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Shadydell Townhomes 5841 Shadydell Dr 32 Unit Apartment Building $4,960,000 ($155,000/Unit) 7.41% Cap Rate Fort Worth, TX 76135
Investment Highlights
- - Ownership has spent over $224,750 in CapEx for 30 units, which includes interior (flooring, fresh painting, Blinds, Appliances etc.), fencing.
- - Exceptionally Low price at $170K per unit. Average Townhome price in DFW is $275K.
- - Two Bed and One and Half Bath Townhomes with 1088 Sqft with a patio and covered carport parking (2).
- - High Occupancy, High Demand for Rental Real Estate in Fort Worth
- - Conveniently located near major shopping destinations!
Executive Summary
Offering package sale of 8 Fourplexes townhomes (32 Units) , 2 stories Built year 1985 and Renovated 28 units in 2021,2022,2023 and 10 units can be improved to fetch higher rent to increase value. This will be a good Strategy Value-Add multifamily for the positive cash-flow. The current average effective rent $1300, whereas the average market rent is $1500. All occupied tenants are on annual lease and it will be a great opportunity to increase rent to generate more income during the lease renewals to improve the cashflow. Great brick fourplex with 90% occupancy. Nice floorplans with wood burning fireplaces, private fenced patios, covered parking and storage spaces. All kitchen appliances included. Configuration 2 Bed and 1 ½ Bath.
**Seller is willing to break the parcel and sell individual fourplexes for faster sale**
**Seller is willing to break the parcel and sell individual fourplexes for faster sale**
Property Facts
| Price | $4,960,000 | Building Class | B |
| Price Per Unit | $155,000 | Lot Size | 2.85 AC |
| Sale Type | Investment | Building Size | 34,560 SF |
| Cap Rate | 7.41% | Average Occupancy | 90% |
| No. Units | 32 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1985/2022 |
| Property Subtype | Apartment | Parking Ratio | 0.06/1,000 SF |
| Apartment Style | Townhome | ||
| Zoning | Residential - Residential Zoning | ||
| Price | $4,960,000 |
| Price Per Unit | $155,000 |
| Sale Type | Investment |
| Cap Rate | 7.41% |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 2.85 AC |
| Building Size | 34,560 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built/Renovated | 1985/2022 |
| Parking Ratio | 0.06/1,000 SF |
| Zoning | Residential - Residential Zoning |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Kitchen
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 32 | $1,350 | 1,088 |
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Property Taxes
| Parcel Numbers | Improvements Assessment | $1,053,200 | |
| Land Assessment | $36,000 | Total Assessment | $1,089,200 |
Property Taxes
Parcel Numbers
Land Assessment
$36,000
Improvements Assessment
$1,053,200
Total Assessment
$1,089,200
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
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Street
Map
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Presented by
J2S HOMES LLC
Shadydell Townhomes | 5841 Shadydell Dr
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