Income Condo with Private
3101 Sondra Drive Unit 201A Fort Worth, TX 76107
3101 Sondra Drive Unit 201A, Fort Worth, TX, 76107
$215,000
For Sale
$215,000
Turnkey, rent-ready condo featuring vaulted living space, a wood-burning fireplace, and a private balcony with storage.
Property Size805 SF
Price / SF$267.08
Days on Market239
Property Features for 3101 Sondra Drive Unit 201A
General Information
- Standard status
- Active
- Size
- 805 SF
- Property subtype
- Multi-Family / Apartment/5Plex+
Building Details
- Year Built
- 1981
Listing agency
Trinity Group Realty
(817) 941-6454
Listed by
Chris Reeves · License #0517863
(817) 941-6454
Source
Compass
Added: Nov 25, 2025 Updated: Jul 20 at 7:26PM Checked: Jul 21 at 6:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Trinity Group Realty
Investment Insights
Based on property information with market context.
Turnkey income condo unit with remodeled kitchen updates, including quartz counters, a new backsplash, and stainless appliances. New flooring runs throughout, and the updated bathroom includes an oversized walk-in shower. The layout offers open living with vaulted ceilings, a wood-burning fireplace, and French doors leading to a private balcony with storage. An upstairs flex loft provides additional versatile space for living or work. A stacked washer-dryer is also included.
Located in the heart of Fort Worth near shopping and restaurants, with proximity to the Fort Worth Zoo and Botanical Gardens. Access to major corridors supports commuting, and the property is described as about 7 minutes to Downtown, TCU, and the medical district.
Per HOA rules, leases are not allowed for less than 30 days.
Located in the heart of Fort Worth near shopping and restaurants, with proximity to the Fort Worth Zoo and Botanical Gardens. Access to major corridors supports commuting, and the property is described as about 7 minutes to Downtown, TCU, and the medical district.
Per HOA rules, leases are not allowed for less than 30 days.
Key Highlights
- 1981‑built Fort Worth condo with 1 unit and 3+ levels; slab foundation
- Vaulted open living area with a wood‑burning living room fireplace and French doors to a private balcony
- Luxury vinyl plank flooring plus updated interior finishes including a remodeled kitchen and updated bath with oversized walk‑in shower
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.9k | $30.96 |
| − Vacancy | −$2.7k | −$3.31 |
| EGI | $22.3k | $27.65 |
| − OpEx | −$10.0k | −$12.44 |
| NOI | $12.2k | $15.21 |
805 SF · lease $30.96/SF/yr · vacancy 10.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$174.9K
$153.0K – $204.0K
NOI $12,241 @ 7.0% cap · market cap 5.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$292.4K
$255.9K – $341.2K
NOI $20,470 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
University Park Condominiums ...
Condominium Complex
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FAQs
What type of property is this?
Residential income property - Turnkey, rent-ready condo featuring vaulted living space, a wood-burning fireplace, and a private balcony with storage.
Where is this residential income property located?
The property is located at 3101 Sondra Drive Unit 201A Fort Worth, TX.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 1981‑built Fort Worth condo with 1 unit and 3+ levels; slab foundation; Vaulted open living area with a wood‑burning living room fireplace and French doors to a private balcony; Luxury vinyl plank flooring plus updated interior finishes including a remodeled kitchen and updated bath with oversized walk‑in shower
