421 E Worth St | Grapevine, TX 76051
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- LoopNet Team
421 E Worth St
Grapevine, TX 76051
Texas Apartments, Inc · Multifamily Property For Sale
·
32 Units
INVESTMENT HIGHLIGHTS
- Incredible location two blocks from downtown Historic Grapevine
- Easy Access to major transportation arteries and close proximity to TEXRail, Grapevine Main, Harvest Hall & Hotel Vin, Lake Grapevine
- History of strong demand and leasing in the area.
- 100% Occupancy
- Value-add potential through continued unit upgrades and offers significant upside through rent growth opportunities
- Prominent location serving established residential market
PROPERTY FACTS
| No. Units | 32 | Building Size | 21,872 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1972 |
| Building Class | C | Parking Ratio | 2.19/1,000 SF |
| Lot Size | 1.19 AC | ||
| Zoning | R-7.5 | ||
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.19 AC |
| Building Size | 21,872 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 2.19/1,000 SF |
| Zoning | R-7.5 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 24 | $1,050 | 640 |
| 2+1 | 8 | $1,250 | 740 |
PROPERTY TAXES
| Parcel Number | 04546954 | Improvements Assessment | $4,574,505 |
| Land Assessment | $258,770 | Total Assessment | $4,833,275 |
PROPERTY TAXES
Parcel Number
04546954
Land Assessment
$258,770
Improvements Assessment
$4,574,505
Total Assessment
$4,833,275
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