Investor Opportunity – 13-Unit Apartment in Grapevine! Located near Historic Downtown Grapevine, this fully occupied 13-unit multifamily property offers a rare opportunity to acquire a stabilized, income-producing asset in one of the area’s most desirable rental markets. Similar to the nearby 717 E Texas St apartments, this property benefits from… Read More strong tenant demand driven by its central Grapevine location and proximity to dining, shopping, and entertainment. The property features a diverse unit mix consisting of eight 1-bedroom units, four 2-bedroom units, and one efficiency unit, providing flexibility and broad rental appeal. Functional layouts and consistent occupancy support stable operations, allowing investors to step into immediate income with established management in place. Residents enjoy convenient access to downtown Grapevine, major employment centers, and transportation corridors, contributing to long-term rental demand. With limited multifamily inventory in this submarket, this 13-unit property presents an excellent opportunity for local investors, portfolio buyers, or 1031 exchange purchasers seeking scale in a proven location. This is a compelling option for investors seeking a stabilized apartment asset with long-term upside in the Grapevine market. Property has been operated as part of a larger multifamily portfolio. Income is supported by current rent rolls. Certain operating expenses have historically been shared at the portfolio level and have been normalized for stand-alone review. Detailed financial information, including rent rolls and portfolio T-12, is available upon request and subject to buyer due diligence. ***Seller Financing NOT available*** Read Less
Courtesy of Bray Real Estate-Ft Worth, Kelsey Cretsinger.
Listing Snapshot
Days Online
5
Last Updated
Property Type
Apartment
Beds
17
Full Baths
13
Lot Size
0.51 Acres
Year Built
1963
MLS Number
21135293
Additional Details
Appliances & Equipment
Dishwasher, ElectricRange, Disposal, Refrigerator
Building
Built in 1963, Construction materials: Brick, Levels: Two, 3 buildings, 2, Toal building area: 10118
Cooling
CentralAir, CeilingFans, Electric
Floors
Carpet, Vinyl
Heating
Central, Electric
Interior Features
HighSpeedInternet, CableTv
Lot
0.51 acres, 22,216 sqft
Parking
26 total parkings, PermitRequired, ParkingLot
Pool
None
Roof
Composition
Security Features
FireAlarm, FireSprinklerSystem
Sewer
PublicSewer
Utilities
SewerAvailable, WaterAvailable, CableAvailable
Windows
WindowCoverings
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