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34384975
34384963

2 Locations For Sale

JR
TX 9005653
Purple Housing
Listed by Purple Housing
$2,000,000
3 days on market
Updated 3 days ago

Luxury TCU Student Housing Portfolio

Details
APN 02265877, 00233986
Property Type Multifamily
Sub Type Student Housing, Single Family Rental Portfolio
Square Footage 5,693
Net Rentable (SqFt) 5,693
Units 2
Beds 10
Cap Rate 5.79%
NOI $115,759
Occupancy 100%
Tenancy Multi
Rent Bumps Yes
Class A
Year Built 2020
Year Renovated 2021
Buildings 2
Stories 1
Acreage 0.300
Zoning A
Investment Type Stabilized

Multifamily | 5.79% CAP | 2 Units

Marketing description

The TCU Luxury Rental Portfolio presents a rare opportunity to acquire two purpose-built luxury student housing assets strategically located just minutes from Texas Christian University (TCU) in Fort Worth, Texas. Consisting of two recently constructed, high-quality single-family homes totaling 10 bedrooms and 5,671 square feet, the portfolio offers investors stable in-place cash flow, contractual rental growth, and ownership of institutional-quality real estate in one of Texas' most desirable university submarkets.

Built in 2020 and 2021, the properties were designed specifically to meet the growing demand for premium off-campus student housing. Each home features five bedrooms, three-and-one-half bathrooms, expansive open-concept living spaces, modern finishes, attached garages, and thoughtfully designed outdoor amenities that distinguish the portfolio from traditional student rentals. Permanent in-ground basketball courts, large second-floor balconies overlooking the backyard, and covered pergolas create an elevated living experience that supports premium rental rates and strong tenant demand.

The portfolio is currently 100% occupied under professionally structured lease agreements, producing $164,400 in annual gross scheduled rental income with additional contractual rent growth already in place. The properties benefit from a highly efficient operating structure, with tenants responsible for utilities, reducing owner operating expenses and contributing to consistent net operating income.

Investment highlights

  • Two luxury single-family rental homes located near Texas Christian University
  • 10 total bedrooms | 7 total bathrooms | 5,671 combined square feet
  • Built in 2020 and 2021, minimizing deferred maintenance and near-term capital expenditures
  • 100% leased with stable in-place cash flow
  • Contracted future rent growth through existing lease agreements
  • Purpose-built for the TCU student housing market with highly functional five-bedroom floor plans
  • Premium outdoor amenities, including permanent basketball courts, pergolas, and second-story entertainment balconies
  • Attached two-car and three-car garages providing ample parking and storage
  • Located within one of Fort Worth's strongest and most supply-constrained rental markets

Listing Contacts

JR
TX 9005653
Purple Housing
Listed by Purple Housing

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$115,759.00
$9,646.58/mo

Valuation Metrics

0
DSCR
5.79%
Cap Rate
5.79%
ROI

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Additional Information

Name
Jonathan Rothchild
License
9005653
Title
Broker of Record
Name
Jonathan Rothchild
License
9005653
Brokerage Phone
817-585-1354
Brokerage Address
3124 Sandage Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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