629 Central Ave | Newark, TX 76071
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- LoopNet Team
629 Central Ave
Newark, TX 76071
Newark Beach Estates · Multifamily Property For Sale
·
25 Units
INVESTMENT HIGHLIGHTS
- Opportunity to Invest in a High-Growth Market with Rent Growth at 16% Year-to-Date and Projected at 7% for the Submarket in 2022 (Yardi)
- Within Commuter Range of Fort Worth, the 12th Largest City in the U.S. (U.S. Census Bureau)
- Lower Tax Rate Due to Being in Wise County 2.27% Rate in 2021, Versus 2.75% on Average in Tarrant County in 2021
PROPERTY FACTS
| No. Units | 25 | Building Size | 20,930 SF |
| Property Type | Multifamily | Average Occupancy | 88% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1981 |
| Building Class | B | Parking Ratio | 1.82/1,000 SF |
| Lot Size | 1.61 AC | ||
| Zoning | Commercial - Commercial | ||
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.61 AC |
| Building Size | 20,930 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built | 1981 |
| Parking Ratio | 1.82/1,000 SF |
| Zoning | Commercial - Commercial |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Range
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 25 | - | - |
PROPERTY TAXES
| Parcel Number | R1970055700 | Improvements Assessment | $2,927,424 |
| Land Assessment | $148,740 | Total Assessment | $3,076,164 |
PROPERTY TAXES
Parcel Number
R1970055700
Land Assessment
$148,740
Improvements Assessment
$2,927,424
Total Assessment
$3,076,164
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