2701 S University Dr - Multi-Family FOR SALE


Fort Worth, TX 76109- TCU District
$7,088,990 USD
817-946-1299
2701 S University Dr, Fort Worth, TX for Sale
$7,088,990 USD
Multi-Family - FOR SALE
1/21
null | 6.88% Cap Rate

2701 S University Dr
Fort Worth, TX 76109
TCU District


HIGHLIGHTS

  • some units close to campus
  • some units oversized back yards
  • units grandfathered in TCU Overlay

OVERVIEW

This is a rare investment opportunity to acquire student housing in the highly sought-after Texas Christian University (TCU) area of Fort Worth, TX. The offering includes 12 addresses, available individually or as a portfolio, with ownership distributed among four investors (each holding between one and four properties). One package—3201 Forest Park Blvd and 2313 W Devitt St—must be sold together due to its duplex configuration and unified reporting, while the remaining properties can be sold separately. Ten of the twelve assets are grandfathered under the exclusive TCU Overlay, allowing more than three unrelated tenants per home—an entitlement now held by only one-third of the original 700 properties—resulting in higher rental income potential. To maintain this zoning advantage, new owners must register with the City of Fort Worth within 10 days of closing. Two properties sit on oversized lots and are prime for redevelopment or expansion, offering additional upside for investors. Buyer is responsible for verifying all financials during due diligence. All properties are tenant-occupied and require at least 24 hours’ notice for showings. For more information or to schedule a tour, contact Jeremy O. Spann at (817) 946-1299 or jspann@briggsfreeman.com.

FOR SALE DETAILS

PRICE

$7,088,990 USD

PRICE/SF

$1,893 USD /SF

# OF UNITS

52

PRICE/UNIT

$136,327

CAP RATE

6.88%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2016

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

00393010

ASK ABOUT THIS PROPERTY

Jeremy SpannBriggs Freeman Sotheby's International RealtyMore Info
817-946-1299

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Jeremy SpannBriggs Freeman Sotheby's International RealtyMore Info
817-946-1299

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