Multifamily
Lockwood Estates
5117 N Hampshire Blvd, Fort Worth, TX 76112
Listing Price: $2,500,000
Investment Overview
Marcus & Millichap is pleased to announce the listing of Lockwood Estates, a 32 unit multifamily complex located in Fort Worth, Texas. Built in 1962, this asset consists of thirty-one one-bedroom units and one two-bedroom unit. This property offers a steady cash flow with twenty-seven units backed up by section 8 payments. Collections throughout the global pandemic have been 100% while currently being fully occupied. Owner has invested over seven hundred thousand dollars worth of improvements to the property such as new roof, remote controlled access gate, parking lot, and much more. Any potential buyer could assume the current loan with a 4.7% interest rate coming due in eight years.
Exclusively Listed By
Listing Price: $2,500,000
Investment Highlights
- 100% rental collections throughout the global pandemic
- Assumable loan available for potential buyers
- $760,000 worth of improvements to the property
- Located in a top twenty populated city in the US
Investment Overview
Marcus & Millichap is pleased to announce the listing of Lockwood Estates, a 32 unit multifamily complex located in Fort Worth, Texas. Built in 1962, this asset consists of thirty-one one-bedroom units and one two-bedroom unit. This property offers a steady cash flow with twenty-seven units backed up by section 8 payments. Collections throughout the global pandemic have been 100% while currently being fully occupied. Owner has invested over seven hundred thousand dollars worth of improvements to the property such as new roof, remote controlled access gate, parking lot, and much more. Any potential buyer could assume the current loan with a 4.7% interest rate coming due in eight years.
Exclusively Listed By
