Transwestern Multifamily is pleased to present the exclusive opportunity to acquire the Courtyard at Calmont Apartments, a 50-unit value-add community in Fort Worth. The community sits on 1.4 acres and features excellent visibility along I-30, which serves as the main transportation corridor between Dallas and Fort Worth and accommodates 125,000 vehicles per day.
Well Maintained Asset with Long Term Ownership of 6+ Years
· Significant In Place Yield with Positive Leverage
· Exceptional Visibility from Interstate 30 with 125,000 vehicles passing by the property per day
· Fully Gated Community
Classic Interiors with Substantial Value Add Opportunities
· Upgrade Potential in 100% of units
· Implement Utility Reimbursements – Not Currently Billing Back Utilities
· Install washer/dryer connections in Feasible Units
· Construct Covered Parking and Reserved Uncovered Parking
· Add smart tech devices to all units
· Install Water Savings Devices
· Implement Bulk Cable/Internet Agreement
· Seller Owns all equipment in Laundry Facilities, Allowing for New Contract
Excellent Location Near Numerous Economic Drivers
· The Shops at Clearfork
· Lockheed Martin
· Southside Medical District
· American Airlines
· Texas Christian University
· Ridgmar Mall
· West 7th Entertainment district