Investment Overview

Ashton Apartment Homes is a 152 unit, individually metered community located in the northern Tarrant County city of Saginaw. Ashton has frontage on U.S. 287, with easy access to area employment, shopping, and schools. Saginaw’s population is projected to surge by 42% over the next 15 years, per National Civic League. This growing location boasts numerous blue collar employment drivers mostly rooted in manufacturing and agriculture. Additionally, Saginaw is strategically located near Hillwood’s AllianceTexas and the ever-expanding Fort Worth Historic Stockyards. The subject property was built in 1984 and consists of 15 buildings on nearly eight acres. The property is comprised of brick veneer and plank siding with pitched composition roofs on concrete slab foundations. The property also features individual HVAC’s, individual hot water heaters, copper wiring, and PVC plumbing. Community amenities include a stylish clubhouse, large swimming pool, expansive dog park, and multiple grilling stations. Residents also enjoy private patio/balconies, large walk-in closets, and brick fireplaces. Ashton offers a new owner the opportunity to “get in early” on a growing location by acquiring an attractive property in a submarket where there is not much comparable rental competition. The comparable properties in Saginaw are achieving rents as much as $400 higher with similar floorplans but higher-level interior finish outs. The median household income within a one-mile radius is very strong at $89,000, which supports the thesis of future rent increases through further renovation. Ashton Apartment Homes is a very enticing investment opportunity located in one of the fastest growing rental markets in the country.