Deep Value-Add: 50% Gross Equity Margin in Stockyards
1710 Gould Ave , North Fort Worth , Stockyards , Fort Worth
Description
INVESTOR MEMORANDUM: THE ‘GOULD’ BRRRR PLAY.
The Deal:
A forced-sale scenario listed at $135,000. With an ARV of $266,500, this asset offers a massive $131,500 gross spread. This is a heavy renovation project requiring cash or hard money, tailored for operators seeking maximum equity capture.
The Strategy:
- Acquire: Purchase at $137/sqft (Land/Shell value).
- Renovate: Est. budget $75,000 to modernize 1920s shell.
- Refinance: Pull out 100% of capital at 75% LTV of ARV.
- Hold/Flip: Net Equity Position of ~$56,500 after repairs.
Location:
Located minutes from the booming Stockyards district. The 6,996 sqft lot includes two workshops, offering ADU (Additional Dwelling Unit) potential for dual income streams.
Property Details
Features & Finishes
Investment Intelligence
Investment Thesis
High-risk, high-reward renovation play. Purchase at 50% of ARV. Ideal for BRRRR execution or high-margin flip.
Location & Proximity
Amenities & Features
Location on Map
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