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3133 Cockrell Ave 2 Unit Apartment Building $2,195,000 ($1,097,500/Unit) 6.16% Cap Rate Fort Worth, TX 76109
Investment Highlights
- New Construction Off-Campus Student Housing Near TCU
Executive Summary
Prime Investment Opportunity to get into the Student Housing Market near Texas Christian University. New Construction Duplex within walking distance to the campus with leases in place from June of 2026 - 2028. Currently under construction with expected completion in May of 2026. Each unit is 5 BR 5.5 BA with 2297 SQ FT per unit. Each unit is leased for $7000/mo. Tenants pay for all utilities. Includes gated off street parking, 70 in Flat Screen TV's in the living room, Two sets of Washers & Dryers, and Two Refrigerators in the kitchen area.
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,195,000 | Building Class | C |
| Price Per Unit | $1,097,500 | Lot Size | 0.14 AC |
| Sale Type | Investment | Construction Status | Under Construction |
| Cap Rate | 6.16% | Building Size | 4,594 SF |
| No. Units | 2 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2026 |
| Apartment Style | Townhome | ||
| Zoning | BU-RA 3 - Multi-Family Zoning within the Berry University Zoning District. | ||
| Price | $2,195,000 |
| Price Per Unit | $1,097,500 |
| Sale Type | Investment |
| Cap Rate | 6.16% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.14 AC |
| Construction Status | Under Construction |
| Building Size | 4,594 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2026 |
| Zoning | BU-RA 3 - Multi-Family Zoning within the Berry University Zoning District. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 5+5 | 2 | $7,000 | 2,297 |
1 1
Walk Score®
Very Walkable (89)
Property Taxes
| Parcel Number | 03320642 | Total Assessment | $248,400 (2025) |
| Land Assessment | $125,000 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $123,400 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
03320642
Land Assessment
$125,000 (2025)
Improvements Assessment
$123,400 (2025)
Total Assessment
$248,400 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Purple Real Estate LLC
3133 Cockrell Ave
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