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.