1606 College Ave - Multi-Family FOR SALE


Fort Worth, TX 76104- Southside Medical District
$699,000 USD
817-714-7769
1606 College Ave, Fort Worth, TX for Sale
$699,000 USD
Multi-Family - FOR SALE
1/9
null | 6.54% Cap Rate

1606 College Ave
Fort Worth, TX 76104
Southside Medical District


HIGHLIGHTS

  • Walk Score 81
  • Builders Warranty
  • Walkable retail
  • Walkable transit
  • Centrally located
  • New build

OVERVIEW

New build duplex in Fort Worth's highly sought after Near Southside. Centrally located near downtown and just 3 blocks South of Magnolia Ave, home to some of the city's most critically acclaimed restaurants, popular local retailers and within walking distance to the city's primary medical district and intermodal transit hub with commuter rails connecting all of greater DFW. Lock & leave dwellings offer an efficient, but expansive floor plan appealing to a wide variety of prospective tenants ranging from medical professionals to college students. This opportunistic investment area is situated in the historically significant & resurging neighborhood of Fairmount which demands economically resiliant residential tenants while supporting stable rent growth. Each modern unit offers 3 bedrooms, 2.5 baths, open living, dining and kitchen area with brand new GE appliances, custom wood cabinetry and level II granite countertops.

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$234 USD /SF

# OF UNITS

2

PRICE/UNIT

$349,500

CAP RATE

6.54%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

College Ave Duplex

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2025

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,000 SF

ZONING

C

APN/PARCEL ID

00249270

ASK ABOUT THIS PROPERTY

Michael KarolCompassMore Info
817-714-7769

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Michael KarolCompassMore Info
817-714-7769

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.