Transwestern Multifamily is pleased to present the exclusive opportunity to acquire the Bonnie Royal Apartments, a 64-unit value-add community in Fort Worth. The gated community sits on 1.7 acres and is near Interstate-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 11+ Years
· Significant In Place Yield with Positive Leverage
· Fully Gated Community
Classic Interiors with Substantial Value Add Opportunities
· Upgrade Potential in 100% of units
· Implement Utility Reimbursements – Not Currently Billing Back Utilities
· 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