Travis Avenue | 1004 Travis ave
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Travis Avenue 1004 Travis ave
4 Unit Apartment Building $2,000,000 ($500,000/Unit) 5.04% Cap Rate Fort Worth, TX 76104
Investment Highlights
- Within walking distance to TCU Medical School, major healthcare institutions like Texas Health Harris Methodist and Cook Children’s Medical Center, as
Executive Summary
The fourplex at 1004 Travis Ave, Fort Worth, TX presents a rare
investment opportunity in a sought-after area near TCU and several
major hospitals. With a unique roof top terrace that enhances the living
experience, the property offers a premium feature that is likely to attract
medical professionals, university faculty, and residents. Combined with
the modern construction, strong demand from the healthcare sector,
and potential for appreciation, this property represents an attractive and
stable investment.
investment opportunity in a sought-after area near TCU and several
major hospitals. With a unique roof top terrace that enhances the living
experience, the property offers a premium feature that is likely to attract
medical professionals, university faculty, and residents. Combined with
the modern construction, strong demand from the healthcare sector,
and potential for appreciation, this property represents an attractive and
stable investment.
Data Room Click Here to Access
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$140,400
|
$26.17
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$140,400
|
$26.17
|
| Taxes |
$28,600
|
$5.33
|
| Operating Expenses |
$11,000
|
$2.05
|
| Total Expenses |
$39,600
|
$7.38
|
| Net Operating Income |
$100,800
|
$18.79
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $140,400 |
| Annual Per SF | $26.17 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $140,400 |
| Annual Per SF | $26.17 |
| Taxes | |
|---|---|
| Annual | $28,600 |
| Annual Per SF | $5.33 |
| Operating Expenses | |
|---|---|
| Annual | $11,000 |
| Annual Per SF | $2.05 |
| Total Expenses | |
|---|---|
| Annual | $39,600 |
| Annual Per SF | $7.38 |
| Net Operating Income | |
|---|---|
| Annual | $100,800 |
| Annual Per SF | $18.79 |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Crown Molding
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Range
- Carpet
- Dining Room
- Double Pane Windows
- Family Room
- Linen Closet
- Pantry
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | $3,100 | 1,490 |
| 2+2 | 2 | $3,200 | 1,411 |
| 2+2 | 3 | $3,500 | 1,411 |
| 1+1 | 4 | $2,750 | 1,053 |
1 of 1
Walk Score ®
Very Walkable (82)
Bike Score ®
Biker's Paradise (96)
zoning
| Zoning Code | C (Residential) |
| C (Residential) |
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Rupani & Mathew LLC
Travis Avenue | 1004 Travis ave
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