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Vic Centre 7120 Anderson Blvd

268 Unit Apartment Building $69,964,677 ($261,062/Unit) 4.95% Cap Rate Fort Worth, TX 76120

Investment Highlights

  • 15 minute to downtown Fort Worth.
  • Freeway visibility.
  • 15 minute drive to downtown Arlington.

Executive Summary

This price reflects a fully built project. Construction has started, we will field offers contingent upon us completing the Construction and delivering a CofO from the city of Fort Worth. This site is wonderfully located on the intersection of I-30 and I-820, with great visibility from I-30. Anderson Blvd will be connected and improved as part of this development.

Property Facts

Price $69,964,677
Price Per Unit $261,062
Sale Type Investment
Cap Rate 4.95%
No. Units 268
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 31.98 AC
Construction Status Under Construction
Building Size 240,405 SF
No. Stories 3
Year Built 2026
Parking Ratio 1.67/1,000 SF

Unit Amenities

  • Washer/Dryer
  • Kitchen

Site Amenities

  • Playground
  • Pool

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 54 - 517
1+1 108 - 689
2+2 106 - 895

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
05519888
Land Assessment
$211,466
Improvements Assessment
$0
Total Assessment
$211,466

zoning

Zoning Code C (Medium Density Multifamily District)
C (Medium Density Multifamily District)
  • Listing ID: 22824832

  • Date on Market: 4/23/2021

  • Last Updated:

  • Address: 7120 Anderson Blvd, Fort Worth, TX 76120

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