6188-98 Vega Dr - Apartments FOR SALE


Fort Worth, TX 76133- Wedgwood | 
$490,000 USD
213-536-7976
6188-98 Vega Dr, Fort Worth, TX for Sale
$490,000 USD
Apartments - FOR SALE
1/26
null | 6.52% Cap Rate

6188-98 Vega Dr
Fort Worth, TX 76133
Wedgwood


HIGHLIGHTS

  • 100% occupied with leases secured through mid-2027 to early 2028
  • Two of four units fully rehabbed in the past year — new appliances, electrical panel, water heater
  • Embedded upside: remaining two units offer further value-add at next turnover
  • Low landlord burden — owner pays only water/sewer; electric is tenant-paid and individually metered
  • Motivated seller executing a 1031 exchange

OVERVIEW

Fully occupied 4-unit value-add opportunity in Fort Worth's Wedgwood submarket, with in-place leases secured through mid-2027 to early 2028. Units 6188 and 6198 have undergone complete interior rehabs — new appliances, updated electrical panel, and water heater replacement — while Units 6192 and 6196 offer further upside at next turnover, mirroring the improvements already completed. Zero missed rent payments since acquisition. Owner pays water/sewer only; electric is individually metered and tenant-paid. Seller is executing a 1031 exchange and is motivated to transact. Supporting financials (T12, rent roll) available to qualified buyers following an accepted LOI.

FOR SALE DETAILS

PRICE

$490,000 USD

PRICE/SF

$133 USD /SF

# OF UNITS

4

PRICE/UNIT

$122,500

CAP RATE

6.52%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6188 Vega Drive

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

-

APN/PARCEL ID

03358879

ASK ABOUT THIS PROPERTY

Ashraf FarassatiAshraf FarassatiMore Info
213-536-7976

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Ashraf FarassatiAshraf FarassatiMore Info
213-536-7976

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