Extensive Repairs and upgrades completed for certificate of occupancy. Potential Frat House for near by Educational Institution.
8 Units of various sizes. The bank loves this property. Good tenants. Rents are far too low for this area. Great potential for an Investor.
Villas at Edgewood Apartments is a 72 unit, 1973 construction, C quality multifamily asset located in Fort Worth. The property sits on 2.3 acres, has 63,400 SF of rentable space, and 110 parking spaces. The property consists of 12 residential buildings and 1 leasing office constructed of concrete slab foundation, which are all two stories. The asset has received many recent capital improvements and upgrades since being acquired in 2013. Major capital improvements include plumbing improvements, new roofs, flooring, replaced siding on all buildings, replaced windows and trim on all buildings, gutters installed on all buildings, built storage room and office, remodeled laundry room, added roof covering to mail box area, side walk repair and replace, parking lot repair, enlarged trash can concrete pad, re-built back perimeter fence, major foundation repair on building 507, and interior and exterior paint.
PROPERTY IS VACANT AND BEING SOLD AS-IS. NO OWNER FINANCING OR FINANCIALS AVAILABLE. Property had an interior fire in one of the units so there is some smoke, fire and water damage. Built in 1935 (TAD) with a pier and beam foundation and a brick facade, this property is a 2 story, 8 unit apartment building. The property is zoned NS-T5I, which allows for a wide variety of commercial uses. Property is located in the TIF and NEZ. 2015 Ad Valorem Taxes - $4,257.36
All bills paid, fractured condo, turnkey investment opportunity with a historically high occupancy. Recent capital improvements include a chiller system.
Outstanding Opportunity to Acquire 24 Units in a Major Market with Attractive Going-In Yield with Additional Upside on the Table Property Currently Enjoys 10% Average Rent Increases on New Leases - Strong Positive Trends for Revenue Available Free and Clear of Existing Debt - Attractive New Financing Available Appealing, Well Maintained 1984's Construction with Great Curb Appeal - Nearly $100K in Recent Capital Improvements. Unit Mix - 12 - One Bedroom One Bath 4 - Two Bedroom One Bath 8 - Two Bedroom Two Bath Roof replaced November 2015. Fireplaces in most units, washer and dryer connections in all units. 92% leased. 7% cap rate. Great location in the heart of Arlington, Texas. Professional Property Management in Place -- Management Can Remain if Desired Mineral Rights Excluded
KW Commercial is pleased to present a 10 Unit Townhome Portfolio in Arlington, TX. Construction was completed in August of 2015 and all of the units were preleased.
$500,000Size Upon Req.
The MHP consists of 13 mobile homes and 1 house and a 2 story duplex. All the units are owned by the park. 12 of our residents have resided in the park for over 6 years and the park is managed by an on-site manager who has lived in the park for 12 years.
For Sale is 3 Cash Flowing Rental Properties that were remodeled completely in 2014. 2 of the Properties have new PVC plumbing pipes under the house as well as new HVAC's and Roofs. Units are very well maintained by a property mgmt company. 1. 6049 Wimbleton Way Fort Worth TX 4/3/2 2. 216 Wesley Dr Desoto TX 3/2/2 3. 253 Hialeah Pk Fort Worth TX 4/2/2
Price Upon Req.46,544 SF
The Property has most recently been used for an office/warehouse, but it's neighborhood has seen many properties transitioning to new uses in recent years. It is near several mixed-use developments such as Montgomery Plaza, West 7th, So7 and Museum Place. Seller is retaining all minerals.