🚫 We are no longer accepting BRRRR, Fix/Flip, or Wholesale clients

20-Unit Apartment Building Next to Medical Centers and TCU

2701 Hemphill St, Fort Worth
ROI
23.00% IRR
Strategy
Mid Term Rental
20-unit apartment building next to medical centers and TCU. Great furnished mid-term opportunity with all 1 bed units and major renovations recently completed. OM available upon request. : 20 unit property built in 1961 with 1 bed 1 bath units at 700sq ft each. 16 units completely updated, 4 with partial updates. Major capex completed including exterior, electric, HVACs, plumbing, parking lot, and cosmetics. 95% occupied with long term tenants, most leases 15-20% below market and ending within 3 months.

Enter your email to download the proforma

< Back to Daily Deals

20-Unit Apartment Building Next to Medical Centers and TCU

Listed 04/10/2023

2701 Hemphill St, Fort Worth

Purchase Price:$1,900,000

Cash Outlay:$643,000

Cashflow:$4,917/mo

Cap Rate:8.92%

IRR:23.00%

Talk to an analyst about this property

Get a response in less than 24 hours.
Message

See other properties
Updated Today

Long Term Rental

Houston Single Family Rental $250k

12807 Magenta Oaks Dr, Houston

Purchase Price:$250,000

Cash Outlay:$67,500

Cashflow:$27/mo

Cap Rate:5.25%

IRR:10.73%

Updated Today

Long Term Rental

Houston Single Family Rental In Great Area $265k

16334 Melody View Ct, Cypress

Purchase Price:$265,000

Cash Outlay:$71,550

Cashflow:$126/mo

Cap Rate:4.81%

IRR:11.92%

Updated Today

Long Term Rental

DFW Cashflowing Duplex $350k

8113 Marydean Ave, Fort Worth

Purchase Price:$350,000

Cash Outlay:$94,500

Cashflow:$154/mo

Cap Rate:5.91%

IRR:12.87%

Updated Today

Long Term Rental

Rare Cashflowing Single Family Rental North of Dallas $420k

504 Buffalo Bill Dr, Anna

Purchase Price:$420,000

Cash Outlay:$113,400

Cashflow:$99/mo

Cap Rate:5.99%

IRR:12.04%

Updated Today

Long Term Rental

Killeen 8-Plex Exceeding The 1% Rule: $445k

801 W Avenue I, Killeen

Purchase Price:$445,000

Cash Outlay:$120,150

Cashflow:$851/mo

Cap Rate:8.59%

IRR:22.09%

Long Term Rental

Temple Duplex Near Medical Center $269k *Great Deal*

1 N 41st St, Temple

Purchase Price:$269,000

Cash Outlay:$72,630

Cashflow:$481/mo

Cap Rate:7.53%

IRR:20.48%