Listed by Colliers - Dallas, Texas
Unpriced
Primavera
Details
APN 02638142
Property Type Multifamily
Sub Type Apartment Building, Garden
Square Footage 117,432
Net Rentable (SqFt) 117,183
Units 164
Year Built 1968
Buildings 21
Stories 2
Acreage 3.190
Zoning Multifamily
Multifamily | 164 Units
Investment highlights
- Strategic Fort Worth Location: Situated in a high-growth submarket of Fort Worth, benefiting from strong population inflows and expanding employment hubs across the DFW metroplex.
- Attractive Value-Add Opportunity: Potential to increase NOI through interior upgrades, amenity enhancements, and operational efficiencies, driving rent growth and asset appreciation.
- Strong Rental Demand Fundamentals: Forecasted ~2.5% average annual rent growth over the next three years, according to CoStar Group, providing steady income growth and long-term appreciation potential.
- Below-Market Rents: Opportunity to mark rents to market, offering immediate upside for investors upon implementing a proven repositioning strategy.
- Favorable Supply-Demand Dynamics: Limited new multifamily supply in the immediate submarket helps protect occupancy levels and supports continued rent growth. The South East Fort Worth submarket currently has less than 750 units under construction and delivering in the next 12 months.
- Proximity to Major Employers & Infrastructure: Convenient access to leading employers such as Lockheed Martin, American Airlines, BNSF Railway, Texas Health Resources, and Naval Air Station Joint Reserve Base Fort Worth, supporting a stable and diverse tenant base.
Listing Contacts
Listed by Colliers - Dallas, Texas
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