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Multifamily

The Woodlands

7040 John T White Rd, Fort Worth, TX 76120

Listing Price: Request For Offer

Number of Units
346
Gross SF
246,720

Investment Overview

The Woodlands is a 343 unit, individually metered community located in the heart of the Dallas/Fort Worth Metroplex on John T. White Road just east of Loop 820 and north of Interstate 30 in Fort Worth. This strategic location offers an easy commute to downtown Fort Worth, Arlington, Northeast Mall and numerous shopping and dining options. Public and school transportation stops are also located in front of the property. Fort Worth is one of the nation’s fastest growing and most dynamic markets for multifamily investment due to generational positive trends in population and employment growth, which has fueled rent growth for over a decade and will continue to in the years ahead. The subject property was built in 1979 and consists of 34 buildings which are comprised of brick veneer and hardie plank siding exteriors with pitched composition roofs on concrete slab foundations. The property is well maintained with more than $4.2MM in capital improvements having been completed in the past three years. However, only about 50% of the units have undergone interior upgrades, which allows the new owner the ability to increase rental income through the continuation of the unit upgrade program. Community amenities include a large swimming pool and clubhouse, onsite laundry facilities, secure access gates and a large and scenic residential courtyard area. The Woodlands offers a new owner a great opportunity to acquire a large, well located and well maintained apartment community in the heart of D/FW at an attractive basis and enjoy solid yield from day-one of ownership along with the ability to significantly increase income and value in a short time frame without having to undertake a disruptive and capital intensive “heavy lift”. This can be achieved by continuing the existing unit upgrade program, which has only been completed in about 50% of the units so far. Substantial additional NOI can also be added through the reintroduction of late fees and application fees, both of which have been effectively suspended at the property for some time and have been reinstated in the area and throughout D/FW at most similar properties. By implementing these strategies and taking advantage of historically attractive new financing, a new owner can enjoy great cash flow and capital appreciation at The Woodlands for years to come.

Investment Highlights

  • Well Maintained, 346 Unit Community Built in 1979 and Located in one of the Nation's Fastest Growing and Most Dynamic Markets
  • Significant Upside Through the Continuation of Unit Upgrade Program (50% of Units Upgraded) and Improvement in Ancillary Income
  • Outstanding Organic Rent Growth-11 Percent Increase in Year-Over Year Average Rents
  • Conveniently Located in the Heart of D/FW Near Major Employers and Thoroughfares-Situated at Junction of Interstate 30 and Loop 820
  • Available Free and Clear of Existing Debt-Historically Attractive Bridge and Agency Financing Options Available
  • Great Potential for Value Creation Without a "Heavy Lift"-More Than $4.2MM in Recent Capital Improvements
  • Located Within Ten Minutes of Downtown Fort Worth, Arlington, Northeast Mall and AT&T Stadium

Exclusively Listed By

Multifamily

The Woodlands

Listing Price: Request For Offer

Number of Units
346
Gross SF
246,720

Investment Highlights

  • Well Maintained, 346 Unit Community Built in 1979 and Located in one of the Nation's Fastest Growing and Most Dynamic Markets
  • Significant Upside Through the Continuation of Unit Upgrade Program (50% of Units Upgraded) and Improvement in Ancillary Income
  • Outstanding Organic Rent Growth-11 Percent Increase in Year-Over Year Average Rents
  • Conveniently Located in the Heart of D/FW Near Major Employers and Thoroughfares-Situated at Junction of Interstate 30 and Loop 820
  • Available Free and Clear of Existing Debt-Historically Attractive Bridge and Agency Financing Options Available
  • Great Potential for Value Creation Without a "Heavy Lift"-More Than $4.2MM in Recent Capital Improvements
  • Located Within Ten Minutes of Downtown Fort Worth, Arlington, Northeast Mall and AT&T Stadium

Investment Overview

The Woodlands is a 343 unit, individually metered community located in the heart of the Dallas/Fort Worth Metroplex on John T. White Road just east of Loop 820 and north of Interstate 30 in Fort Worth. This strategic location offers an easy commute to downtown Fort Worth, Arlington, Northeast Mall and numerous shopping and dining options. Public and school transportation stops are also located in front of the property. Fort Worth is one of the nation’s fastest growing and most dynamic markets for multifamily investment due to generational positive trends in population and employment growth, which has fueled rent growth for over a decade and will continue to in the years ahead. The subject property was built in 1979 and consists of 34 buildings which are comprised of brick veneer and hardie plank siding exteriors with pitched composition roofs on concrete slab foundations. The property is well maintained with more than $4.2MM in capital improvements having been completed in the past three years. However, only about 50% of the units have undergone interior upgrades, which allows the new owner the ability to increase rental income through the continuation of the unit upgrade program. Community amenities include a large swimming pool and clubhouse, onsite laundry facilities, secure access gates and a large and scenic residential courtyard area. The Woodlands offers a new owner a great opportunity to acquire a large, well located and well maintained apartment community in the heart of D/FW at an attractive basis and enjoy solid yield from day-one of ownership along with the ability to significantly increase income and value in a short time frame without having to undertake a disruptive and capital intensive “heavy lift”. This can be achieved by continuing the existing unit upgrade program, which has only been completed in about 50% of the units so far. Substantial additional NOI can also be added through the reintroduction of late fees and application fees, both of which have been effectively suspended at the property for some time and have been reinstated in the area and throughout D/FW at most similar properties. By implementing these strategies and taking advantage of historically attractive new financing, a new owner can enjoy great cash flow and capital appreciation at The Woodlands for years to come.

Exclusively Listed By

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