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Off-Market 16-Unit Complex Near TCU

3125 S University Dr, Fort Worth

ROI

18.57% IRR

Strategy

Long Term Rental

Off-market 16-unit complex near TCU. All 1bd/1ba units with upside from current rents for over $2k/mo cashflow. Two buildings, 16 units, all 1bd/1ba, with 9,644 total sq ft on a .31 acre lot. Built in 1959 with recent renovations inside and out. New appliances, fixtures, paint, floors, counters within last 3 years. Market rents $1200-1300/mo.

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Off-Market 16-Unit Complex Near TCU

Listed 08/18/2023

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3125 S University Dr, Fort Worth

Purchase Price:$2,200,000

Cash Outlay:$704,000

Cashflow:$2,047/mo

Cap Rate:7.14%

IRR:18.57%

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