The Property Oakcrest Apartments is a 36-unit garden-style community built in 1976. The property features individual HVAC systems and water heaters, along with a generous 70 parking spaces. Additionally, there is a laundry room, and the electrical and water lines are equipped with copper wiring. The asset remains in excellent condition with minimal deferred maintenance, and several units boast upgrades, including vinyl flooring, modern appliances, and new countertops. The Opportunity Oakcrest Apartments provides investors with an opportunity to purchase a stabilized property located in the center of Kennedale. The current operator’s attentive management has laid the groundwork for ongoing success. As the Rural Development (RD) Affordability has been phased out, the property has transitioned to market-rate, with current tenants receiving RD vouchers to offset the rent increase to market levels. These vouchers are allocated to the tenant, not the property, and will effectively support income during tenant turnover. New owners can increase revenue by implementing RUBS for water and sewer services. The Location Kennedale, a suburb 10 miles southeast of downtown Fort Worth, was once considered a rural area but has experienced significant growth since the original development of Oakcrest. The property is situated right at the corner of the new downtown Kennedale, proposed by the city in its 2024 Comprehensive Plan to rezone currently industrial land for commercial and retail-friendly uses as the city continues to grow in population. Additionally, with the ongoing redevelopment of the area, the property is poised for long-term appreciation. We encourage you to review the development highlight page below for a brief overview of recent economic development. The Debt The property is being marketed without any existing debt. To explore the most effective financing options, please reach out to the Greysteel Debt and Structured Finance team.