511 Tierney Rd
Fort Worth, TX 76112
Ambassador Apartments · Multifamily Property For Sale · 62 Units

This offering is for a multi-family complex situated one block off Lancaster Avenue, a heavily traveled main corridor connecting Fort Worth and Dallas. Ranked the 16th largest, and one of the fastest growing cities in the U.S.,Fort Worth is home to more than 800,000 residents. Estimates show over 1,000 people per month moving to Fort Worth alone with many more moving into the North Texas region. The City’s commitment to infrastructure improvements has ignited public and private development along the already heavily traveled Lancaster corridor as part of a larger strategic plan for urban revitalization expected to continue into the foreseeable future. Tenants enjoy easy access to public transportation and major highways making it convenient for travel to work. Built in 1962, Ambassador Apartments is comprised of six dwelling buildings, with individual exterior access to each apartment. Rent includes electric, water, waste water, and trash, serving as a draw for prospective tenants. The spacious complex has large, open, common areas where all units face for access. Unit features include roomy floor plans with substantial closet space, built-in vanity area (1-1), separate dining area, bathroom with lighted medicine cabinets, and large living rooms. Ambassador Apartments presents an opportunity for a new owner to increase rents by continuing with interior renovations while benefiting from the organic rent growth of the Dallas/Fort Worth Metroplex.