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$160,000

1116 Terrace Ave, Fort Worth, TX, 76164

$205,815 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,368 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$116.96 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

BankruptcyPre-ForeclosureDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Range

Exterior

Lot Size6,000 sqft

Building Information

Year Built1961
Stories1
Garage Spaces1

Land Information

APN30000-136-16
Lot Number16
SubdivisionNorth Fort Worth
Land UseResidential
Legal DescriptionNORTH FORT WORTH BLOCK 136 LOT 16
Census Tract100800
Assessed Land Value$42,000
Assessed Improvement Value$143,084
Assessment Year2026

About this property

Investor Special in a Prime Fort Worth Location – 1116 Terrace Ave, Fort Worth, TX 76164 Great opportunity for investors looking for their next project! This property offers approximately 1,368 square feet, featuring 4 bedrooms and 2.5 bathrooms, with the garage converted into a fourth bedroom. Whether you're looking for your next flip, rental property, or long-term investment, this property offers plenty of potential. Conveniently located just minutes from Downtown Fort Worth, the historic Fort Worth Stockyards, and the Cultural District, this property offers easy access to some of Fort Worth's most popular destinations, dining, entertainment, and local attractions. With the ongoing Trinity River Vision and surrounding development initiatives, this location may offer additional long-term investment appeal. Bring your vision, explore the possibilities, and make this property your next investment opportunity! Property is being sold AS-IS. Ideal for investors, flippers, and buyers looking to add value and build equity. Don't miss this opportunity to invest in Fort Worth real estate!

Investor Tools

$57,149Estimated Mortgage Balance
$214,851Estimated Equity
78% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$205,814
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,632 /month
Positive
Cash Flow Estimate:
$544 /month

Interested in this property?

John Alvarez

REKonnection, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$457/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,122
$185,084
2026
$42,000
$143,084
$185,084
No

Tax History

Year
Tax Paid
Assessed Value
2026
$4,122
$185,084

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Indymac Bank Fsb
Arm (Adjustable Rate Mortgage)
$84,900
No
First
Feb 26, 2007
Mar 2037

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$57,149
$214,851
78%
21%
$737/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,790/mo
$737/mo
+$1,053/mo
7.9%

City: Fort Worth

1116 Terrace Ave | Property Details | No Agent List