972-379-9862
5601 Birchman Ave, Fort Worth, TX for Sale
Apartments - FOR SALE
1/13
null | Request Cap Rate

5601 Birchman Ave
Fort Worth, TX 76107
West Fort Worth


HIGHLIGHTS

  • $600,000+ Potential NOI Boost through Value-Add
  • High Visibility Right Off Interstate-30 with 108,000+ Vehicles Passing Per Day (TxDOT)
  • Individual HVACs and Electric Hot Water Heaters
  • $70,000+ Median Household Income in a 3-Mile Radius (Yardi*)
  • Located at the Intersection of Interstate-30 and U.S. Route-377
  • $8MM Office Building Being Developed Just Two Blocks Away

OVERVIEW

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.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

20

CAP RATE

Request Cap Rate

% LEASED

45%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Birchman Commons

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

MF1

APN/PARCEL ID

00484903

ASK ABOUT THIS PROPERTY

Chase DavisThe Multifamily GroupMore Info
972-379-9862

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

Chase DavisThe Multifamily GroupMore Info
972-379-9862

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