2517 Glencrest Dr, Fort Worth, TX 76119

$149,900
5
BD
5
BA
2,053
SqFt

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List Price
$149,900
Price Change
▼ $40,000 1778539892
MLS#
20784386
Status
PENDING
Type
Single Family Residential
Subtype
Residential
Style
Other, Detached
Year Built
1940
Construction Status
Preowned
Bedrooms
5
Full Baths
5
Acres
0.22
Living Area
2,053
County
Tarrant
City
Fort Worth
Subdivision
Glencrest Add
Number of Stories
1
Architecture Style
Other, Detached

Property Description

ATTENTION AGENTS & BROKERS - Now offered at an improved price point, this Fort Worth property awaits a visionary transformation. Presently structured as a 5-Plex, it carries a clear directive from the City of Fort Worth: conversion back to its original single-family use. This requirement, however, unveils immense potential for value creation and specialized housing solutions. Consider the compelling possibilities: once thoughtfully converted, this property could become an outstanding co-living residence, offering private, self-contained living spaces within a communal home. It is also ideally suited for student housing, providing comfortable and independent living arrangements, or for a group home requiring multiple private living areas. The ideal configuration involves crafting three or four generously sized bedrooms, each boasting a dedicated en-suite bathroom, a highly sought-after feature that will maximize appeal and rental income. This property is not merely a renovation project; it is an opportunity to reposition a structure for significant future returns.This home was converted to a 5-Plex and MUST be converted back to its highest & best use as single family, per the City of Fort Worth. The property offers investors a versatile opportunity with significant upside, ideal for a group home, a generational home, or student housing once converted. Situated on a spacious lot with mature trees, the structure is primed for conversion back into a single-family home, making it ideal for those looking to maximize value through redevelopment. Located in a well-established neighborhood with easy access to schools, shopping, and major transit routes, this property combines convenience with long-term potential. Whether you are looking to create a standout single-family home or explore other possibilities, this property delivers flexibility and opportunity.

Additional Information

Unexempt Taxes
$4,689
Lot Size
9,583
Acres
0.22
Lot Description
Back Yard, Irregular Lot, Lawn
Interior Features
Open Floor Plan
Flooring
Vinyl
Roof
Composition
Stories
1
Pool Features
None
Parking Garage
Driveway
School District
Fort Worth Isd
Elementary School
Mitchellbl
Middle School
Forest Oak
High School
Wyatt Od
Possession
CloseOfEscrow

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Calculator source: Real Geeks

Listing courtesy of Tiffany Ingram from eXp Realty LLC. Contact: 214-354-5670