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6760 Calmont AveFort Worth, TX 76116
Courtyard on Calmont Apartments
Asset ClassMultifamily
# Units: 50Occupancy: 95%Year Built: 1965Access Data Room
overview of deal

Overview

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.

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Investment Highlights

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

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6760 Calmont AveFort Worth, TX 76116
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Listing provided by Revere CRE