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North Park Townhomes 113 North Park Ct 48 Unit Apartment Building For Sale Springtown, TX 76082
Investment Highlights
- Located 20 miles from Fort Worth, providing access to major job centers.
- Positioned in a growing suburban market with strong rental demand.
Executive Summary
North Park Townhomes presents an opportunity to acquire a stabilized, Class A build-to-rent community in the growing Springtown submarket of Parker County, Texas. Completed in 2020, this 48-unit property features spacious three-bedroom floor plans with two or two-and-a-half bathrooms, direct-access garages, and expansive fenced yards, catering to the strong demand for high-quality rental housing in the region.
The property is strategically located approximately 20 miles from the outer loop of Fort Worth, providing residents with convenient access to major employment centers while enjoying the benefits of a suburban lifestyle. The community’s fourplex-style design enhances privacy and livability, appealing to long-term tenants seeking a single-family feel within a managed rental environment.
With 96% occupancy and agency financing options available, North Park Townhomes offers investors a stabilized asset with immediate income and attractive leverage opportunities. The combination of modern construction, large unit layouts, and proximity to Fort Worth’s economic hubs positions this property as a compelling long-term investment in a high-growth corridor.
The property is strategically located approximately 20 miles from the outer loop of Fort Worth, providing residents with convenient access to major employment centers while enjoying the benefits of a suburban lifestyle. The community’s fourplex-style design enhances privacy and livability, appealing to long-term tenants seeking a single-family feel within a managed rental environment.
With 96% occupancy and agency financing options available, North Park Townhomes offers investors a stabilized asset with immediate income and attractive leverage opportunities. The combination of modern construction, large unit layouts, and proximity to Fort Worth’s economic hubs positions this property as a compelling long-term investment in a high-growth corridor.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Property Facts Under Contract
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Kitchen
- Ice Maker
- Refrigerator
- Tub/Shower
- Freezer
- Pantry
- Smoke Free
Site Amenities
- 24 Hour Access
- Controlled Access
- Property Manager on Site
- Tenant Controlled HVAC
- Smoke Free
- Community-Wide WiFi
- Maintenance on site
- Online Services
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 24 | - | 1,265 |
| 3+2.5 | 24 | - | 1,366 |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $6,048,576 | |
| Land Assessment | $780,000 | Total Assessment | $6,828,576 |
Property Taxes
Parcel Numbers
Land Assessment
$780,000
Improvements Assessment
$6,048,576
Total Assessment
$6,828,576
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