1420-1426 College Ave | Fort Worth, TX 76104
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- LoopNet Team
1420-1426 College Ave
Fort Worth, TX 76104
LA SALLE APARTMENTS · Multifamily Property For Sale
·
16 Units
INVESTMENT HIGHLIGHTS
- Stabilized apartment asset with significant rental upside (20%+)
- Southside Medical District Submarket: ~12% increase YoY in rents (CoStar)
- Architecturally Significant Building (Fortwortharchitecture.com)
- Opportunity to renovate units and bring rents up to market level
- Located approximately two miles south of Downtown Fort Worth in the Fairmount-Southside Historic District (National Register of Historic Places in 199
- Area has undergone significant improvements – located in Fort Worth Tax Increment Financing District #4 (City of Fort Worth)
PROPERTY FACTS
| No. Units | 16 | Building Size | 13,600 SF |
| Property Type | Multifamily | Average Occupancy | 81% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1927 |
| Building Class | C | Parking Ratio | 2.94/1,000 SF |
| Lot Size | 0.24 AC | ||
| Zoning | Commercial - Commercial | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 13,600 SF |
| Average Occupancy | 81% |
| No. Stories | 2 |
| Year Built | 1927 |
| Parking Ratio | 2.94/1,000 SF |
| Zoning | Commercial - Commercial |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Range
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 16 | - | - |
PROPERTY TAXES
| Parcel Number | 00319635 | Improvements Assessment | $1,940,000 |
| Land Assessment | $160,000 | Total Assessment | $2,100,000 |
PROPERTY TAXES
Parcel Number
00319635
Land Assessment
$160,000
Improvements Assessment
$1,940,000
Total Assessment
$2,100,000
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