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Multifamily Investment Opportunity 1421-1423 Grand Ave

10 Unit Apartment Building $1,523,780 CAD ($152,378 CAD/Unit) 6.92% Cap Rate Fort Worth, TX 76164

Apartment Buildings Texas Fort Worth 1421-1423 Grand Ave, Fort Worth, TX 76164

Investment Highlights

  • Located in Dallas-Fort Worth, a Top 5 Metroplex
  • Upgraded electrical boxes and meters
  • Roof Replaced 2022
  • Recent Developments in The Area Such as New Hotel Drover
  • One unit with W/D connections
  • Utilities – Water, Sewage Gas Master metered, Electric is individually metered

Executive Summary

Broker of Record
Patrick Graham
License No. 9005919 (TX)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225

Property Facts

Price $1,523,780 CAD Building Class C
Price Per Unit $152,378 CAD Lot Size 0.16 AC
Sale Type Investment Building Size 7,300 SF
Cap Rate 6.92% Average Occupancy 100%
No. Units 10 No. Stories 2
Property Type Multifamily Year Built 1928
Property Subtype Apartment Parking Ratio 0.82/1,000 SF
Apartment Style Low Rise
Price $1,523,780 CAD
Price Per Unit $152,378 CAD
Sale Type Investment
Cap Rate 6.92%
No. Units 10
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.16 AC
Building Size 7,300 SF
Average Occupancy 100%
No. Stories 2
Year Built 1928
Parking Ratio 0.82/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 4 - 650
1+1 4 - 700
2+1 2 - 1,000

Links

1 of 1

PROPERTY TAXES

Parcel Number 00189316 Improvements Assessment $1,322,072 CAD
Land Assessment $43,120 CAD Total Assessment $1,365,192 CAD

PROPERTY TAXES

Parcel Number
00189316
Land Assessment
$43,120 CAD
Improvements Assessment
$1,322,072 CAD
Total Assessment
$1,365,192 CAD

zoning

Zoning Code B1
B1
(214) 663-4236

Contact

  • Listing ID: 33208305

  • Date on Market: 2024-09-17

  • Last Updated:

  • Address: 1421-1423 Grand Ave, Fort Worth, TX 76164

The Multifamily Property at 1421-1423 Grand Ave, Fort Worth, TX 76164 is currently available for sale. Contact Matthews Real Estate Investment Services for more information.

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Multifamily Investment Opportunity | 1421-1423 Grand Ave
(214) 663-4236 x

Multifamily Investment Opportunity | 1421-1423 Grand Ave

Kevin Diener

(214) 663-4236

(214) 663-4236

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