3251 S University Drive, Fort Worth, Texas 76109

$1,215,000
8
BD
List Price
$1,215,000
MLS#
14712987
Status
ACTIVE OPTION CONTRACT
Type
Multifamily
Year Built
1950
Construction Status
Preowned
Bedrooms
8
Full Baths
8
Acres
0.31
County
Tarrant
City
Fort Worth
Subdivision
Bluebonnet Hills
Building Name
3251-55 S University

Property Description

Location, Location Location! Rare opportunity to own an apartment complex within walking distance to Texas Christian University. Total of eight 1 BR 1 BA units, each contains hardwood flooring, granite countertops, new cabinet faces, and stainless steel appliances. 8 covered parking spaces. On site laundry room contains two sets of washers and dryers. All units currently rented through summer of 2022. Utilities are separately metered. Great upside potential

Additional Information

Unexempt Taxes
$9,011
HOA
No HOA
Annual Insurance
5764
Gross Annual Expenses
31185
Gross Annual Income
98456
Lot Size
13,503
Acres
0.31
Subdivided
No
Interior Features
Other
Foundation
Pier & Beam
Roof
Other
Stories
2
Street Utilities
City Sewer, City Water
Heating Cooling
Central Air-Elec, Central Heat-Elec
Construction Material
Brick
Parking Garage
Carport-Shared
Total Num Parking
8
School District
Fort Worth Isd
Elementary School
Clayton Li
Middle School
Mclean
High School
Paschal
Building Sq. Ft.
6136
Number of bldgs.
2
Number of units
8
Occupancy Rate
100
Possession
Closing/Funding
Cap Rate
5.54

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Purple Real Estate, LLC.