Listed by The Peak Group
$3,899,000
East Powell Duplexes
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 22,272
Units 20
Cap Rate 6.2%
NOI $241,550
Price per SqFt $175
Broker Co-Op Yes
Class B
Year Built 2026
Buildings 10
Stories 2
Investment Type Stabilized
Ownership Fee Simple
Multifamily | 20 Units | $194,950/unit
Marketing description
10 duplexes on East Powell Avenue, located within Federal Opportunity Zone. 4 of the 10 under construction, the other 6 to start asap. Plans are already approved with the City of Fort Worth. Can be sold when tenants in placed. Seller is a property manager and is able to manage on behalf of investor. Each unit is 2 bed, 1 bath, 1 car garage. Located 5 miles from downtown and Medical City.
Investment highlights
6.2% cap rate, sold with tenants in place.
Listing Contacts
Listed by The Peak Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$241,550.00
$20,129.17/mo
Valuation Metrics
0
DSCR
6.2%
Cap Rate
6.2%
ROI
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