5841 Shadydell Dr - Apartments FOR SALE


Fort Worth, TX 76135- Marine Creek
$4,960,000 USD
682-559-2278
5841 Shadydell Dr, Fort Worth, TX for Sale
$4,960,000 USD
Apartments - FOR SALE
1/29
null | 7.41% Cap Rate

5841 Shadydell Dr
Fort Worth, TX 76135
Marine Creek


HIGHLIGHTS

  • - Ownership has spent over $224,750 in CapEx for 30 units, which includes interior (flooring, fresh painting, Blinds, Appliances etc.), fencing.
  • - High Occupancy, High Demand for Rental Real Estate in Fort Worth
  • - Exceptionally Low price at $170K per unit. Average Townhome price in DFW is $275K.
  • - Conveniently located near major shopping destinations!
  • - Two Bed and One and Half Bath Townhomes with 1088 Sqft with a patio and covered carport parking (2).

OVERVIEW

Offering package sale of 8 Fourplexes townhomes (32 Units) , 2 stories Built year 1985 and Renovated 28 units in 2021,2022,2023 and 10 units can be improved to fetch higher rent to increase value. This will be a good Strategy Value-Add multifamily for the positive cash-flow. The current average effective rent $1300, whereas the average market rent is $1500. All occupied tenants are on annual lease and it will be a great opportunity to increase rent to generate more income during the lease renewals to improve the cashflow. Great brick fourplex with 90% occupancy. Nice floorplans with wood burning fireplaces, private fenced patios, covered parking and storage spaces. All kitchen appliances included. Configuration 2 Bed and 1 ½ Bath. **Seller is willing to break the parcel and sell individual fourplexes for faster sale**

FOR SALE DETAILS

PRICE

$4,960,000 USD

PRICE/SF

$144 USD /SF

# OF UNITS

32

PRICE/UNIT

$155,000

CAP RATE

7.41%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shadydell Townhomes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

2

LAND DETAILS

LAND ACRES

2.85 AC

LAND SF

124,146 SF

ZONING

Residential

APN/PARCEL ID

05433258

ASK ABOUT THIS PROPERTY

Abdul Jameel Abdur RahmanJ2S HOMES LLCMore Info
682-559-2278

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

Abdul Jameel Abdur RahmanJ2S HOMES LLCMore Info
682-559-2278

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