2701 Hemphill St
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2701 Hemphill St
20 Unit Apartment Building For Sale Fort Worth, TX 76110
Investment Highlights
- 10%+ Cash-on-Cash Averaged Over 5 Years
- $55,947 Area Median Income - 5-Mile Radius (CoStar)
- 2-Miles from the Fort Worth Medical District ($5.5B Economic Impact) and Texas Christian University (TCU)
- Turnkey Property - All Units are Fully Renovated
- Roof Replaced 4 Years Ago & Recently Painted Exterior
- Fort Worth: The Fastest Growing City in the United States
Executive Summary
Summary:
The Multifamily Group is pleased to present the exclusive offering of the Fontaine Apartments, in Fort Worth, Texas. Built in 1961, Fontaine consists of 20 one-bedroom, one-bathroom units, each spanning 689 square feet. Fontaine is available for purchase free and clear of any existing debt.
Capital Expenditures:
- All units have undergone full renovations.
- The roofs were replaced four years ago.
- The exterior received a fresh coat of paint in 2022.
Prime Location:
Fontaine enjoys a prime location 2.6-miles south of downtown Fort Worth, nestled within the thriving Dallas-Fort Worth metroplex, which boasts a population of over 7 million. Fort Worth, the fastest-growing city in the U.S., is home to more than 990,000 residents. Situated in a neighborhood with a median income of $55,947 (CoStar), the property offers exceptional accessibility, located less than a mile from I-35W. Daggett Elementary and Middle School are within a mile, and it is a short drive to La Gran Plaza de Fort Worth. Additionally, the property is close to the trendy Magnolia Avenue, known for its upscale dining, boutique shopping, and vibrant nightlife.
Fort Worth Medical District:
Half of the tenants work in the Fort Worth Medical District, a thriving hub that supports nearly 39,000 jobs through its healthcare providers. The district’s facilities generate a remarkable $4.2 billion annual economic impact for Fort Worth and $5.5 billion for Tarrant County, underscoring its vital role in the region’s economy.
The Multifamily Group is pleased to present the exclusive offering of the Fontaine Apartments, in Fort Worth, Texas. Built in 1961, Fontaine consists of 20 one-bedroom, one-bathroom units, each spanning 689 square feet. Fontaine is available for purchase free and clear of any existing debt.
Capital Expenditures:
- All units have undergone full renovations.
- The roofs were replaced four years ago.
- The exterior received a fresh coat of paint in 2022.
Prime Location:
Fontaine enjoys a prime location 2.6-miles south of downtown Fort Worth, nestled within the thriving Dallas-Fort Worth metroplex, which boasts a population of over 7 million. Fort Worth, the fastest-growing city in the U.S., is home to more than 990,000 residents. Situated in a neighborhood with a median income of $55,947 (CoStar), the property offers exceptional accessibility, located less than a mile from I-35W. Daggett Elementary and Middle School are within a mile, and it is a short drive to La Gran Plaza de Fort Worth. Additionally, the property is close to the trendy Magnolia Avenue, known for its upscale dining, boutique shopping, and vibrant nightlife.
Fort Worth Medical District:
Half of the tenants work in the Fort Worth Medical District, a thriving hub that supports nearly 39,000 jobs through its healthcare providers. The district’s facilities generate a remarkable $4.2 billion annual economic impact for Fort Worth and $5.5 billion for Tarrant County, underscoring its vital role in the region’s economy.
Property Facts
| Sale Type | Investment | Lot Size | 0.34 AC |
| No. Units | 20 | Building Size | 13,780 SF |
| Property Type | Multifamily | Average Occupancy | 85% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low Rise | Year Built | 1961 |
| Building Class | C |
| Sale Type | Investment |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 13,780 SF |
| Average Occupancy | 85% |
| No. Stories | 2 |
| Year Built | 1961 |
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- Refrigerator
- Range
- Tub/Shower
- Walk-In Closets
- Framed Mirrors
- Garden
- Vinyl Flooring
- Window Coverings
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 20 | - | 689 |
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PROPERTY TAXES
| Parcel Number | 02812452 | Improvements Assessment | $1,702,560 |
| Land Assessment | $45,000 | Total Assessment | $1,747,560 |
PROPERTY TAXES
Parcel Number
02812452
Land Assessment
$45,000
Improvements Assessment
$1,702,560
Total Assessment
$1,747,560
-
Chase Davis -
Greg Miller -
The Multifamily Group
(972) 379-9862
x103
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2701 Hemphill St
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