3200 Lake Como Dr
Fort Worth, TX 76107
Forest Apartments · Multifamily Property For Sale · 24 Units

Forest Apartments is a 24-unit, Class C multifamily asset located in the Lake Como area in Fort Worth, Texas. The property offers residents easy access to the Camp Bowie Historic District, Interstate 30, and Chisholm Trail Parkway,and is situated only five miles from downtown Fort Worth. Originally constructed in 1963, Forest Apartments was built with a long-lasting brick structure and slab foundation. The pitched roofs were reportedly recently replaced. The asset is seated on more than 39,200 square feet (0.9 acres) of land and is separately metered for electricity. The property is master-metered for gas, and the owner currently pays for both gas and water. Each 531-square foot, one-bedroom/one-bath unit has laminate counter-tops and carpet flooring. The Forest Apartments is an under-managed asset with operational enhancement upside opportunities. An investor can possibly restructure the on-site maintenance agreement which currently allows two maintenance staff members to live rent free, and enforce fee income policies, and potentially pass through water, gas,and garbage expenses. Situated in an established residential neighborhood, Forest Apartments is less than one mile from 24 Hour Fitness and one mile from Central Market, as well as near many other shopping and restaurant options. Residents will also be directly across from the sparkling Lake Como, a 10-area recreational lake and park. Additionally, the prestigious Texas Christian University is approximately four miles from the asset.