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28895230
28895241

106 E Josephine St, Weatherford, TX 76086

JM
TX 687523
Clark Real Estate Group Weatherford
DG
TX 0752405
Clark Real Estate Group
Listed by Clark Real Estate Group Weatherford, Clark Real Estate Group
$2,100,000
206 days on market
Updated 11 days ago

106 E Josephine Avenue, Weatherford, Texas 76086

Details
APN R000002077
Property Type Multifamily
Sub Type Apartment Building
Square Footage 19,400
Units 23
Cap Rate 8.9%
NOI $186,906
Year Built 1969
Buildings 3
Stories 2
Acreage 0.940
Parking Spaces 15 spaces
Parking per 1,000 SqFt 0.77

Multifamily | 23 Units | $87,500/unit

Marketing description

BACK ON MARKET! CAP RATE ADJUSTMENT DUE TO IMPROVED LEASED RATES!! LOCATION LOCATION LOCATION!!! The Chateau Apartments – A Premier Investment Opportunity in the Heart of Weatherford. 8.9% Cap Rate. The Chateau Apartments offer an exceptional blend of stability, convenience, and long-term performance. With tenants who move in and rarely move out, this community consistently demonstrates outstanding resident retention and a solid 100% occupancy rate. Ideally situated within effortless walking distance of virtually every amenity one could desire, the property enjoys an unbeatable location. Gibson’s and CVS are directly next door, and the Weatherford Courthouse is just steps away—close enough to reach with a well-placed golf swing. Recent capital improvements include a new roof installed in 2025, along with freshly sealed and striped parking areas, ensuring the exterior remains both attractive and well-protected. Residents benefit from ample covered parking, an on-site laundromat, and a welcoming courtyard fountain that enhances the community’s charm. Under the same ownership and management since 2006, the property has been meticulously maintained by a reliable local maintenance team. This level of consistent care positions the Chateau Apartments as one of the strongest multifamily investment opportunities currently available in Parker County. P&L statements are available upon request. The owner is also offering the Casa Del Sol Apartment Complex (MLS# 21126626), creating the potential for a compelling combined acquisition.

Investment highlights

  • Prime Weatherford Location – Walk to Gibson’s, CVS & the Courthouse
  • Rock-Solid Performance – 100% Occupancy & High Tenant Retention
  • 8.9% Cap Rate – Stable, Predictable Returns
  • Recent Capital Improvements – New Roof (2025), Sealed & Striped Parking
  • Strong Amenities – Covered Parking, On-Site Laundry, Courtyard Fountain
  • Proven Stewardship – Same Ownership Since 2006 + Local Maintenance

Listing Contacts

JM
TX 687523
Clark Real Estate Group Weatherford
DG
TX 0752405
Clark Real Estate Group
Listed by Clark Real Estate Group Weatherford, Clark Real Estate Group

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$186,906.00
$15,575.50/mo

Valuation Metrics

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DSCR
8.9%
Cap Rate
8.9%
ROI

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