807 Forestcrest Ct Euless, TX 76039

Property Details for 807 Forestcrest Ct

Year built

1983

Lot size

0.21 lot acres

Property size

2,514 SF

Property type

Retirement homes

Description

This exceptional 2,514 square foot property in Euless, Texas, presents a unique investment opportunity. Situated on a 0.213-acre lot, this single-story, 1983-built building boasts a flexible zoning designation, permitting both residential and commercial uses. Previously operating as an assisted living facility, the property features four bedrooms and two full bathrooms, providing ample space for various applications. The interior includes two living areas (one with built-ins), a chef's kitchen equipped with an electric cooktop, double oven, and granite countertops, a flex room ideal for an office or hobby space, and a formal dining room. The primary suite offers an ensuite bathroom with a double vanity and two walk-in showers. Additional features include a sunroom and a large backyard. The property's strong financial performance is highlighted by a Net Operating Income (NOI) of $254,400 and a compelling 56.53% capitalization rate. The asking price is $450,000, translating to $179 per square foot. This versatile property offers significant potential for both residential and commercial ventures, making it an attractive investment in the thriving Tarrant County market. The property is located at 807 Forestcrest Ct, Euless, TX 76039.