Courtesy of: Ted Olsen, Compass RE Texas, LLC, ted.olsen@compass.com
Courtesy of: Ted Olsen, Compass RE Texas, LLC, ted.olsen@compass.com
$2,400,000
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16 bed
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8.00 Bath (8 Full Bath)
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Lot: 0.14 Acres
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Duplex
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$2,400,000
2816 Wayside Avenue Welcome to Wayside Avenue, a 4-duplex ownership opportunity less than a half-mile from the TCU campus. These 4 properties are situated next door to each other and represent an ultra-rare opportunity for redevelopment or buy as a long term hold. All 4 duplexes have been updated within the past 2 years making the long-term play very attractive. Each unit boasts 2 bedrooms plus a loft, 1.5 bathrooms, parking, and approx 1130 square feet. The units feature bright and airy interiors highlighted by contemporary finishes and natural light. As a development opportunity, these properties collectively total a little over one-half acre, creating the optimum land for redevelopment. Four 10-plexes can be constructed to turn the existing footprint of 8 units into a 40-unit property. There are several exit strategies including; buy as a long-term hold in its current capacity, develop into larger student housing units for a long term hold or develop into larger units to be sold in the short term.
Courtesy of: Ted Olsen, Compass RE Texas, LLC, ted.olsen@compass.com
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