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33620863
33620861

312 West Rentz Street, Weatherford, TX 76086

VS
TX 0475530
Ready Real Estate
Listed by Ready Real Estate
$1,449,000
23 days on market
Updated 23 days ago

312 West Rentz Street

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 10,452
Net Rentable (SqFt) 10,452
Units 12
Cap Rate 6.66%
NOI $96,500
Occupancy 100%
Tenancy Multi
Rent Bumps No
Pro-Forma Cap Rate 6.66%
Pro-Forma NOI $96,500
Price per SqFt $139
Year Built 1970
Year Renovated 2024, 2025, 2026
Buildings 3
Acreage 0.700
Zoning Multi Family
Investment Type Stabilized
Sale Condition 1031 exchange

6.92% Cap | Renovated 12-Unit | All 3BR/1BA | Value-Add Upside

Investment highlights

RENOVATED 12-UNIT VALUE-ADD — WEATHERFORD, TX — 6.92% CAP

Recently renovated 12-unit apartment community on 0.70 acres in central Weatherford (Parker County), one of North Texas's fastest-growing exurban markets, with an easy I-20 commute to Fort Worth. All units are 3-bedroom, 1-bath — a standout mix in this submarket that drives demand and holds turnover down.

The property has completed a substantial renovation cycle. Renovated units feature granite counters, stainless appliances, and luxury vinyl plank flooring. All units are individually metered, so tenants pay their own utilities and owner expenses stay lean. Three identical two-story brick fourplex buildings sit on a well-maintained, tree-shaded parcel with 24 on-site parking spaces.

The asset is strongly occupied with one freshly renovated unit available to show, giving investors a firsthand look at the renovation quality plus immediate lease-up upside. In-place rents are $1,050 per month across the standard units, with one central-HVAC unit achieving $1,200 — full-occupancy potential of $154,800 annually. Priced at $1,449,000, the offering reflects a 6.92% cap rate on pro forma net operating income of $98,641, with additional upside available through lease-up of the final unit and continued rent optimization at turnover.

Operations are clean and verifiable: actual 2025 Parker County tax levy, documented insurance, and 28 months of operating history (January 2024 – April 2026) available to qualified buyers. A full financial package — rent roll, operating pro forma, and tax and insurance documentation — is available upon request under confidentiality agreement.

Located minutes from historic downtown Weatherford, shopping, dining, and major employers, within Weatherford ISD (Curtis Elementary, Hall Middle, Weatherford High) and close to schools and parks. A clean, manageable asset well suited to a 1031 exchange investor or owner-operator seeking dependable cash flow with genuine growth potential.

Owner is a licensed Texas real estate broker. Excludes mineral rights. Showings: renovated vacant unit available via Supra keybox — book through BrokerBay. Please do not disturb tenants in occupied units; access to leased units provided during due diligence on an accepted offer.

Listing Contacts

VS
TX 0475530
Ready Real Estate
Listed by Ready Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$96,500.00
$8,041.67/mo

Valuation Metrics

0
DSCR
6.66%
Cap Rate
6.66%
ROI

Map

Zoning

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R2 ResidentialTwo FamilyTwo Family Residential
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Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
Von Sutten
License
0475530
Brokerage
Ready Real Estate
Brokerage Phone
817-681-5180
Title
Broker of Record
Brokerage Address
455 Yukon Ct.
Name
Von Sutten
License
0475530
Brokerage
Ready Real Estate, LLC
Brokerage Phone
817-681-5180
Title
Von Sutten
Brokerage Address
455 Yukon Court
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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