2213 Capri Dr - Apartments FOR SALE


Fort Worth, TX 76114- North Side | 
$2,995,000 USD
817-863-8171
2213 Capri Dr, Fort Worth, TX for Sale
$2,995,000 USD
Apartments - FOR SALE
1/5
null | 7.13% Cap Rate

2213 Capri Dr
Fort Worth, TX 76114
North Side


OVERVIEW

Villa Capri is a 42-unit multifamily property in Fort Worth's Northside/River Oaks submarket, with direct frontage on Jacksboro Highway (SH 199). It sits 2.5 miles from the Fort Worth Stockyards and just 4 miles from Downtown, in a corridor that will continue to benefit from the city's growth. Offered at $2,995,000 ($71,310 per unit), the property delivers day one cash flow at a cap rate north of 7%, with in-place rents averaging $1,060 across 8 studios, 17 one-bedrooms, and 17 two-bedroom units. Villa Capri has changed hands only twice in the past 40 years, and most units remain in classic or lightly upgraded finish. Many big-ticket capital items have been addressed; the roof was replaced in 2018, the gas lines in 2024, and every unit has its own water heater and HVAC. That leaves a buyer free to focus on the upside. The most immediate lever is utilities. Units are individually metered for electricity but have always been run all bills paid, and the owner absorbed more than $60,000 in utility costs over the trailing twelve months. Shifting that expense to residents is a straightforward, well-tested move that drops directly to NOI. Add in occupancy approaching 90% and only 8 comparable market-rate properties within a two-mile radius, and Villa Capri offers a rare combination of current income, limited competition, and a clear path to net income growth.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$134 USD /SF

# OF UNITS

42

PRICE/UNIT

$71,310

CAP RATE

7.13%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Villa Capri

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

51,096 SF

ZONING

Commercial

APN/PARCEL ID

04530748

ASK ABOUT THIS PROPERTY

Dylan YorkColonial Commercial Real Estate, LLCMore Info
817-863-8171

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Dylan YorkColonial Commercial Real Estate, LLCMore Info
817-863-8171

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