Summary:
The Multifamily Group is pleased to present the exclusive offering of Birchman Commons, a unique, value-add opportunity in Fort Worth, Texas. Built in 1968, the property consists of 20 units offering a mix of one- and two-bedroom floor plans. The property is currently 45% occupied with strong occupancy rates in the submarket at 94% (Yardi). Birchman Commons is being offered free and clear of existing debt.
Value-Add:
- Increase Occupancy to Submarket Averages (94% Yardi)
- Increase Utility RUBS
- Protest Taxes to Reduce Expenses
Location:
Birchman Commons offers a prime investment opportunity in a rapidly growing area. The neighborhood boasts a high median income of $70,000+, reflecting its economic vitality and the presence of a robust, skilled workforce. Strategically positioned adjacent to Interstate-30, the property benefits from direct access to a major transportation artery, with approximately 108,000 vehicles passing by daily (TXDOT).
Economic Development:
The broader Fort Worth area is in the midst of a significant economic upswing, fueled by strategic plans and ambitious development projects. The Fort Worth Economic Development Strategic Plan, first established the city’s aspirations to sharpen its competitive edge, become a hub for creative and high-growth businesses, and ensure community vitality.
At the same time, the nearby Dallas-Fort Worth Metroplex is evolving into a powerhouse across multiple industries, drawing a wide mix of companies and professionals to the region. The immediate area around 5601 Birchman Avenue has begun to see new activity, notably the proposed $8 million, 29,000-square-foot office building at 5401 Birchman Avenue, which signals strong confidence in future property values and local growth.