For Sale
Call for price

6520 Red Sierra DrFort Worth, TX 76112

135-Unit Apartment Complex, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 135-unit apartment building, situated in Fort Worth, Texas, presents a compelling investment opportunity. Built in 1969 and renovated in 2000, the two-story garden-style community boasts a current occupancy rate of 89.62%. Located at 6520 Red Sierra Dr, Fort Worth, TX 76112, in Tarrant County, this property benefits from its strategic location within a thriving submarket of the Dallas-Fort Worth metroplex, providing easy access to major employment hubs, educational institutions, and recreational amenities. The strong economic growth and dynamic population of Fort Worth ensure consistent demand and long-term stability. Significant revenue growth potential exists through interior unit renovations, allowing for rent increases to align with market standards and boosting overall net operating income. Furthermore, the property enjoys favorable tax exemptions through a PFC financing program, significantly reducing operating expenses and enhancing the property's financial performance. This multifamily investment offers substantial upside potential in a desirable location.

Highlights

  • Qualified for attractive tax benefits.
  • Strong potential for high ROI.
  • Prime Fort Worth, TX location.

Property Details for 6520 Red Sierra Dr

Property type
Apartment buildings
Year Built/Renovated
1969/2000
Stories
2
Units
135

Location Insight

City
Fort Worth
County
Tarrant
State
Texas
Latitude
32.7513995
Longitude
-97.2176064
6520 Red Sierra Dr, Fort Worth, Texas

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6520 Red Sierra Dr
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