ADDITIONAL IMPROVEMENTS MADE TO PROPERTY! Investor GEM. If you know... you know. Location, land value, and excellent resident retention. Ready to cash flow! The Fontaine Apartments. 20 units, 16 completed updated, 4 some updates (long term residents). All 1 bd, 1 bth. Close to Magnolia District, TCU, Medical District, public trnsprtn. Renovated boutique style community. New flooring, tile, paint, and fixtures. Great sized bedroom and bathroom, 2 walk in closets in each unit! Most kitchens have all new stainless steel appliances and nook area. Retro-feel community designed with modern landscaping and washer, dryer on site. Many residents RUBS. Attached docs with complete list of updates and financials. MAJOR work Exterior (2020) Electric, new wiring and panel(2020) Mini Split HVACs(2021) Plumbing(2022) New Pavement parking lot and paint assigned spaces (2023) Cosmetic updates completed over 3 yrs. Professionally managed. Offering Memoradum and financials available from Judy Andujar.
- Price:
- $1,900,000
- Bedrooms:
- 20
- Full Baths:
- 20
- Acreage:
- 0.34
- Year Built:
- 1961
- Listing ID #:
- 20242073
- Street Address:
- 2701 Hemphill St Unit 106
- City:
- Fort Worth
- State:
- Texas
- Postal Code:
- 76110
- County:
- Tarrant
- Subdivision:
- South Hemphill Heights Add
- Listing Status:
- Pending
- Listing Type:
- Multi Family
School District: Fort Worth Isd
PRESCHOOL-5
550 students
16 student/teacher
7-8
900 students
17 student/teacher
9-12
1400 students
14 student/teacher
- Building Security:
- Carbon Monoxide Detector(s), Fire Alarm, Fire Sprinkler System, Security Lights, Security Service, Security System, Security System Owned, Smoke Detector(s), Wireless
- Construction Description:
- Brick, Concrete, Vinyl Siding, Wood
- Ease Of Access:
- Accessible Approach With Ramp, Accessible Bedroom, Accessible Doors, Accessible Entrance, Accessible Hallway(s)
- Flooring:
- Laminate
- Foundation:
- Pillar/Post/Pier
- Has Handicap Features:
- 1
- Interior Features:
- Granite Counters, High Speed Internet Available, Multiple Staircases, Natural Woodwork, Open Floorplan, Walk-In Closet(s)
- Number Of Units:
- 20
- Number Of Units:
- 1
- Stories:
- Two
- Total # Of Buildings:
- 1
- Type Of Roof:
- Flat, Other
- Windows:
- Window Coverings
- Year Built:
- 1961
- Year Built Description:
- Preowned
- Annual Insurance Expenses:
- 14825
- Capitalization Rate:
- 5.86
- Gross Expenses:
- 69178.00
- Gross Income:
- 195300.00
- Lot Square Footage:
- 14984.6400
- Community Features:
- Curbs, Laundry, Other
- Previous Listing Price:
- 2100000.00
- Terms:
- 1031 Exchange, Cash, Contract, Conventional, Other
- Parking Description:
- Assigned, Parking Lot, Private
- Parking Spaces:
- 20
- Patio Description:
- Awning(s), Covered, Wrap Around
- Appliances:
- Built-In Gas Range, Gas Cooktop, Gas Oven, Plumbed For Gas In Kitchen, Refrigerator
- Cooling System:
- Electric, Other
- Heating Fuel:
- Electric, Other
- Utilities:
- City Sewer, City Water
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By: Judy Andujar 469-865-8350 with Navigate Management Co. LLC
-
Our online database includes ALL Dallas-Fort Worth area properties listed with the North Texas MLS. Property data is courtesy of the North Texas Real Estate Information Systems (NTREIS) multiple listing service.
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