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Bedford Hills Apartments 964 Simpson Ter 84 Unit Apartment Building For Sale Bedford, TX 76021
INVESTMENT HIGHLIGHTS
- The community is an 84-unit garden-style asset with large floorplans averaging 1,078 SF, more than 80% of which are two- and three bedrooms.
- The Property is served by the highly ranked HEB ISD, rated A+ by Niche, with access to top schools including Bedford Heights Elementary.
- Located in a prime H-E-B submarket with a stable tenant base. It has a strong operating history with consistently high occupancy.
- The Property is offered free and clear. Please contact Ralph Rader of Greysteel’s Debt and Structured Finance team for financing options.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 4.55 AC |
| No. Units | 84 | Building Size | 90,578 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1977 |
| Building Class | B | Parking Ratio | 1.66/1,000 SF |
| Zoning | Commercial | ||
| Sale Type | Investment |
| No. Units | 84 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 4.55 AC |
| Building Size | 90,578 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1977 |
| Parking Ratio | 1.66/1,000 SF |
| Zoning | Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- High Speed Internet Access
- Refrigerator
- Oven
- Range
SITE AMENITIES
- Laundry Facilities
- Playground
- Pool
- Property Manager on Site
- Maintenance on site
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 750 |
| 1+1.5 | 8 | - | 940 |
| 2+1.5 | 22 | - | 1,129 |
| 2+2 | 24 | - | 981 |
| 3+2 | 8 | - | 1,138 |
| 3+2.5 | 14 | - | 1,395 - 1,398 |
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PROPERTY TAXES
| Parcel Number | 00136018 | Improvements Assessment | $12,905,845 |
| Land Assessment | $694,155 | Total Assessment | $13,600,000 |
PROPERTY TAXES
Parcel Number
00136018
Land Assessment
$694,155
Improvements Assessment
$12,905,845
Total Assessment
$13,600,000
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Bedford Hills Apartments | 964 Simpson Ter
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