Fort Worth home in the high performing Aledo ISD. Home is in need of cosmetic repairs throughout including the kitchen and bathroom.
New development happening around the area which is increasing home value.
For Fix & Flip
Activity is picking up in the area as families move further away from Downtown Fort Worth. The home is 10 minutes from I20 and 820 and a short commute to Downtown Fort Worth.
$104 psft (No updates) Sold 9/7/18
$109 psft (smaller lot) Sold 1/18/19
$112 psft (newer build, generic finishes, smaller lot) 6/28/19
$133 psft (smaller lot) pending 8/1/19
For Fix & Hold
Multi family Rentals in area going for $1.14 psft expect Single family to go for +$1.20psft: $2120/month.
Expectation is 12-14.5% cap rate with maintenance factors.
Expected Time: 30-45 Days