For Sale
$2,500,000

5117 Hampshire BlvdFort Worth, TX 76112

32-Unit Apartment Building, Excellent ROI

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 32-unit apartment building, located at 5117 N Hampshire Blvd, Fort Worth, TX 76112, presents a compelling investment opportunity. Built in 1962 and extensively renovated in 2018, the property boasts a strong rental history and significant value-add potential. The asking price is $2,500,000, translating to an attractive price per unit of $78,125. The property is authorized for Section 8 Housing, with approved rent at $1,250 per unit, ensuring consistent cash flow. Over $1 million in capital expenditures since 2017 have modernized key infrastructure, including updated copper wiring and PVC plumbing. Resident convenience is enhanced by on-site laundry facilities. Recent improvements also include a repaved parking lot and new fencing. The property benefits from its strategic location within a network of major thoroughfares experiencing approximately 100,000 vehicles per day, and enjoys strong market demographics with consistent rental demand and comparatively affordable property values compared to neighboring areas. This multifamily asset offers a blend of stable income and significant upside potential for a savvy investor.

Highlights

  • 32-unit apartment building, Section 8 authorized.
  • Significant value-add potential.
  • High-traffic location (approx. 100,000 VPD).
  • Strong rental demand and affordable pricing relative to the area.
  • $1,250 Section 8 approved rent per unit.
  • Over $1M in capital expenditures since 2017.

Property Details for 5117 Hampshire Blvd

Property type
Apartment buildings
Year Built/Renovated
1962/2018
Units
32

Location Insight

City
Fort Worth
County
Tarrant
State
Texas
Latitude
32.736121860234
Longitude
-97.244618633569
5117 Hampshire Blvd, Fort Worth, Texas

FAQs

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5117 Hampshire Blvd
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