The property presents investors with an exceptional opportunity to acquire a stabilized, partially renovated asset in Fort Worth, Texas. The community features highway frontage along I-30, which accommodates more than 135,000 vehicles per day and positions residents within a 30-minute radius of the largest employment hubs in the DFW metroplex – Fort Worth CBD, Dallas CBD, The Arlington Entertainment District, Near Southside Medical District and more. The surrounding area supports more than 105,000 employees and 10,000+ businesses. Proximity these major employment drivers has attracted an affluent, well-educated tenant base seeking a commute friendly location. The East Fort Worth submarket has directly benefitted from this robust demand, recording a five-year average annual rent growth of 5.9%, ranking first in the DFW metroplex. Additionally, the population expanded by more than 16% since 2010 within a five-mile radius of the community.
The two-story, 312-unit garden style community sits on over 11 acres and offers residents well-rounded amenity package including a full service business center, clubhouse, state-of-the-art fitness center, dog park, controlled gated access, picnic area with grilling area, mature landscaping, cybercafé, resort style swimming pool and playground. The property offers a mix of one and two-bedroom floorplans with an impressive average unit size of 773 square feet. With this acquisition, a new buyer would instantly gain a substantial market share in one of the healthiest metro’s in the nation.
The property is offered free and clear of existing debt, allowing new ownership unrestricted financing in a historically low interest rate environment.
P.S: Call or text number for details
801 820 0081/ 701 570 6712
Fort Worth, TX, USA