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CoHo Apartments 312 W Terrell Ave 54 Unit Apartment Building For Sale Fort Worth, TX 76104
Investment Highlights
- Class A boutique community built in 2021 featuring rooftop deck, gated parking garage, resident lounge, and premium amenities
- Prime Near Southside location minutes from Fort Worth's Medical District, Downtown, TCU, and major employment centers
- Expand the furnished unit program and implement bulk cable & internet to create more than $37K in additional annual ancillary income
Executive Summary
Marcus & Millichap is pleased to present the exclusive listing of CoHo, a 54-unit Class A boutique apartment community located in Fort Worth, Texas. Completed in 2021, the property features a highly differentiated product offering highlighted by 44 thoughtfully designed studio residences equipped with innovative Ori® transformable living systems that maximize functionality and appeal to today's urban renter. New ownership can further increase revenue by implementing a bulk cable and internet program projected to generate more than $22,000 in annual net income, expanding the furnished unit program that has achieved rent premiums of up to $600 per month from traveling medical professionals, and fully implementing the recently increased amenity fee to generate an additional $15,000+ annually. Ideally located within Fort Worth's highly desirable Near Southside neighborhood, CoHo offers walkable access to entertainment, dining, and nightlife while benefiting from proximity to the Medical District, Texas Christian University, Downtown Fort Worth, and exceptional regional connectivity throughout the Metroplex.
Property Facts
| Sale Type | Investment | Lot Size | 0.40 AC |
| No. Units | 54 | Building Size | 38,000 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2022 |
| Building Class | B | Parking Ratio | 0.63/1,000 SF |
| Zoning | NST4N - Bc - Multi-Family Commercial | ||
| Sale Type | Investment |
| No. Units | 54 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.40 AC |
| Building Size | 38,000 SF |
| Average Occupancy | 96% |
| No. Stories | 3 |
| Year Built | 2022 |
| Parking Ratio | 0.63/1,000 SF |
| Zoning | NST4N - Bc - Multi-Family Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Washer/Dryer
- Kitchen
- Granite Countertops
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Clubhouse
- Furnished Units Available
- Pet Play Area
- Bicycle Storage
- Lounge
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 54 | - | 327 - 346 |
Very walkable
80/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 42452978 | Improvements Assessment | $4,713,625 |
| Land Assessment | $786,375 | Total Assessment | $5,500,000 |
Property Taxes
Parcel Number
42452978
Land Assessment
$786,375
Improvements Assessment
$4,713,625
Total Assessment
$5,500,000
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