Richland Court | 6626 Reeves St
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Richland Court 6626 Reeves St
46 Unit Apartment Building For Sale Richland Hills, TX 76118
Investment Highlights
- Prime Location: Just 15 minutes from Downtown Ft. Worth, DFW Airport, and major highways, with proximity to malls and key amenities.
- Community Benefits: Located near bustling intersections, retail outlets, and educational institutions
- Capital Improvements: Over $1M invested in both exterior and interior upgrades, enhancing aesthetic appeal and functionality.
- Upside Potential: Numerous value-add opportunities available
- Well-Maintained Asset: Strong unit mix, individual HVAC, and hot water systems.
- Financing Options: Positive leverage with assumable FSBL proceeds and favorable fixed rates, offering flexibility for potential buyers.
Executive Summary
Richland Court Apartments & Townhomes is a renovated 46-unit multifamily community located in Richland Hills, a suburb of Fort Worth. The property was built in 1970 and is comprised of 5, two-story buildings with brick siding, situated on a total area of 1.68 acres. Richland Court offers spacious and well-appointed one- and two-bedroom floor plans. Amenities may vary by unit and include vinyl wood plank flooring throughout, fully equipped kitchens and contemporary bathrooms with tiled tub and shower surrounds. A property management office is on-site, and ample parking spaces are provided.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Sale Type | Investment | Lot Size | 1.68 AC |
| No. Units | 46 | Building Size | 37,900 SF |
| Property Type | Multifamily | Average Occupancy | 85% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1970 |
| Building Class | C | Parking Ratio | 2.03/1,000 SF |
| Sale Type | Investment |
| No. Units | 46 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.68 AC |
| Building Size | 37,900 SF |
| Average Occupancy | 85% |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 2.03/1,000 SF |
Unit Amenities
- Balcony
- Dishwasher
- Disposal
- Ceiling Fans
- Ice Maker
- Walk-In Closets
- Carpet
- Pantry
- Patio
- Window Coverings
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 26 | - | 650 |
| 2+1.5 | 20 | - | 1,050 |
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PROPERTY TAXES
| Parcel Number | 42072466 | Improvements Assessment | $4,253,860 |
| Land Assessment | $146,140 | Total Assessment | $4,400,000 |
PROPERTY TAXES
Parcel Number
42072466
Land Assessment
$146,140
Improvements Assessment
$4,253,860
Total Assessment
$4,400,000
zoning
| Zoning Code | R-4, Richland Hills (Residential) |
| R-4, Richland Hills (Residential) |
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Byron Griffith -
Global Real Estate Advisors
(972) 432-7436
x113
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Richland Court | 6626 Reeves St
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