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32270101
32270114

3108 FRAZIER AVE, FORT WORTH, TX 76110-3620

RU
TX TX 0657253
League Commercial
Listed by League Commercial
$2,100,000
34 days on market
Updated 34 days ago

TCU Student Housing, 10 Bed/10 Bath Duplex

Details
APN 00391247
Property Type Multifamily
Sub Type Student Housing
Units 10
Beds 10
Cap Rate 5.2%
NOI $109,170
Occupancy 100%
Pro-Forma Cap Rate 5.97%
Pro-Forma NOI $125,450
Class A
Year Built 1945
Stories 3
Lot Size (SqFt) 6,250
Parking Spaces 10 spaces
Investment Type Stabilized
Ground Lease No

2025 Construction | 100% Leased For 2026-2027 | 50% Pre-Leased For 2027-2028

Marketing description

Subject Property Is Within Walking Distance Of District 90 Development and 8th Avenue. Current Nearby Businesses Include Cidercade, Carshon's Deli, Mama's Pizza and Rusty Nickel Icehouse.

Conveniently Located Steps Away From The Berry St Corridor, Providing Tenants A Variety Of Additional Dining, Retail And Nightlife Options. Examples Include Chicken Express, CVS, Fuzzy's Taco Shop And Jon's Grille.

Core Rental Location For Students, Providing New Ownership With A Competitive Edge In Leasing.

Consistent Rental Demand From Students Due To Proximity To Campus, Resulting In High Occupancy Rates And Consistent Rental Income.

Strong Appreciation Potential Stemming From Consistent TCU Enrollment Growth, As Well As Consistent Rent Growth.

Easily Accessible To Campus, As Well As Other Popular Attractions And Events That Fort Worth Offers Year Round.

Investment highlights

Institutional Quality Asset at Accessible Price Point.

100% Leased For 2026-2027. 50% Pre-Leased For 2027-2028.

Advanced Security Systems with 24-Hour Multi-Camera Monitoring, DVR System With Remote Playback Capabilities.

Each Unit Equipped With (2) Sets of Washers/Dryers and (1) 70'' Flat Screen Television.

Tenants Responsible For All Utilities (Electric, Water, Gas, Cable, Internet).

Ample Parking For Tenants and Guests Comprised of Rear and On-Street Options.

High-End Finishes Including Oversized Kitchens with Large Islands, Quartz Countertops, Stainless-Steel Appliances.

Listing Contacts

RU
TX TX 0657253
League Commercial
Listed by League Commercial

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$109,170.00
$9,097.50/mo

Valuation Metrics

0
DSCR
5.2%
Cap Rate
5.2%
ROI

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Additional Information

Name
Ross Utley
License
TX 0657253
Brokerage Phone
817-523-9113
Brokerage Address
5220 Locke Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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