This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Travis Avenue 1004 Travis ave

4 Unit Apartment Building $2,874,740 CAD ($718,685 CAD/Unit) 5.04% Cap Rate Fort Worth, TX 76104

Investment Highlights

  • Within walking distance to TCU Medical School, major healthcare institutions like Texas Health Harris Methodist and Cook Children’s Medical Center, as

Executive Summary

The fourplex at 1004 Travis Ave, Fort Worth, TX presents a rare
investment opportunity in a sought-after area near TCU and several
major hospitals. With a unique roof top terrace that enhances the living
experience, the property offers a premium feature that is likely to attract
medical professionals, university faculty, and residents. Combined with
the modern construction, strong demand from the healthcare sector,
and potential for appreciation, this property represents an attractive and
stable investment.

Data Room Click Here to Access

Financial Summary (Actual - 2023)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $201,807 $37.62
Other Income - -
Vacancy Loss - -
Effective Gross Income $201,807 $37.62
Taxes $41,109 $7.66
Operating Expenses $15,811 $2.95
Total Expenses $56,920 $10.61
Net Operating Income $144,887 $27.01

Financial Summary (Actual - 2023)

Gross Rental Income (CAD)
Annual $201,807
Annual Per SF $37.62
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $201,807
Annual Per SF $37.62
Taxes (CAD)
Annual $41,109
Annual Per SF $7.66
Operating Expenses (CAD)
Annual $15,811
Annual Per SF $2.95
Total Expenses (CAD)
Annual $56,920
Annual Per SF $10.61
Net Operating Income (CAD)
Annual $144,887
Annual Per SF $27.01

Property Facts

Price $2,874,740 CAD
Price Per Unit $718,685 CAD
Sale Type Investment
Cap Rate 5.04%
Sale Conditions High Vacancy Property
Gross Rent Multiplier 14.24
No. Units 4
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Townhome
Building Class C
Lot Size 0.12 AC
Building Size 5,365 SF
Average Occupancy 100%
No. Stories 3
Year Built 2024
Parking Ratio 0.75/1,000 SF

Amenities

  • Smoke Detector

Unit Amenities

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Microwave
  • Washer/Dryer
  • Heating
  • Ceiling Fans
  • Tile Floors
  • Crown Molding
  • Eat-in Kitchen
  • Kitchen
  • Granite Countertops
  • Refrigerator
  • Oven
  • Range
  • Carpet
  • Dining Room
  • Double Pane Windows
  • Family Room
  • Linen Closet
  • Pantry

Site Amenities

  • Fenced Lot

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 1 $4,456 CAD 1,490
2+2 2 $4,600 CAD 1,411
2+2 3 $5,031 CAD 1,411
1+1 4 $3,953 CAD 1,053
Walk Score ®
Very Walkable (82)
Bike Score ®
Biker's Paradise (96)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code C (Residential)
C (Residential)
  • Listing ID: 34266884

  • Date on Market: 2024-12-21

  • Last Updated:

  • Address: 1004 Travis ave, Fort Worth, TX 76104

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}