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This Multifamily Property is no longer advertised on LoopNet.com.

504 Kemp Blvd
Wichita Falls, TX 76301
 Stone Ridge Apartments · Multifamily Property For Sale · 228 Units

Apartment Buildings Texas Wichita Falls 504 Kemp Blvd, Wichita Falls, TX 76301

INVESTMENT HIGHLIGHTS

  • Two-story, garden-style apartment portfolio presenting a value-add opportunity as the asset is currently 75%-occupied.
  • The historical vacancy is usually 10% or lower, and this property is one of the most competitive rentals in the market.
  • Interior upgrades completed feature black appliances, hardwood-inspired flooring, and resurfaced counters.
  • Surrounded by 94,140 residents within five miles that have an average household income of nearly $60,000.
  • Major employers in the area include the Sheppard Air Force Base, United Regional Medical Center, Midwestern State University, Walmart, and more.

PROPERTY FACTS

No. Units 228 Building Size 157,744 SF
Property Type Multifamily Average Occupancy 97%
Property Subtype Apartment No. Stories 2
Apartment Style Garden Year Built 1963
Building Class C Parking Ratio 1/1,000 SF
Lot Size 7.04 AC
Zoning MF - B14u - Apartments (14 Units And Over)
No. Units 228
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 7.04 AC
Building Size 157,744 SF
Average Occupancy 97%
No. Stories 2
Year Built 1963
Parking Ratio 1/1,000 SF
Zoning MF - B14u - Apartments (14 Units And Over)

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Dishwasher
  • Ceiling Fans
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Range
  • Patio

SITE AMENITIES

  • 24 Hour Access
  • Laundry Facilities
  • Pool
  • Property Manager on Site
  • Maintenance on site
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 18 - -
1+1 66 - -
2+1 144 - -

PROPERTY TAXES

Parcel Numbers
Multiple
  • 124255
  • 124253
  • 124266
 Improvements Assessment $7,319,828
Land Assessment $251,747 Total Assessment $7,571,575

PROPERTY TAXES

Parcel Numbers
Multiple
  • 124255
  • 124253
  • 124266
Land Assessment
$251,747
Improvements Assessment
$7,319,828
Total Assessment
$7,571,575
 

  • Listing ID: 22087216

  • Date on Market: 1/27/2021

  • Last Updated:

  • Address: 504 Kemp Blvd, Wichita Falls, TX 76301

More public record information on 504 Kemp Blvd, Wichita Falls, TX 76301

The West Wichita Falls Multifamily Property at 504 Kemp Blvd, Wichita Falls, TX 76301 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

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