
- Tax amount:$3,792
Features and amenities
- Appliances:Electric Cooktop
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