$8,950,000 USD
214-271-8073
2800 Las Vegas Trl
Fort Worth, TX 76116
Western Hills/Ridglea
HIGHLIGHTS
- HEAVY VALUE-ADD OPPORTUNITY WITH SIGNIFICANT UPSIDE: Mira Monte presents a true value-add opportunity with 116 units
- BELOW-MARKET RENTS WITH IMMEDIATE CASH FLOW: Currently operating below market rents with 82% occupancy, the property provides in-place income
- STRATEGIC LOCATION IN RAPIDLY GROWING SUBMARKET: Located in the high-demand western corridor of Fort Worth
- LARGE UNIT SIZES IDEAL FOR TENANT RETENTION: With an average unit size of 887 SF—including spacious 1-bedrooms at ±770 SF and 2-bedrooms at ±1,100 SF
- IDEAL INVESTMENT PROFILE FOR YIELD + GROWTH INVESTORS: This asset offers a blend of in-place cash flow with significant value creation
- TRAFFIC COUNT REPORT: Las Vegas Trail sees an average daily traffic volume of ±12,468 vehicles and is located just ±0.16 miles from the property
FOR SALE DETAILS
PRICE
$8,950,000 USD
PRICE/SF
$84 USD /SF
# OF UNITS
116
PRICE/UNIT
$77,155
CAP RATE
Request Cap Rate
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Mira Monte Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1970
PARKING SPACES
140
LAND DETAILS
LAND ACRES
5.28 AC
LAND SF
229,997 SF
ZONING
D; Fort Worth
APN/PARCEL ID
03433382
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214-271-8073
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214-271-8073
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