This investment opportunity is listed at a value add price—positioning this 6-plex to be made-ready and stabilized. A rare opportunity to maximize a value add investment product—offering an exceptional future upside in Fort Worth's high-momentum Historic Southside. The asset features a strategic configuration of four spacious 2-bedroom-1-bath units and two… Read More high-yield 1-bedroom-1-bath units. To maximize investor upside, three units have been intentionally left vacant, allowing the incoming owner to immediately execute strategic cosmetic updates and lease them out at full stabilized market rates. Anchored by recent foundational capital improvements, including a newly patched and smoothed parking lot along with newly installed security window gates, the property operates on strong municipal fundamentals within Fort Worth ISD. Located just four minutes east of the booming Southside-Fairmount and Main Street retail corridors, less than 1.5 miles from major healthcare employment drivers like JPS Health Network and Texas Health Harris Methodist Hospital, and six minutes from Tarrant County College Trinity Campus and Texas Wesleyan University, this asset is primed for immediate rent optimization. Upon full stabilization, the property delivers a robust projected pro-forma 8%+ CAP rate in a submarket experiencing a 6.4% year-over-year escalation in property valuations. Read Less
Courtesy of Property Rights Advocacy Group, Jenna Harris.
Listing Snapshot
Days Online
4
Last Updated
Property Type
Apartment
Beds
10
Full Baths
6
Lot Size
0.11 Acres
Year Built
1965
MLS Number
21318970
Additional Details
Appliances & Equipment
Dishwasher, ElectricCooktop, Refrigerator
Building
Built in 1965, Construction materials: Unknown, WoodSiding, Levels: Two, 1 building, 2, Toal building area: 3470
